SGS recently previewed its new self-inspection mobile application — INSPEC — at the Conference of Automotive Remarketing (CAR) in Las Vegas. The INSPEC app allows the capture of specific data, such as mileage and vehicle modifications ahead of vehicle turn-in and is now being offered as a pilot, hybrid or standalone solution. When a vehicle […] [Read More]

The newest dealer survey from KeyBanc Capital Market showed the opening month of 2018 was a fruitful one for dealerships’ used-vehicle departments. According to the results shared Friday, the majority of respondents — 75 percent to be exact — continued to report increasing used-vehicle sales in January. “We are anticipating a low single-digit used-car volume […] [Read More]

Another major wholesale market index is showing consistency through the first two months of 2018. While the Manheim Used Vehicle Value Index remained unchanged from January to February, the Black Book Used Vehicle Retention Index edged only slightly higher year-over-year. Black Book released its index on Thursday and reported just a slight uptick to 113.3 […] [Read More]

Donlen recently rolled out a solution to help fleet managers navigate through what can be one of the most challenging part of the jobs — watching for vehicle recalls. Donlen released its latest recall management offering — Recall inSIGHT — a solution that can gives fleet professionals full visibility to their vehicle fleet’s open recalls, […] [Read More]

CDK Global announced Thursday the release of its new cloud-based DMS — CDK Drive Flex DMSaaS. Along with user-friendly features, Drive Flex includes a pricing model that adapts to the unique business needs of dealers operating one or two locations. “CDK Drive Flex is an innovative web-based DMS perfect for dealers with just one or two locations,” CDK Global chief executive […] [Read More]

Sometimes auto finance companies diversify their portfolio through buying paper lower down the credit spectrum than they typically might. In the case of Westlake Financial Services — which specializes in subprime contracts — the provider is doing the opposite. Westlake recently launched its new Titanium program for customers with a 750 FICO or better. Company leaders […] [Read More]

Organizers of the North American Repossessors Summit (NARS) are hitting their 10th anniversary and received a reward from one of their leading sponsors. NARS — an industry event hosted by the American Recovery Association (ARA) and headline sponsor Harding Brooks Insurance — now has a three-year partnership with MVTRAC to sponsor the annual NARS Golf Tournament […] [Read More]

Manheim announced Thursday that its five-year, $10 million-plus investment in four Arizona businesses this year has already brought several enhancements to its physical auction and digital channels in the region. Altogether, Manheim operations in Arizona have touched a combined 8.9 million vehicles annually and cover more than 230 acres. Manheim said the significant investment the […] [Read More]

This week, we go to the Conference of Automotive Remarketing in Las Vegas, where Auto Remarketing group publisher Bill Zadeits chats with Zarif Haque. Haque is the founder and CEO of DRAIVER, a company that is aiming to "Uberize the driveaway industry" and manage drivers through artificial intelligence. Check out their conversation below.  Download and subscribe to […] [Read More]

Now that DriveTime has its new top executive in place, the retailer that caters to buyers with damaged credit histories unveiled its news marketing initiative. This week, DriveTime launched what the company called its “The Genius Way to Buy a Car” campaign. The national spots showcase two fictional brainiacs, mathematician Gunter Zoolof and marine biologist […] [Read More]