Check those installment contracts. Arbitration appears to be no longer an option for dealerships and finance companies to settle conflicts with consumers. On Monday, the Consumer Financial Protection Bureau announced a new rule to ban companies from using mandatory arbitration clauses “to deny groups of people their day in court.” Bureau officials insisted many consumer financial […] [Read More]

Make it two consecutive months where the Manheim Used Vehicle Value Index established a new record. Analysts determined wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 1.1 percent month-over-month in June. This movement brought the index reading to 129.3, which was a record high for the second consecutive month and represented a […] [Read More]

For the second year in a row, the NIADA Convention and Expo was the largest ever. The National Independent Automobile Dealers Association highlighted that the final count is in, and it shows this year’s convention, held June 12-15 at The Mirage in Las Vegas, edged the 2016 total for most attendees in the 71-year history […] [Read More]

FactorTrust recently released findings from an industry-wide survey on the use of alternative data in the non-prime auto financing space, which indicate that alternative data is being more commonly used for underwriting purposes in this market. The survey, sponsored by FactorTrust in conjunction with Connections Insights, investigated participants’ goals, uses and sources associated with alternative […] [Read More]

No matter what size screen consumers might be seeing the promotional message, securing budget is the current biggest concern for automotive marketers, according to a recent study. In today's ever-evolving digital landscape automotive marketers must capitalize on every opportunity online to engage shoppers to remain competitive, making it a challenge to decide which aspects of […] [Read More]

To kick off summer, the Jim Ellis Automotive Group wrapped up a successful charitable campaign where a portion of each sale during the month of May went to support local first responders.  Thanks to the support of old and new customers alike, a total of $65,000 was raised and is being divided evenly between 10 […] [Read More]

Thanks to a new patent from the U.S. Patent and Trademark Office, Cars.com produced what the company said is a first-to-market solution that can pinpoint key mobile shopping data from consumers actively looking for vehicles on dealer lots nationwide. Using Lot Insights technology, Cars.com created the new On-the-Lot Trends Report by analyzing mobile consumer shopping behavior […] [Read More]

In lieu of the traditional test drive, a number of shoppers are most interested getting the best deal possible, says eAutoLease chief executive officer and founder Zoriy Birenboym. “You can do pretty much everything without leaving the comfort of your home or office or school, or where ever you maybe. Once you choose and you decide with one of […] [Read More]

ADESA’s Boston-area location recently celebrated its 70 years in business with two special events last month. In June, ADESA Boston held both an anniversary sale and a car show/motorcycle run fundraiser. ADESA Boston’s 70th-anniversary sale drew a number of additional dealers and vehicles. The array of vehicles included notable drives such as a 1941 Chevrolet pickup […] [Read More]

In this week's episode, Mark Vickery, senior director of performance management at VinSolutions, joins the show. He and Joe  talk about the implications of plateauing new-car sales for dealers, the company's VinWorx event and more. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode in the […] [Read More]