In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Mike Black, president and chief operating officer at Dent Wizard International. The emailed Q&A is below: Auto Remarketing: […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Patrick Dudash, senior vice president of sales at XLerate Group. The emailed Q&A is below: Auto Remarketing: […] [Read More]

Dealers could benefit from a new program to help them turn their new models from Jeep, Hyundai, Ram, Dodge, Fiat and Chrysler. LegalShield, a consumer membership company that allows subscribers to connect with law firms for personal legal advice or assistance, formed a partnership on Monday with BonusDrive, a firm that can deliver benefit programs […] [Read More]

The record-setting streak for the Manheim Used Vehicle Value Index reached three months in a row when Cox Automotive shared the new reading on Monday. The report indicated wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.75 percent month-over-month in July. This rise brought the index reading to 130.3, which was […] [Read More]

The next series of free skip-tracing training webinars hosted by Alex Price, the director of risk solutions at Digital Recognition Network (DRN), begins this week. An expert in skip-tracing with more than 30 years of experience, Price is beginning this quartet of 45-minute training sessions on Wednesday at 2 p.m. ET. Among the points Price […] [Read More]

A top expert at S&P Global Ratings gave two reasons why she now expects the Federal Reserve’s interest-rate policy to remain on hold through the rest of the year. S&P Global U.S. chief economist Beth Ann Bovino explained that factors giving the Federal Reserve reason to pause on raising rates this year after it announces its […] [Read More]

Psychographic analysis involves the study of how people live, what interests them and what they like, according to the American Marketing Association. Equifax auto lending sales leader Craig Sims acknowledged finance companies are leveraging psychographic personas in order to target specific consumers with appropriate offers to use on their next vehicle purchase. But when it […] [Read More]

On Friday, FactorTrust announced the addition of Lobel Financial to its growing list of financial service companies implementing its alternative credit data into their credit decisioning process. Lobel Financial, a finance company specializing in purchasing and servicing vehicle installment contracts from independent and franchised dealers, is using FactorTrust data in a custom scorecard to augment […] [Read More]

Earlier this summer, CarGurus released a study in the U.S. showing that for some used-car shoppers, it actually makes more financial sense for them to take a flight to a city where car prices are considerably less expensive. As it turns out, that was also the case for some shoppers in Canada.  Again, CarGurus said […] [Read More]

Bringing nearly 30 years of experience with him, Jerry Kroshus has been named president and chief executive officer of Auto Approve, a refinance company that specializes in helping consumers find the best possible vehicle interest rates through its national network of credit unions, banks and finance companies. Kroshus began his career at GMAC in 1989 […] [Read More]