While many of the August auto finance metrics Edmunds compiled and shared remained stable on a year-over-year basis, analysts did spot one rise that should be pleasing to finance companies. Edmunds noticed increases in down payments in August for both new- and used-vehicle transactions, compared to the same month last year. For new models, the […] [Read More]

The long-anticipated new project from auto industry entrepreneur and TrueCar founder Scott Painter has officially arrived.   Fair, an app that allows consumers to shop, get approved and pay for vehicles on smartphones, made its debut Tuesday in the Apple App Store. Painter, who stepped down from his TrueCar leadership posts in late 2015, co-founded […] [Read More]

Many young professionals are taking leadership roles in the auto industry and impacting the remarketing and used-car business. In Year 3 of Auto Remarketing’s annual Remarketing & Used-Car Industry’s 40 Under 40, you will find the current- and next-generation leaders of the business who are making big differences in the industry and at their respective […] [Read More]

As passionate as Jim Hallett spoke about the ways KAR Auction Services is geared up to handle the wholesale market workload coming because of Hurricane Harvey, the company’s chairman and chief executive officer emphasized more than anything during an exclusive conversation with Auto Remarketing on Friday how the well-being of nearly 1,000 employees in the […] [Read More]

Cox Automotive chief economist Jonathan Smoke on Friday estimated vehicle losses caused by Hurricane Harvey to come in between $2.7 billion and $4.9 billion in the Houston market alone. While that projected figure includes dealerships’ used-vehicle inventory since those units are classified as vehicles in operation, Smoke indicated that loss figure could swell even more […] [Read More]

Your thumbprint isn’t just for your iPhone any longer. FIS and Equifax recently teamed up to improve consumer experiences by bringing new levels of convenience and security to consumers challenged with maintaining multiple usernames and passwords to protect themselves from financial fraud and identity theft. The two companies jointly now offer OnlyID, an identity verification […] [Read More]

This week, alternative credit data provider FactorTrust announced a partnership with predictive analytics and digital decisioning company, Enova Decisions, to integrate FactorTrust’s proprietary data into its Colossus digital decisioning platform. Executives highlighted the integration will strengthen Enova Decisions’ platform with additional proprietary data that will result in improved automated, real-time operational decisions for its customers. […] [Read More]

The AutoNation board of directors has approved the repurchase of up to an additional $250 million of AutoNation's common stock, the company announced in late August. Succeeding the increased authorization, AutoNation has approximately $270 million total board authorization remaining for share repurchases as of Aug. 29. Additionally, AutoNation said it has an estimated 95 million shares outstanding as of Aug. 28. The automotive retailer […] [Read More]

eBay Motors recently announced that it now offers online repair manuals as an add-on purchase when shoppers buy a part or accessory on eBay.com. Consumers have access to online repair manuals for over 80 percent of vehicles on the road, according to eBay. “With online repair manuals, we are taking the shopping experience one step […] [Read More]

The North Bay Business Journal has named AUL Corp. one of its ‘Best Places to Work in the North Bay’ for the fourth consecutive year. The award recognizes companies that embody quality, professionalism, respect, fairness, pride and camaraderie, according to how their own employees' rate them.  AUL and other award recipients were selected based on over 8,200 […] [Read More]