Instead of financing a new purchase, online used-car retailer Vroom chief revenue officer Scott Chesrown says a pre-owned purchase is an answer to a consumer weary of investing in a new-car and due to the rate of depreciation after just a few years. “When you purchase a pre-owned vehicle, especially, high-quality pre-owned cars at great […] [Read More]

Copart now has 200 physical location to facilitate its online salvage auction endeavors. The latest one came aboard on Thursday, representing the company’s 15th location in California. Copart opened its newest location in Wilmington, Calif., as now the company operates seven locations in southern California. “More than three decades ago, Copart opened its first yard […] [Read More]

Two firms — Haig Partners and Kerrigan Advisors — each shared upbeat reports about the “robust” outlook for dealership buy-sell activity. In fact, The Blue Sky Report from Kerrigan Advisors went so far as to say dealership buy/sell activity is set to rebound to record levels in 2017 as the firm released its analysis for […] [Read More]

In an effort to enhance the fourth Fleet Europe Remarketing Forum coming later this year, seven European wholesale market executives have been named to the Remarketing Advisory Board. Helping to craft the agenda and more for the event that’s set for Dec. 5 in in Estoril, Portugal, will be this group that represents rental and […] [Read More]

In December 2015, CarGurus announced the launch of its website in the United Kingdom, which marked the company’s first foray into Europe. And soon, you can expect to see a second European market added: Germany. In a March 13 phone interview with Auto Remarketing International, Sam Zales — who is chief revenue officer/president of international […] [Read More]

According to documents filed on Thursday with the Federal Reserve and the Securities and Exchange Commission, Santander Consumer USA and its parent's subsidiaries entered into a written agreement on Tuesday with the Federal Reserve Bank of Boston. Under the terms of the written agreement, SCUSA is required to enhance its compliance risk management program, board oversight […] [Read More]

On Thursday, the Consumer Financial Protection Bureau (CFPB) took action against Experian and its subsidiaries for what regulators said was “deceiving” consumers about the use of credit scores it sold to consumers. The CFPB said Experian claimed the credit scores it marketed and provided to consumers were used by lenders to make credit decisions. The […] [Read More]

Online used-car marketplace Shift has expanded to San Diego, the company said in a news release Thursday. According to its website, Shift is now available in six markets: Los Angeles; Orange County, Calif.; Sacramento; San Diego; its home base of San Francisco; and Washington, D.C. “We are excited to expand our operations in San Diego and give […] [Read More]

DRIVIN recently announced that on Monday it will be joining the Chicago Innovation Awards — an annual celebration of innovation success in the region — to ring the Closing Bell of the Nasdaq Stock Market in New York. The Chicago Innovation Awards said it arranged the event to emphasize the rise of innovation within the Chicago […] [Read More]

For the second time this week, a development came to light out of New Jersey that might be relevant to buy-here, pay-here dealerships nationwide. After BHPH Report highlighted how the industry scored a major legislative victory in the Garden State involving the use of GPS and starter-interrupt devices, a case decided by the New Jersey […] [Read More]