From lawmakers to law firms, Equifax now is in the middle of a financial hurricane as the credit bureau announced late on Thursday that a cybersecurity incident potentially impacted approximately 143 million U.S. consumers. In its announcement, Equifax said criminals exploited a U.S. website application vulnerability to gain access to certain files. Based on the company’s […] [Read More]

August was a hot month for automotive brands and their certified pre-owned vehicle sales in Canada. Audi, for example, had its best-ever CPO month, moving 974 units in Canada. That beat year-ago figures by 59 percent. Through eight months, Audi is up 26 percent with 5,705 sales. Mercedes-Benz had its strongest August on record for CPO, […] [Read More]

AutoAp has developed a new assessment survey that provides dealers with a current safety recall liability score and specific recommendations regarding needed improvements to reduce safety recall liability at their dealerships. With the report, dealers can gain an understanding of how they compare to the industry average and dealers with effective safety recall management processes. “Dealers tell […] [Read More]

This week, vehicle service contracts administrator AUL Corp. announced the executive promotions today of Bryan Nieves to vice president of national accounts and Henry Paoli to national sales manager. According to Jason Garner, AUL’s senior vice president of sales and business development, both promotions are effectively immediately. Nieves was previously national accounts manager, a position […] [Read More]

KAR Auction Services chief economist Tom Kontos spent the past few days poring over data and information that he’s encountered in connection with Hurricane Harvey; a storm meteorologists are calling a 1,000-year flood event. Kontos explained in a special edition of the Kontos Kommentary there are four primary considerations for the automotive industry to understand […] [Read More]

We are back in the studio this week. And in this episode, Joe chats with Serge Vartanov, chief marketing officer of AutoGravity, one of the key players in fintech and digital disruption in auto finance. Check out their conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the […] [Read More]

This year marked the best second quarter ever for the used-car market and the first time there has been more than 10 million used-car sales in Q2, according to Edmunds. Franchised dealers sold 2.95 million used cars during the quarter, and slightly more of those were certified pre-owned than in the same period of 2017, […] [Read More]

As summer has gone along, bankruptcy filings are on the rise. The American Bankruptcy Institute highlighted a double-digit sequential rise in total filings during August as compared to the previous month. According to data provided by Epiq Systems, total U.S. filings came in at 68,117 in August, up 11 percent from the July total of […] [Read More]

automotiveMastermind technology users can now choose to deliver prescreen credit offers via Equifax’s real-time credit-based solution PowerLead Offer, the company announced Thursday. The behavior prediction technology provider has partnered with Equifax to integrate PowerLead Offer data to generate personalized, micro-targeted prescreen offers for dealers' customers. PowerLead Offer can be used with browsing shoppers visiting the dealership […] [Read More]

Mercedes-Benz Canada has opened the doors to Mercedes me Store Markham, its newest retail space at the CF Markville shopping mall, the group announced Thursday. The new store is designed to provide customers a new way to interact and experience the brand, Mercedes-Benz Canada said. “People may be surprised to see Mercedes-Benz in a shopping […] [Read More]