ADESA’s auction at the NADA Convention and Expo on Saturday raised $94,423 for the NADA Foundation’s Frank E. McCarthy Memorial Fund, which supports Canine Companions for Independence — a non-profit organization that provides people with disabilities highly trained service dogs. “We asked dealers and attendees to bid high in honor of the 100th anniversary of […] [Read More]

During last week’s industry festivities in the Big Easy, Equifax rolled out solution enhancements with a trio of other service providers — Fiserv, Digital Matrix Systems and Dominion Dealer Solutions. First, Equifax and financial services technology solutions Fiserv collaborated on an interface between The Work Number provided by Equifax Workforce Solutions and Fiserv's Automotive Loan […] [Read More]

RouteOne unveiled a pair of solutions aimed at helping dealerships and finance companies complete vehicle deliveries and documents in the showroom or wherever the purchaser might be. On Monday, RouteOne launched remote document delivery; what the company explained is a new technology that can securely and compliantly give consumers electronic access to their eContracted documents. […] [Read More]

The second major development involving Auction Broadcasting Co. came to light late on Friday. Xcira announced that it has acquired the intellectual property and certain personnel associated with ABC’s auction management system. Xcira highlighted this acquisition will allow the company to expand its offering significantly in the auction industry, positioning the firm to offer an […] [Read More]

Cox Automotive insisted 2016 brought good news for almost every segment of the industry. Analysts pointed out that highlights included accelerating used-vehicle sales, a record-high 17.5 million new-vehicle sales and a growing number of services and support products that are dramatically improving the efficiency of the automotive marketplace — from retail to remarketing.   These trends […] [Read More]

Auto Remarketing learned on Friday afternoon that America’s Auto Auction is growing to 19 locations through the acquisition of Auction Broadcasting Co. America’s Auto Auction president and chief executive officer Ben Lange confirmed in a statement to Auto Remarketing that the deal is effective immediately. “America’s Auto Auction is proud to announce the acquisition of Auction […] [Read More]

While multiple projections have new-vehicle sales off to a somewhat sluggish start, the forecasts for used-vehicle sales in the opening month of 2017 offer much more upbeat expectations. Edmunds estimated 3.1 million used vehicles will be sold in January, which could computed into a seasonally adjusted annual rate (SAAR) of 38.4 million. Both of those […] [Read More]

CarStory, a provider of search and inventory data and analytics on used vehicles, announced recently that Hyundai Motor America will now use CarStory Market Reports to showcase the certified pre-owned inventory listed on its website at hyundaicertified.com. “At Hyundai, we’re always looking for ways to better convert online CPO shoppers into sales and CarStory’s independent reports do just […] [Read More]

Whether it’s during an industry-wide conference or in one-on-one client sessions, finance companies often pepper Anil Goyal with questions. The senior vice president of automotive valuation and analytics for Black Book mentioned some common ones such as, “Can you tell me why this segment is performing well? Why not? Where is the supply or demand? […] [Read More]

This week, alternative credit data provider FactorTrust finalized a partnership with White Clarke Group, which has automotive and asset finance software for retail, floorplan and fleet. The companies highlighted auto finance service providers who utilize White Clarke Group’s CALMS loan management solution will have access to FactorTrust’s alternative data in an effort to give underbanked […] [Read More]