VisionMenu, a provider of software selling solutions to automotive and powersports dealers, recently released Remote F&I- a remote menu, disclosure and document signing web application that uses vSignature technology to control what a customer views on their smartphone and allows eSigning of any document. The company said the remote tool can give dealership F&I personnel […] [Read More]

Auto Remarketing is now accepting nominations for the Women in Remarketing Class of 2017. Don't miss the opportunity to honor the exceptional women of the used-car industry, who drive businesses such as auctions, consignors, dealerships, captive finance companies and more. The April 1 issue of Auto Remarketing will contain a special section designed to honor those women that […] [Read More]

At the NADA Convention & Expo, Spireon introduced its latest connected car solution — Kahu — the first connected car solution specifically designed for dealerships, according to the California company. Kahu is a smart add-on designed to provide dealers streamlined inventory and lot management that also offers car buyers location tracking and stolen vehicle recovery […] [Read More]

Penske Automotive Group has sealed the deal on its CarShop acquisition. The dealer group said in a news release Thursday it has completed its purchase of the U.K. used-car retailer. Penske expects CarShop to pull in about $340 million in annual revenue, and estimates accretion at $0.07 to $0.09 per share annually. Penske announced in […] [Read More]

Lithia Motors produced an 11-percent gain in same-store used-vehicle retail sales during both the fourth quarter and for the full year, according to the dealer group’s recently released financial statement. The company said it turned 28,715 used vehicles during Q4 and 113,498 used units during the calendar year, which represented year-over-year gains of 19.6 percent […] [Read More]

To conclude coverage from the Best CPO Dealers in the USA issue of Auto Remarketing, we share some certified pre-owned strategy from the top-selling Toyota CPO dealer as well as insight from a Volvo store that made the cut. Starting with Toyota, Auto Remarketing asked how dealers can increase CPO awareness among consumers, and which […] [Read More]

Beepi is reportedly dismantling. The Wall Street Journal reported this week that Beepi has spent $150 million in venture capital and will start liquidating assets to meet creditor obligations. A spokesperson on behalf of the online used-car retailer declined to comment when reached Friday via email by Auto Remarketing. At press time, Beepi’s website had a message referring visitors […] [Read More]

Vincentric has revealed the winners of its 13th annual Best Value in America Awards, which name brands and vehicles that provide cost-of-ownership value in various vehicle categories. Vincentric awarded Toyota two of its best value brand awards, one for  passenger cars and the other for SUVs/crossovers/vans. “Toyota delivered its impressive performance with eight different model-level […] [Read More]

Over five years, AUL Corp. has contributed $173,619.00 to 80 different non-profit organizations, according to the warranty and vehicle service contract administrator. AUL announced that it publicly disclosed its recent charitable contributions on Thursday. "At AUL, we believe that getting involved in charity programs contributes to strengthened professional skills, team building, thinking creatively, and contributes […] [Read More]

The latest auto ABS commentary from Fitch Ratings not only recapped analysts’ look at the December data but also delivered projections for what might happen in this space during the remainder of the year. Looking deeper at subprime auto loan ABS, Fitch is forecasting that annualized net losses in this tier to “stay elevated” in […] [Read More]