Two experts in digital marketing said one of the best elements of this dealership tool that helps move more metal and keep the service drive flowing is how it can be measured. Those same two experts with whom Auto Remarketing visited during this year’s NADA Convention & Expo also acknowledged that one of the challenging […] [Read More]

The NAAA’s Warren Young Sr. Scholastic Foundation has awarded $52,000 in scholarship money to 12 students. The National Auto Auction Association established the nonprofit foundation in 2004 and named it in honor of industry pioneer Warren Young Sr. Winners are selected on the basis of academic success, leadership skills, honors, goals, work experience and community involvement. […] [Read More]

Charleston Auto Auction has teamed up with dealers to help provide homeless high school students with a place to live. So far, more than $6,000 has been raised for the H.O.M.E. Project at Stall High School, which is seeking to purchase a house to be used as a shelter. “I have heard some stories that […] [Read More]

The auction industry has a strong history of cooperation that has led to visionary and long-term successes. AutoCheck, simulcast, AutoIMS and AuctionNet being typical examples, along with the NAAA, our long-term and solid association. Past leaders looked at the broader picture that would create strength across the entire industry, which would then provide a solid […] [Read More]

So here’s a statistic you might find alarming. Seventy percent of cars displayed for sale online have missing or improperly described factory option information, says Ned Nielsen, chief executive officer of MonroneyLabels.com.This finding is based on the company’s own internal research when it was building MonroneyLabels.com, Nielsen told Auto Remarketing.  This can lead to dealers […] [Read More]

The American Recovery Association recently highlighted the enhanced performances that members who participate in the exclusive ARA insurance program enjoy. ARA indicated these members have an average loss ratio 20 percent below the industry average. The association explained this program-wide loss ratio allows a dividend back on insurance premiums for all program participants. The exclusive […] [Read More]

A double-digit rise year-over-year in what TransUnion classifies as serious delinquencies above a level not seen in five years might prompt pessimistic auto finance observers and executives to reduce originations immediately and turn up the intensity in collections in hopes of keeping as many installment contracts current as possible. When SubPrime Auto Finance News spoke […] [Read More]

Manheim has promoted three people with a combined 55 years of experience with the company to general manager positions. Kevin Cook (Manheim North Carolina), Jesse Nelson (Manheim New York) and Bonnie Williams (Manheim South Houston) assumed their roles on May 2. “These new general managers know the ins and outs of the dealer business, after […] [Read More]

F&I Express recently finalized an integration with First Equity Payment to better serve their dealership clients by fully integrating their eContracting capabilities. F&I Express has aggregated a network of more than 110 automotive aftermarket insurance providers in an online portal accessible by its dealers. “First Equity Payment is an acknowledged innovator in automotive payment processing,” […] [Read More]

Manheim has expanded to Quebec City, making it the company's second auction in province of Quebec and its sixth in Canada. “By expanding our inventory service offerings in Quebec City, we will be able to better support our clients, adding value and convenience,” Maria Soklis, president of Cox Automotive Canada, said in a news release. Manheim […] [Read More]