Proposals now are sitting before committees within both the New York Assembly and Senate that would restrict the use of license plate recognition technology only for law enforcement outlets, not for private businesses such as repossession agencies that might be involved in the recovery process for an auto finance company. Action in the Empire State’s […] [Read More]

Perhaps stable is the best adjective to describe the auto loan default readings included in the latest S&P/Experian Consumer Credit Default Indices. The March reading released this week by S&P Dow Jones Indices and Experian came in at 1.02 percent, which is 1 basis point lower than the same month last year and 3 basis […] [Read More]

Vehicle service contract and related finance and insurance product provider GWC Warranty finalized integration this week with defi SOLUTIONS Executives explained that GWC’s integration with defi SOLUTIONS means that auto finance companies and their dealers will be able to seamlessly process GWC vehicle service contracts through defi’s leading-edge Web-based lending system. “Integrating with a forward-thinking […] [Read More]

Beepi announced Wednesday that its used-car leasing program has officially gone live and is now available in each of the company’s 16 markets. That includes Houston, which Beepi added to its roster this week.  As reported earlier, Beepi is offering the leases through the Ally Pre-owned SmartLease product launched in late March. “Beepi is all about […] [Read More]

Of the nine car segments that Black Book tracks, luxury cars showed the greatest price decline last week. Their dip in prices (0.55 percent) was more than twice the overall percentage decline for the nine car segments (0.22 percent). In a recap of the Black Book Market Insights reports, Black Book poses this question, which […] [Read More]

It didn’t take long for the auction business to capture Kay Hudson’s attention. “After my first auction sale, I was hooked: the pace, sale day excitement, the energy,” Hudson said. “It was incredible and I wanted to do more.” To say Hudson did more would be an incredible understatement. Having worked 13 years with a […] [Read More]

It seems like everywhere you turn, there is an immense amount of conversation and pressure to drop your current dealer marketing strategy and throw all your eggs into a new basket, such as direct marketing, social or mobile. These “wave of the future” strategies have promise, and there’s even some decent ROI associated with each. […] [Read More]

When Auto Remarketing asked Susan Hughes a series of questions about her industry experiences, the senior lender solutions manager at Black Book mentioned three different people for a variety of different reasons. Hughes first mentioned Jeannie Chiaromonte, who heads up remarketing at Bank of America and is a past Women in Remarketing honoree. Hughes summarized a […] [Read More]

Martha Garcia-Perry is an observer of her environment. The behavior is part of one of her favorite non-automotive activities — hiking and mountain climbing — and it also sparked her interest in what has turned into a productive career in automotive logistics. “While in college, I toured both the Chrysler Jeep Assembly Plant in Detroit […] [Read More]

The first quarter marked the first year-over-year decline in NADA Used Car Guide’s measure of used-vehicle prices in about seven years. And if this keeps up, used values will fall on an annual basis for the first time since 2008. NADA Used Car Guide said in a news release accompanying its monthly Guidelines report that […] [Read More]