Loyalty marketing event company Shift Marketing Studio — which specializes in campaigns targeted to franchised dealers — announced it has expanded its portfolio with new marketing solutions. The company said the enhanced version of its Upgrade Sale platform is available, as well as its new product, Community Countdown, a conquest marketing solution. The new version […] [Read More]

Subprime Analytics, which provides computerized portfolio analysis and metrics used to evaluate subprime auto finance underwriting performance and practices, formed a strategic alliance with Vincentric on Monday in an effort to help buy-here, pay-here dealerships. Vincentric provides data, knowledge and insight to the automotive industry by identifying and applying the different aspects of automotive ownership […] [Read More]

Lithia’s leadership has been long touting a goal to average 75 used-vehicle sales per store per month. At the end of the first quarter this year, the group was sitting at roughly 57 units per store. By the end of September, Lithia’s monthly average has seen a solid gain. “On a 12-month rolling average, we […] [Read More]

KAR Auction Services has hired former Hyundai Capital America executive Amy Bouck as executive sales director of ADESA. Bouck, who is a 2015 Women in Remarketing honoree, will manage several major national sales accounts, both at ADESA physical auctions and within the online space, the company said.  She will report to vice president of sales […] [Read More]

Following a public comment period, the Federal Trade Commission recently approved a final consent order against BMW of North America, whose Mini division allegedly violated the Magnuson-Moss Warranty Act by telling consumers that the automaker would void their warranty unless they used Mini parts and Mini dealers to perform maintenance and repair work. In March, […] [Read More]

Twenty-six hundred stores. As Auto Remarketing reported earlier this year, that is the number of dealerships nationwide that Lithia Motors' president and chief executive officer Bryan DeBoer maintains his company has on his radar as potential acquisitions. With three third-quarter acquisitions under its belt, one of which includes the only Acura store in Honolulu, DeBoer said the […] [Read More]

Sorry, fellow “Back to the Future” fans. No flying cars (yet). But take heart. Here’s a vehicle-related prediction for 2015 that has a more immediate impact: The year will finish with more than $1.2 trillion in combined revenues from used- and new-vehicle sales, according to TrueCar. In an entry to the company’s Insights blog (published, […] [Read More]

AFS Acceptance chief executive officer Dov Szapiro explained why his company’s decision to sell 65 percent of its equity to Mexican finance institution Credito Real “could not have occurred at a better time.” With growth expectations stemming from originations as well as possibly buying portfolios from related finance companies buy-here, pay-here dealers might have, Szapiro […] [Read More]

The auto loan default rate for September ticked up 2 basis points on a sequential basis but remained 9 basis points lower than a year earlier. The September reading also was just 7 basis points above the all-time low established this summer. Data through September released this week by S&P Dow Jones Indices and Experian […] [Read More]

F&I Express announced this week that it will provide its dealer clients with access to products from the Penn Warranty Corp. through F&I Express’ eContracting platform. Through this new relationship, dealers using the F&I Express eContracting platform will have the ability to sell Penn Warranty service plans, which offer a wide range of coverage options. […] [Read More]