Your buyer has scoured the auctions for quality pre-owned vehicles — both in-lane and online — and your dealership now has a great stock of used inventory. Well, almost; the cars still have to make it through reconditioning to be front-line ready, and any dealer knows this can be time consuming. And of course, this can […] [Read More]

Auto Remarketing and SubPrime Auto Finance News on Tuesday highlighted the winner of this year’s Re3 Executive of the Year Award, which is being presented by Consolidated Asset Recovery Systems. This year’s winner is Scott Phillips, who is vice president of credit risk and business process at Lendmark Financial Services, which was founded in 1996 […] [Read More]

Millennium Capital and Recovery continued its series of strategic additions to its executive management team by recently tapping Jeffrey Marsh as chief business development officer. The company emphasized Marsh’s addition further demonstrated Millennium’s commitment to current and future clients through the continued strengthening of its leadership team with Steve Todd serving as senior vice president […] [Read More]

For the past four years, Auto Remarketing has published a magazine each February that recognizes the best-selling certified pre-owned dealers in the U.S. Essentially, the top 10 CPO dealers for each participating program (based on the previous year’s sales) are recognized. Bill Luke Chrysler Jeep Dodge & Ram did not make its automaker’s top 10 […] [Read More]

CUNA Mutual Group recently told attendees during the sixth annual Discovery Conference about the five primary elements credit unions must address if they plan to originate more vehicle installment contracts with subprime borrowers. CUNA Mutual Group director of loan growth products Steve Hoke pointed out that millions of subprime borrowers are entering the market for […] [Read More]

Without necessarily having to be too aggressive with underwriting to consumers lower down the credit spectrum, Ally Financial emphasized that it remains on track to reach its goal for originations this year despite the headwinds of not collecting as much business from direct relationships with General Motors and Chrysler. The objective of hitting $40 billion […] [Read More]

DocuSign and Visa recently showcased a new proof-of-concept that is geared to bring together secure contracts and payments made online via connected vehicles. The DocuSign demo highlights how consumers can drive a vehicle off the lot in a matter of minutes after securely signing all documents and paying electronically right from the driver’s seat. The […] [Read More]

Group 1 Automotive, like many of its peers in the dealer group world, has seen used-vehicle volumes continue to blossom. Or as one analyst put it during the retailer’s recent quarterly earnings conference call, it seems the used volumes for dealers may still have more room for “acceleration” than the new-car side. A big part […] [Read More]

Results from eBay Motors’ Future of Automotive Shopping Survey show that nearly 70 percent of consumers have searched for dealership information via their mobile device. Company officials also pointed out the survey findings indicated consumers — especially younger drivers ages 18 to 29 — expect technology be used to enhance the vehicle-buying experience and are more […] [Read More]

Given the incredibly connected reality of today’s technology infused business practices, it might be difficult for dealers to track just exactly where data from their company — and their customers — is traveling. CDK Global hopes to help with that through its free Dealer Data Exchange product. Designed to give dealers more visibility into the flow of their […] [Read More]