On Wednesday, NextGear Capital appointed an executive with more than 25 years of industry experience to be its vice president of credit. Taking on this role is Patrick Inks, who will be responsible for the quality and consistency of our underwriting and credit processes to drive profit and risk balance. "NextGear Capital continues to grow […] [Read More]

Online auto marketplace AutoWurld is now offering a free mobile service to sell used cars. The company contends the new tool allows dealers and consumers to list used cars for sale in 60 seconds or less. AutoWurld Mobile — available for iOS and Android — enables smartphone and tablet users to scan the vehicle VIN, import […] [Read More]

Leasing drives loyalty.   This was one of several benefits of the leasing boom mentioned by Experian Automotive’s Melinda Zabritski during an interview with Auto Remarketing at January’s NADA Convention & Expo, and new loyalty data released this week by IHS Automotive indicates this certainly came to fruition during the remainder of the first quarter. […] [Read More]

DealerSocket has a simple suggestion for dealerships going into the Fourth of July weekend: Man the phones and make sure managers have a formal appointment confirmation process in place. Why? DealerSocket data showed 93 percent of phone leads resulted in a scheduled appointment. From that point, the results could mean plenty of fireworks going off […] [Read More]

Fleet management provider LeasePlan USA recently announced is expansion plans, including the addition of several employees in departments across the company. Its two newest sales professionals include Lisa Carter and Roston Willis. Carter joins the company as vice president of client relations, regional accounts while Willis takes on the role of vice president of sales, […] [Read More]

With the exception or the premium sporty cars, which traditionally see a boost in price closer to the summer months, all car segments are seeing historically expected price declines in the lanes. That said, according to the latest Black Book Market Insights report, trucks continue to “defy” seasonal patterns, holding strong retention at auction. Overall, […] [Read More]

Dealer solution provider String Automotive has announced several staffing changes, including a new chief operating offer and senior vice president of customer success.  Appointed to that role was Jessica Chaset. In this position, Chaset will be responsible for the customer-facing facets of the company, including account management, customer support, sales and marketing. “As String grows and works […] [Read More]

DealerRater is now a National Member Benefit Partner of the National Independent Automobile Dealers Association, NIADA announced this week.  In this capacity, DealerRater will aim to help NIADA dealers “connect with active, in-market consumers,” according to DealerRater’s chief executive officer, Gary Tucker. DealerRater’s suite of solutions, including CertifiedEssentials, LotShot, Resolution Advantage, ServiceEngage and ReviewBuilder, will be available to […] [Read More]

The seemingly constant record-breaking sales is certainly one way to measure the success of the certified pre-owned market, but further evidence can also be found within the traction CPO is generating online. Take Autotrader, for instance. Used-vehicle listings on its website in May climbed 4 percent from the year-ago period, while certified pre-owned listings jumped […] [Read More]

Remarketing of America recently enhanced its risk management and loss mitigation services by partnering with National Creditors Connection Inc. (NCCI) to provide field contact services for finance companies nationwide. Officials explained this new service will be fully integrated with ROA MAXX, ROA’s proprietary AssetLink technology, enabling finance companies to access these services, along with all […] [Read More]