General Motors Financial president and chief executive officer Dan Berce offered some noteworthy details about the finance company’s subprime business even though more and more of its originations and outstanding portfolio balances are attached to installment contracts and leases associated with prime consumers. GM Financial closed the year with 18 percent of its originations being […] [Read More]

In anticipation of FICO World 2016, FICO principal consultant Julia Wooding will host the opening segment of a webinar series where the company will delve into recent advances in credit scoring. Wooding plans to discuss the latest updates associated with FICO Score 9, FICO Score XD and FICO Score Open Access during a free webinar slated […] [Read More]

Coming on the heels of brokering an expanded relationship with Ally Financial for its floor-plan financing, Carvana recently teamed up with Delta Community Credit Union, one of Georgia's largest credit unions. By working with online vehicle retailer Carvana, Delta Community can offer its members access to Carvana's nationwide inventory of certified pre-owned vehicles coupled with […] [Read More]

A big part of the job at Auto Remarketing and of most any news organization is to keep tabs on public relations newswires. It’s a good way to learn about new companies, learn what businesses are up to and perhaps even get a bit of analysis. One bit of PR information we see quite often […] [Read More]

The Northwood University/Cox Automotive Interactive Dealer Summit is coming up Thursday at the university’s campus in Midland, Mich.  The event designed for networking and to spark important discussion surrounding marketing and retailing trends in the industry. It’s scheduled for from 8:30 a.m. (ET) to 5 p.m. on Thursday in the university’s Griswold Communication Center.  The summit […] [Read More]

The nation’s franchised dealership network continued what has been a “new normal pattern of stability” following the auto downturn at the end of the 2000s. Urban Science released its 2015 year-end Automotive Franchise Activity Report on Monday, finding that the 18,087 franchised dealership rooftops at the end of the year beat prior-year figures by 0.7 percent. There were […] [Read More]

BSC America president R. Charles Nichols recently announced the promotion of Chuck Wenzel to the position of sales director for the company’s specialty division. Wenzel, who previously served as assistant general manager at Bel Air Auto Auction, will be in charge of powersports, boats and RVs as well as truck and equipment sales with BSC’s […] [Read More]

Last month’s auction sales volume accelerated from December, but still was softer than the year-ago period. That’s according to the February Guidelines report from NADA Used Car Guide, which said there were 322,200 vehicles 8 years old or newer sold at auction during the four weeks ending Jan. 25. That beat the prior month by 38 […] [Read More]

If you’re embracing technology as a dealer, you’re likely already swimming in a sea of acronyms. You’ve got your CRM. Your DMS. You’ve got things covered from SEO all the way to F&I. But perhaps a lesser known acronym, VRM, or vehicle relationship management, seems to have a bit more vague definition depending on whom […] [Read More]

Auto Remarketing will be running its semiannual Spotlight on Commercial Consignors in our March 15 print publication, but with some important changes to how the listings are being compiled. If you are a commercial consignor and would like your company included in this FREE listing, you must provide all of the following to Auto Remarketing by Feb. 26 — even if you have […] [Read More]