While praising financing companies for their underwriting prowess, TransUnion’s latest auto report — viewed one quarter in arrears to ensure all accounts are included in the data — showed notable origination growth in the subprime risk tier. Contracts extended to subprime buyers — those consumers with a VantageScore 3.0 credit score lower than 601 — […] [Read More]

Last week, Auto Remarketing recapped a DealerRater and J.D. Power study — the 2015 PowerRater Consumer Pulse — that breaks down the respective percentages of new-car shoppers that want the salesperson to be a negotiator, educator and facilitator. But what about used-car shoppers? DealerRater shared those numbers with us on Tuesday. And they’re not all that different from the new-car […] [Read More]

KAR Auction Services announced Wednesday that it has promoted Carolyn Bogan to the position of vice president of KAR’s IT Shared Services. Bogan, who joined KAR in September 2013 as the director of support services, is now responsible for the oversight and strategic vision of all workplace services and will serve as the main contact for […] [Read More]

Black Book announced Wednesday it now has a mobile application designed for Spanish-language speakers. Black Book Digital en Espanol, a mobile application for Spanish-speaking dealers, remarketers and other automotive professionals, is a Spanish-language version of the company’s mobile application that provides the latest vehicle valuation data. Black Book cited the most recent Hispanic Business Automotive […] [Read More]

As summer nears, prices in the lanes tend to take a turn downward — a trend most dealers and wholesales are used to, and one that is rearing its head again this year as we approach June. And this rings especially true for the car segments at auction. According to the latest Black Book Market […] [Read More]

NADAguides.com announced Wednesday it has added various tools for motorcycles, RVs and boats, among others, to its mobile site. The tools will include access to pricing, specifications and other various tools for these other types of vehicles. Consumers accessing the site on a mobile device will now have unlimited access to suggested list price, low […] [Read More]

It may be a bit early to tell what the ceiling is for annual certified pre-owned sales, but here’s a good sign that Edmunds.com director of industry analysis Jessica Caldwell shared with Auto Remarketing on Wednesday. As CPO inventory volume continues to grow and the segment becomes more of a household name, she said, consumer […] [Read More]

NextGear Capital, which launched in Canada back in 2013, has opened a new office up north. The company held a ribbon cutting ceremony last week to recognize the opening of its new Mississauga, Ontario office.   The new space is 12,000 square feet, and will be used to house the company’s customer service center and […] [Read More]

Cars.com said Tuesday that the site has reached a new milestone: 1 million consumer-generated online reviews of dealerships. The company launched the review feature four years ago. “We're proud to reach 1 million reviews for our dealer customers. It shows just how engaged Cars.com shoppers are during the dealership visit and the value they put […] [Read More]

GM Financial has named its 2014 Auction of the Year as part of its nationwide Auction of Excellence program, announcing Rawls Auto Auction as the annual winner. This marks the third straight time and sixth overall that Rawls has earned this distinction from GM Financial, having also received the award for 2006, 2009, 2010, 2012 and […] [Read More]