Repossession and remarketing now have international implications for one provider, as it announces the expansion of its services. On Monday, risk management and loss migration provider Remarketing of America announced that as of this month, it will provide comprehensive vehicle repossession and remarketing solutions throughout Europe. “During the last six months, our team has developed […] [Read More]

This week, Black Book editorial director Ricky Beggs sat down with International Automotive Remarketers Alliance president Levi McCoy, and IARA executive director Tony Long for the second time to discuss developments in the pre-owned market, including multiplatform selling.   This week’s “Beggs on the Used Car Market” video report touched on insight from the two […] [Read More]

GrooveCar, a national vehicle-buying resource for credit unions, recently indicated that GrooveCar’s AppTrac System will now connect to the Dealertrack Credit Application Network. According to GrooveCar, the Dealertrack Network will also be an integral part of GrooveCar’s future nationwide expansion plans. Through the expanded process, credit unions using GrooveCar will receive credit applications in their […] [Read More]

Equifax recently signed an agreement with the National Independent Automotive Dealers Association to be a National Member Benefit Partner. Through this relationship, Equifax will provide NIADA-member dealers access to the next generation of tools and information to help them deliver vehicles including its recently upgraded online portal focused on improving a dealer’s ability to facilitate […] [Read More]

Fifth Third Bank acknowledged in its most recent filing with the Securities and Exchange Commission that it’s being investigated by the Department of Justice about its indirect auto loan business. According to the company’s Form 10-Q, officials said they are “cooperating with an investigation by the Department of Justice to determine whether the bank engaged […] [Read More]

Along with giving executives another opportunity to complete the first module of its compliance certification program, the National Automotive Finance Association is rolling out one of its best lineups ever for its annual conference later this month. The NAF Association acquired 25 percent more conference space to accommodate more programs, sessions and expansion of the […] [Read More]

As AutoCanada announced strong financial results for the first quarter, the company highlighted one area, in particular, that contributed to an overall dealership revenue increase of 28.2 percent: used-vehicle sales. Q1 was an extremely strong quarter for pre-owned, as the company’s used-vehicle revenues increased by 37.2 percent year-over-year. Driving this revenue spike was a 30.8-percent […] [Read More]

As nearby General Motors continues to be impacted by recalls, its two chief rivals in the Motor City revealed substantial recalls of their own Friday. Starting with Chrysler Group, its two actions impact around 784,000 units, the overwhelming majority of which are in a recall connected to power window-vent switch modules. In that particular action, […] [Read More]

Kelley Blue Book is making a change. Not so much in the sense of how it operates or what it offers, but a change in focus. Having already made great strides on the consumer side, KBB’s leadership said the company has decided to put more focus on its data syndication efforts within the industry side […] [Read More]

Following loss and severe damages from recent tornadoes, the employees of one ADESA auction took it upon themselves to help their neighbors. Raising nearly $60,000 with an auction to benefit area tornado relief efforts was ADESA Little Rock. Sale proceeds were donated to the American Red Cross of Greater Arkansas. “Almost everyone knows someone who […] [Read More]