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New FTC rule delayed by dealer activity in federal appeals court
Friday, Jan. 19, 2024, 10:22 AM
SubPrime Auto Finance News Staff
Dealers will get their time in court. Late on Thursday, the Federal Trade Commission issued an order postponing the effective date of the Combating Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending from the National Automobile Dealers Association and the Texas Automobile Dealers Association in the U.S. Court of […] [Read More]
Dealers United brings in two VPs to head expansion of digital marketing services
Thursday, Jan. 18, 2024, 01:02 PM
Auto Remarketing Staff
Dealers United announced plans for expansion of its services as well as two new executives to lead those initiatives. The provider of digital marketing for dealers has added Dale Hewett as vice president of search, who will lead the company’s new search engine marketing and search engine optimization solutions, using organic and paid strategies. Hewett […] [Read More]
Retail My Ride launches new program to expand dealers’ vehicle sourcing options
Thursday, Jan. 18, 2024, 12:23 PM
Auto Remarketing Staff
Retail My Ride, an online network of independent retail consignment dealerships, has launched Bulk Retail Consignment, a program designed to provide select auto dealerships with exclusive access to institutional sellers’ best vehicles. Retail My Ride said it has partnered with a large consignor company to sell its national clients’ late-model cars, trucks and SUVs on […] [Read More]
Despite somewhat soft finish, used-car sales better than expected in 2023
Thursday, Jan. 18, 2024, 11:51 AM
Joe Overby, Senior Editor
When your favorite college basketball team wins an ugly game against an in-state rival, you may not love the bumps and bruises it took to get there, but you’re certainly happy with the outcome. Same goes for the used-car market, it seems. Despite a slowdown from the prior month and the heights reached in the […] [Read More]
Context around Top 10 locations with highest unemployment
Thursday, Jan. 18, 2024, 11:07 AM
BHPH Report Staff
FormRush distributed some intriguing unemployment analysis that might help buy-here, pay-here operators and special finance departments at other dealerships with their underwriting and collections efforts, especially in 10 locations. Susy Bento is the senior data scientist at FormRush, which provides a range of legal document templates tailored to various needs. On Thursday, Bento shared findings […] [Read More]
COMMENTARY: Why lenders should leverage the power of multi-channel digital communications
Thursday, Jan. 18, 2024, 10:38 AM
Andres Huertas, Conecta Marketing Group
Digital marketing of lending products is an area that not only has bigger regulatory compliance — CFPB, FCC, states, you name it — but also bigger scrutiny from companies like Google and Facebook. (They even have a unique set of rules for lending). Just two weeks ago, I helped a client who had a marketer […] [Read More]
Wholesale vehicle prices fairly steady last week in Canada
Thursday, Jan. 18, 2024, 09:53 AM
Auto Remarketing Canada Staff
After falling by an average of over 1% the week prior, wholesale vehicle price depreciation was steady the week ending Jan. 13, according to the latest report from Canadian Black Book. The report said prices last week fell 0.51%. In the last week of 2023, they depreciated 0.55%. As for the past week, CBB said […] [Read More]
Study finds young buyers want option to buy insurance along with their car
Wednesday, Jan. 17, 2024, 04:01 PM
Auto Remarketing Staff
Young car buyers want it all. According to the 2024 Embedded Auto Insurance Study, conducted by embedded automotive insurance marketplace Polly, Millennials and Generation Z consumers don’t want to just shop for insurance — they want insurance to be part of the car-buying process. The survey of more than 1,000 consumers who had purchased a […] [Read More]
J.D. Power Auto Summit to delve into OEM challenges, EV market & more
Wednesday, Jan. 17, 2024, 03:20 PM
Sarah Rubenoff, Correspondent
The 2024 J.D. Power Auto Summit, set for Feb. 1 in Las Vegas just ahead of NADA Show 2024, will arm attendees with a better view of how to attack and stay competitive in today’s ever-changing auto industry, event organizers say. Auto Remarketing spoke with Doug Betts, president of the automotive division of J.D. Power, […] [Read More]
Dealer Services Network makes second acquisition this month
Wednesday, Jan. 17, 2024, 02:56 PM
Auto Remarketing Staff
Dealer Services Network (DSN) announced its second acquisition so far this month. On Tuesday, the technology-enabled provider of title and registration services acquired Express OMV, further strengthening its position in the private tag agency space. With this strategic move, DSN has expanded its network of tag agency locations to 18 across Louisiana, reaffirming its commitment […] [Read More]
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