LegalShield likely wasn’t surprised when bankruptcy filings increased year-over-year for the 19th consecutive month in February. That’s because the platform provider for legal, identity, and reputation management services said its January Consumer Stress Legal Index (CSLI) showed a nearly four-year high in bankruptcy inquiries. John Saltarelli, a LegalShield provider attorney in Texas, cited three prevailing […] [Read More]

About a month before the company welcomed Sharon Mancero as part of its management team, Agora Data CEO Steve Burke made time for the Auto Remarketing Podcast at NADA Show 2024 in Las Vegas. Burke shared his assessment of the financing and securitization markets and how Agora Data is diversifying its offerings. Listen to the […] [Read More]

The “dramatic” declines in used electric vehicles last month no doubt caused some head-scratching for those in the business of remarketing or retailing these cars, but the near 32% drop may open up some opportunities for consumers and dealers alike. The average price of a 1- to 5-year-old used electric vehicles in February was $30,904, […] [Read More]

Vehicle service technology company Vehlo announced it has acquired Shop-Ware, a cloud-based shop management platform catering to independent repair shops in the automotive aftermarket. Vehlo said Shop-Ware’s methodology in addressing industry requirements through automation and cloud-based solutions “stands out” in the market, citing the DVX customer communication interface that supports digital media, live chat, online […] [Read More]

Continuing our conversations from NADA Show 2024, Cherokee Media Group’s Joe Overby catches up with Chance Mayfield and Justin Neiser of Carfluent, a provider of artificial intelligence-driven software that helps dealers create bilingual vehicle listings. In this episode of the Auto Remarketing Podcast, Mayfield and Neiser share the inspiration behind the company, how the software […] [Read More]

Auto dealers still don’t like the look of the current market for vehicles. But now there’s a hint of optimism about the near future. The Cox Automotive Dealer Sentiment Index for the first quarter of 2024 shows dealers’ view of the market has improved only slightly, up to 42 (out of 100) from Q4 2023’s […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024, ACV CEO George Chamoun returns to the program to talk about sourcing inventory from consumers, ACV’s “TEC Talks,” growth areas for the company, its work with a.i.m. recon and much more. Listen to his conversation with Cherokee Media Group senior editor […] [Read More]

Flexcar is bringing its vehicle subscription service to Rhode Island. The company announced consumers in the Providence area can now sign up for monthly subscriptions, choose their vehicle and have it delivered to their home. Flexcar chief operating officer Ryan Quinlan said while Rhode Island residents drive an average of less than 10,000 miles per […] [Read More]

Wolters Kluwer and Informed.IQ want to simplify and streamline the complex landscape of automotive financing. So, Wolters Kluwer Compliance Solutions has agreed with Informed.IQ to distribute an automated technology solution designed to modernize the auto-finance lifecycle by using digitized processes and artificial intelligence. The offering utilizes Wolters Kluwer’s eVault capabilities with Informed.IQ’s AI copilot solution […] [Read More]

Cherokee Media Group asked Jessica Caldwell of Edmunds about negative equity during a conversation at NADA Show 2024 in February. Caldwell immediately replied, “Right now, that is a yikes.” The latest Edmunds Used Vehicle Report released on Wednesday added more specifics as to why Caldwell offered such a reaction. Edmunds indicated 20.4% of new-vehicle sales […] [Read More]