Why is it that it can sometimes takes dramatic events to cause real change? Are we stubborn, arrogant, greedy — or just slow to change? Take, for example, the sales and service relationship in a typical auto dealership. With rare exception, sales and service not only don’t communicate, but they don’t even like each other. […] [Read More]

A consumer survey released by MINI USA on Friday found that nearly half of U.S. consumers plan on going electric with their car purchase by 2028. And some used-car shoppers, it appears, are already jumping in. CarMax said in its Spring 2023 CarMax Electric Vehicle Consumer Report released Monday that search volume for the term […] [Read More]

J.D. Power Valuation Services and Work Truck Solutions each shared insights about what’s happening in connection with commercial vehicles within both the wholesale and retail segments. Beginning with J.D. Power Valuation Services’ look at auction activity in March, analysts said sales volume with commercial units increased notably, with most trucks sold showing higher-than-average mileage. As […] [Read More]

Times are changing. That’s true for the entire auto industry. And it’s no different for the reconditioning segment. Auto Remarketing spoke with a collection of recon and auction leaders to get the pulse on today’s challenges and opportunitites in the segment. The year kicked off with ... [Read More]

Most industries today have felt the pains of an across-the-board labor shortage after the COVID-19 pandemic wreaked havoc on industries across the board. The labor shortage in the reconditioning and service departments was a challenge long before the outbreak of the COVID pandemic. This just made it even worse. That’s apparent from Auto Remarketing’s conversations with recon execs and leaders in March, who all vocalized how difficult it is to find quality recon workers that have the potential for long-term employment. Many candidates ... [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Jennifer Orvik, who is Ford account manager, Pacific Northwest at McConkey Auction Group/DAA Northwest. What is the top trend you’re watching in remarketing/wholesale automotive this […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Deb Lubinski, senior account executive, remarketing services, Ally Financial/SmartAuction. What is the top trend you’re watching in remarketing/wholesale automotive this year? The most significant […] [Read More]

Last Wednesday, the Auto Intel Summit featured a panel discussion about how blockchain could help the automotive industry. A day later, just such a development surfaced involving the financing component. In a move that experts said should help finance companies and other lenders make better, more informed decisions on credit applications submitted using blockchain technology, […] [Read More]

Last week F&I Sentinel announced that it has entered into an agreement with Exeter Finance. According to a news release, the agreement provides Exeter Finance with F&I Sentinel’s comprehensive end-to-end F&I product platform to ensure that F&I products financed by the company that specializes in the subprime space are compliant with all requirements. “We’re proud […] [Read More]

Inovatec Systems reinforced its leadership team last week for the second time in less than a month. The provider cloud-based software solutions for finance companies announced that it has appointed Veljko Velickovic as Inovatec’s new head of solution delivery. In this capacity, Velickovic will be responsible for the seamless implementation and delivery of Inovatec’s LOS, […] [Read More]