We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a presentation and discussion with Holly Balogh and Stamatis Ferarolis of RISC titled, “Improve Repossession Percentages Through Managed Direct Compliance.” Listen to the episode in the window below. [Read More]

On Tuesday, RouteOne introduced what it called RouteOne On-Demand, a suite of application programming interface (API) services that are designed to power enterprise-level digital retailing solutions. The company highlighted RouteOne On-Demand can enable the digital future of automotive retail with “unparalleled efficiency, flexibility, and customization capabilities to help deliver a modern, secure, compliant, and consumer-centered […] [Read More]

This week, Alfa rolled out the second of six technology releases that make up Alfa Systems 6, what the company called a “breakthrough” iteration of the Alfa Systems software platform. The second piece is Total Originations, which the company said is an advanced originations product designed specifically for the U.S. auto finance sector. Covering direct […] [Read More]

Nordis Technologies named Manjinder Singh as its new chief information officer on Wednesday. The provider of omnichannel customer communications management and payments technology solutions said Singh will lead the company’s digital, information technology, and information security strategies and development. “Manji brings proven expertise in delivering technological advancements, aligning IT initiatives to drive business goals, and […] [Read More]

Nowlake, the fintech division of Westlake Technology Holdings and underpinning for the finance company, finalized a partnership this week with Salient to bring generative artificial intelligence to its customer offerings. An expert in voice technology, Salient said its solution was designed specifically for the needs of the auto finance industry. The companies said this collaboration […] [Read More]

Hudson Cook partner Patty Covington is back on the Auto Remarketing Podcast to tackle a tricky situation for finance companies. Covington explained how there are different kinds of complaints finance companies often face. She then offered some recommendations for how finance companies can turn a negative situation into a positive one for the credit provider […] [Read More]

In an industry where efficiency is paramount and margins are tight, the fleet remarketing process represents a critical juncture for automotive and insurance professionals. Traditionally, this process has been akin to navigating a complex river system, where vehicles exiting leases or rental periods are channeled towards different fates based on their condition. However, a closer […] [Read More]

Copart has added three new members to its senior executive leadership team. The provider of online vehicle auction and remarketing services has brought in David Kang as chief marketing officer, Neel Madhvani as chief product officer and Hessel Verhage as chief operating officer. Stephen Powers, who has served as COO since October 2020, will assume […] [Read More]

While it might be frigid with snow on the ground in much of the U.S., Black Book analysts are already discussing springtime because of auction activity they spotted last week. That activity pushed the estimated average weekly sales rate up to 55%, as Black Book reported wholesale prices softened by just 0.63%, which was in […] [Read More]

FordDirect, a joint venture between Ford dealers, Lincoln retailers and Ford Motor Company, has launched a new e-commerce platform for dealer solutions. The Shop, powered by FordDirect, is a “curated online shopping experience” designed for dealers to “meet the challenges of operating in the evolving retail automotive business landscape” with products and services in addition […] [Read More]