Open Lending Corp. recently released initial findings from a survey polling 95 leaders at credit unions, banks and captive finance companies of all sizes in an effort to illuminate the challenges financial institutions are facing in 2023 and how they are using lending enablement solutions to compete in the market. In a tenuous financial environment, […] [Read More]

DDI Technology (DDI), a leading automotive title management firm and a subsidiary of IAA Holdings, recently announced the launch of its electronic lien and title (ELT) services in Indiana. Officials said the Hoosier State now is the 28th state to feature DDI ELT technology and solutions. This latest launch of DDI’s ELT services will allow […] [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 Davis-Fink, who is senior vice president of IT portfolio management at Kinetic Advantage. What is the top trend you’re watching in remarketing/wholesale automotive […] [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 Antonette Desiervo, marketing coordinator at UVeye. What is the top trend you’re watching in remarketing/wholesale automotive this year? In my career, I watched the […] [Read More]

On Tuesday, the Standards for Technology in Automotive Retail (STAR) announced the publication of what the organization believes is the first sales process standards API and multiple updates to the STAR6 XML standards for retail automotive. STAR said these standards can assist dealers and vendors alike in streamlining the data necessary in automotive’s ever-changing industry […] [Read More]

Performance Brokerage Services recently helped to facilitate two more dealership transactions in the Midwest. The M&A firm announced this week the sale of Haasz Auto Mall of Dalton in Ohio from Kevin Haasz to John and Joe Sarchione of Sarchione Automotive Group. Performance Brokerage Services also highlighted the sale of Genthe Honda in Southgate, Mich., […] [Read More]

Black Book reported that wholesale values rose another 0.27%, and the estimated average weekly sales rate remained at 50% last week. The trends prompted analysts to consider how much longer the spring market will continue. Or if perhaps it’s already finished. Here’s Black Book’s summation included in its Market Insights released on Tuesday. “Last week, […] [Read More]

We begin this auction news roundup in Connecticut, where Central Auto Auction said this week it has hired a national remarketing manager. Appointed to the role is Tanner Litowski, who has been in the car business for 12 years. His most recent role was running a sales department at a domestic franchised dealership. Litowski’s tasks […] [Read More]

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]