The new year is always an exciting time to reflect on the past and look ahead with optimism to a fresh start full of opportunities. For the automotive industry, 2022 was another turbulent year. In the wholesale space, it included tight used vehicle supplies and unprecedented declines in used vehicle values. In fact, the Manheim […] [Read More]

As NADA Show 2023 was about to get started in Dallas, Work Truck Solutions founder and chief vision officer Kathryn Schifferle outlined a path that stores can tap into the growing commercial vehicle space. In this episode of the Auto Remarketing Podcast, Schifferle also shared what’s piquing her interests most when it comes to commercial […] [Read More]

Two of the senior vice presidents from the American Financial Services Association took time during their orchestration of the 2023 Vehicle Finance Conference in Dallas for this episode of the Auto Remarketing Podcast. Celia Winslow and Danielle Fagre Arlowe discussed the latest developments on the federal and state level, respectively, in connection with actions by […] [Read More]

As an automotive dealer, your reputation is your lifeline. And in the digital age, your reputation is displayed in black and white (and yellow stars) for everyone who searches for you or even generally searches for your services. Too few reviews, too old reviews and fewer than four stars all disqualify you from ranking well […] [Read More]

A recent Tip of the Week from Ignite Consulting Partners delved into the social media world your children might know well — TikTok. Ignite recapped that during the last few weeks, a TikTok video went viral and gave consumers some “bad ideas and created even more headaches for dealers and finance companies.” The video recommended […] [Read More]

The newest Byrider location opened this week in the Sunshine State. The franchise chain of buy-here, pay-here dealerships made its way into the South Florida market with a new store at 2008 Okeechobee Blvd. in West Palm Beach, Fla. Byrider now has seven locations in Florida. This is the fourth dealership for the franchise ownership […] [Read More]

Although digital remarketing was on the rise before COVID, many in the industry still preferred the in-lane process and physical auction sales.  Then the pandemic hit. And the economic shutdown was soon to follow. With the closing of auctions’ physical doors, the pivot to digital wholesale was in full force. Now, even though many physical […] [Read More]

Agora Data recently received a compliance certification with the American Institute of Certified Public Accountants (AICPA’s) System and Organization Controls (SOC) 2. According to a news release, Agora Data’s SOC 2 Type II standard for information security was certified by an independent, trusted third party CPA firm on Jan. 13. The company highlighted the SOC […] [Read More]

Perhaps those new-to-credit consumers — individuals early in their credit journeys — might be some of the best applicants to land in your finance company’s underwriting department. The main finding from a newly released TransUnion global study showed new-to-credit consumers generally perform as well or better than ones with established credit and similar risk scores. […] [Read More]

Cars are becoming more connected. And with that comes challenges around how this new technology works. Plus, the need for effective and auditable solutions to meet growing regulatory requirements around connectivity technnology to protect consumers has never been higher. That’s why Calgary-based digital marketplace HeyAuto has entered into a multi-year, exclusive distribution deal with vehicle data […] [Read More]