The retail used-car market appears to have started 2023 on a high note for dealers. In fact, analysis from Cox Automotive this week said dealers had better than anticipated used-car sales last month. Based on same-store dealership data from its Dealertrack unit, the company estimates that used sales for dealers … [Read More]

It's Super Bowl week, which means it's time for a visit with PureCars chief operating officer and automotive advertising expert Lauren Donalson to discuss what to expect from the automotive commercials on Super Sunday. Plus, Donalson shares how dealers can parlay OEM ad momentum from the Big Game into their own marketing strategies, while also explaining […] [Read More]

A news release from Colonnade Securities distributed on Wednesday mentioned the advising of Streamline Recon, which was acquired by SolutionWorks, a leading provider of automotive reconditioning services jointly owned by Alitus Capital Partners and Concentric Equity Partners. The announcement indicated SolutionWorks will be partnering with the Texas-based automotive reconditioning company focused on the automotive dealership […] [Read More]

About a month after its launch, Automotive Reinsurance Concepts added more resources to Independent Dealer University (IDU), a subscription-based online education platform designed to put “next-level” training easily within reach of independent retail dealerships of all sizes. Now available is Tusker Tracks, IDU’s free online publication that features content from industry experts covering all areas […] [Read More]

This week, the remarketing division at Westlake Financial announced its 2022 Auction of the Year Awards, recognizing a nationwide honoree as well as five regional accolade recipients. In recognition of the “incredible” performances this past year, Westlake gave its 2022 Nationwide Auction of the Year Award to Rawls Auto Auction. “Rawls Auto Auction is proud […] [Read More]

AutoIMS and Experian have teamed up to offer commercial consignors using the AutoIMS inventory management platform a three-month trial of Experian’s AutoCheck Vehicle History Snapshot data and full vehicle history reports. The free trial began in January and lasts through the end of March. The AutoCheck reports can be accessed on demand through AutoIMS or […] [Read More]

Credit Union Leasing of America (CULA) set a new record in 2022 for originations with $2.7 billion in leases, surpassing its single year record of $2 billion set just a year earlier. According to a news release, the company originated 64,000 leases through its credit union partners in 2022, up from 50,000 in 2021. In […] [Read More]

Pete MacInnis, founder and CEO of eLEND Solutions, and his team rolled out a pair of new tools during NADA Show 2023 to help dealerships and finance companies. First, eLEND Solutions launched of DealMaker, a digital finance pre-desking platform. MacInnis explained that the platform is an evolution of basic online payment calculator tools and the […] [Read More]

Consumer Bankers Association president and CEO Lindsey Johnson offered a pointed response to a specific part of President Joe Biden’s State of the Union address given on Tuesday night. It all had to do with what Biden referred to as “junk fees.” The president told the nation: “Junk fees may not matter to the very […] [Read More]

The very first and most frequent guest on the Auto Remarketing Podcast appeared again during the 2023 Vehicle Finance Conference hosted by the American Financial Services Association in Dallas. Jeremiah Wheeler, president of DRN and MVTRAC, offered an update about consumer migratory patterns and how they’re influencing vehicle repossessions. To listen to the conversation, click on […] [Read More]