Before the first quarter of this year closes, Santander Consumer USA will have a new top executive. Santander Holdings USA recently announced that Bruce Jackson will assume the role of head of the Santander US Auto business and CEO of Santander Consumer USA through a move that will become effective in March. Jackson will be […] [Read More]

Certified pre-owned vehicle sales were likely down around 10% in 2022, but the market closed the year with some momentum heading into 2023. After 14 months of year-over-year declines, there have now been two consecutive months of CPO sales gains, according to early estimates by Motor Intelligence. Preliminary results that the company provided to Auto […] [Read More]

Ford and Lincoln dealers now have a new resource to boost their sales and service efforts. CDK Global recently announced a collaboration with Ford Motor Co. to integrate vehicle build data for Ford and Lincoln vehicles with CDK Global’s Neuron Advanced Vehicle Lookup Application Programming Interface (API). The automotive retail software provider explained that incorporating […] [Read More]

Credit Acceptance responded to a robust lawsuit brought by the Consumer Financial Protection Bureau and the New York attorney general on Wednesday triggered by an investigation that began in May 2019. New York attorney general Letitia James and the CFPB said through a news release that they are suing Credit Acceptance “for deceiving thousands of low-income […] [Read More]

Wholesale vehicle prices in Canada finished 2022 with a steeper decline than what’s typical for the final week of the year, according to the Market Insights report released Tuesday by Canadian Black Book. Specifically, there was a 0.44% decline in used-car prices for the week ending Dec. 31, CBB said. While that was the same […] [Read More]

The Auto Intel Summit returns this spring with a new look, new hotel and a new conference added to the event's lineup. Cherokee Media Group is launching the inaugural National Remarketing Conference Spring Summit, which will be held concurrently with AIS, April 18-20 at the Hilton Raleigh North Hills in Raleigh, N.C. “We’re excited about […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature the Women in Remarketing panel discussion from Used Car Week in November in San Diego. The honorees discuss how they’ve been successful and offer wisdom for younger industry professionals in a conference segment moderated by Kathy Ruble, Ally’s executive director for auto marketing and […] [Read More]

With each passing day, dealers are looking for the next great thing, the latest shiny object, the magic bullet and the secret sauce. The truth is, it’s just not that complicated and that that’s why no one believes it. Somehow, we went from knowing that no two vehicles are the same and each vehicle stands on […] [Read More]

Here’s a potential way to prompt a hesitant buyer to take delivery of that used vehicle. A reconditioning ‘Seal of Approval’ is likely to help auto dealers close more sales, according to a survey of 1,000 potential auto shoppers by Rapid Recon.  When consumers were asked if a reconditioning “seal of approval” would positively affect […] [Read More]

Montway Auto Transport and Auction Direct Transport have merged, Montway announced Wednesday. Montway, which is a third-party logistics brokerage, said adding Auction Direct Transport, which is an auto transport brokerage company, will help the company expand into the auction-to-dealer transport space. This move comes at a time when dealers are turning to auctions outside their […] [Read More]