In another installment of its Tip of the Week, Ignite Consulting Partners reviewed what the Federal Trade Commission previously has stated about what attributes a qualified individual (QI) should have. These are the individuals at a dealership or finance company who head up matters associated with the revamped Safeguards Rule and other regulations generated by […] [Read More]

Sales might have softened in September, but Cox Automotive indicated credit for auto financing improved as the third quarter closed. According to the newest Dealertrack Credit Availability Index released this week, access to auto credit expanded in September for the first time in … [Read More]

From franchised dealerships and collision centers to independent stores and now auctions, AutoCanada has been on the acquisition path this year. Its latest purchase marked the publicly traded dealer group’s first foray into the wholesale industry. AutoCanada recently announced its purchase of North Toronto Auction. This news is part of a broader trend the industry […] [Read More]

Wholesale vehicle volumes are expected to decline for the third straight year, with a 7% decline projected for 2022, according to wholesale flow forecasts included in Cox Automotive’s latest Manheim Used Vehicle Value Index presentation. The biggest driver in the declining numbers of cars making their way into wholesale has been the drop-off in lease […] [Read More]

Along with the seventh annual Diversity Volume Leadership Awards (DVL), last week’s annual NAMAD Conference in Miami also included Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarding two Rising Star Awards. The 2022 award recipients were Jarryd Carver, chief executive officer of Winners Circle Automotive Group, headquartered in Hampton, […] [Read More]

As previously reported in Auto Remarketing, there were more than 52,000 reports of stolen catalytic converters in 2021, which was a 13-fold increase from 2019, according to the National Insurance Crime Bureau (NICB). ACV is looking to help dealers have more confidence that their next piece of inventory hasn’t been impacted by criminals with its […] [Read More]

The Arizona Creditors Bar Association recently offered its explanation for what Proposition 209: The Predatory Debt Collection Protection Act could do to collections within auto finance and other creditor segments if voters in the Grand Canyon State approve the proposal in November. First, according to material shared with SubPrime Auto Finance News, the association explained […] [Read More]

Open Invention Network (OIN), the organization formed to safeguard open-source software (OSS), announced on Wednesday that The Clearing House (TCH) has joined as a community member. As the nation’s most experienced payments company, operating U.S.-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image and real-time payments, […] [Read More]

In this episode of the Auto Remarketing Podcast, we are joined by Jeremy Beck, who is the vice president of dealer development at the National Independent Automobile Dealers Association. Beck talks with Auto Remarketing senior editor Joe Overby about the association's recent NIADA Policy Conference in Washington, D.C., and looks ahead to NIADA's BHPH Super Forum […] [Read More]

On Wednesday, ACI Worldwide and Constant highlighted how they’re now working together. The provider of mission-critical, real-time payments software and the fintech involved in self-service loan management software announced a partnership that they said will allow finance companies to increase contract volumes, streamline their collection process, drive revenue and lower cost to serve. Pairing ACI […] [Read More]