Marty Miller definitely did his homework for this episode of the Auto Remarketing Podcast. The director of automotive data for Experian Automotive shared the latest trends associated with brand loyalty and which vehicles are resonating most with consumers nowadays. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  […] [Read More]

The wholesale value feast consignors have been enjoying for some time might finally be finishing. Black Book spotted a wholesale price decline last week not seen in a year, as analysts said that overall values softened by 0.86%. That’s nearly double the [Read More]

Attention buy-here, pay-here dealerships with related finance companies as well as lease-here, pay-here operators. If your book of business contains individuals who are actively serving in the military, a stern letter from the Department of Justice and the Consumer Financial Protection Bureau (CFPB) is directed at you. The federal agencies issued a joint letter last […] [Read More]

Daniel Parry did not seek to have an economic or political argument about whether the U.S. is officially in a recession. Rather, the co-founder and chief executive officer of TruDecision maintained that risk is in play no matter how well the economy may or may not be doing. Parry pointed out more than a half […] [Read More]

In this edition of Auciton News Roundup, we spotlight three particular charitable endeavors among auto auctions.  And we begin in the Lone Star State. Alliance Auto Auction, a Texas-based group of five physical auto auctions and two digital platforms, said it has raised more than $50,000 this year for CitySquare Abilene Project and Simply Sparrow […] [Read More]

Within Sonic Automotive’s EchoPark used-car store program, second-quarter revenues hit $665.6 million, an all-time high and a 12% year-over-year increase. On the other hand, EchoPark retail used-vehicle unit sales volume of 16,608 was down 22% year-over-year. During the Q&A portion of the retailer’s earnings call, participants asked … [Read More]

The end of Lithia & Driveway’s second quarter came with good news for the publicly traded company. The retailer reported the highest Q2 revenue and earnings per share in company history ($0.42 per share for the second quarter). Lithia’s Q2 revenue was … [Read More]

Autonomy continues to expand its electric vehicle subscription operation, as last week the company enhanced its EV lineup to include the Tesla Model Y Long Range. After forging a relationship with AutoNation, Autonomy now offers the Tesla Model 3 Standard and Long Range, as well as the Model Y Long Range, which has monthly payment […] [Read More]

Refinancing firm iLending recently announced that Jason Oswald has been named director of sales at the company’s office in Columbia, S.C. In this role, Oswald will be responsible for all sales functions for the company’s growing office in South Carolina’s state capital. According to a news release, the facility began operations last September and currently […] [Read More]

Origence is amid a string of records associated with auto financing and credit unions, and it appears the company wants to remain on that path through leveraging a partnership with Informed.IQ, a provider of artificial intelligence-based software to financial institutions According to an announcement made last week, Informed.IQ will power Origence’s document process automation functionality […] [Read More]