Many consumers not only want a digital path to secure auto financing, they also want streamlined technology to make payments, too. To help, Inovatec Systems announced this week it is partnering with VoPay to integrate payment processing capabilities into the Inovatec LOS and LMS platform. As a result of this relationship, the cloud-based software solutions […] [Read More]

A new TransUnion study conducted in collaboration with S&P Global Mobility determined the registered electric vehicle market share is expected to grow from 5% at the end of 2021 to approximately 40% by 2031. Analysts also found that the increasing popularity of such vehicles will have a marked impact on the auto finance industry, as […] [Read More]

Veros Credit said it still is enjoying exponential growth while navigating through today’s challenging macroeconomic landscape. To enrich its footprint in Texas, Veros Credit announced last week that it is slated to open a dealer and customer service center in Irving. With the addition of this new Texas office in its second largest volume state, […] [Read More]

A trio of officials from the Consumer Financial Protection Bureau reiterated their position about repossessions and Servicemembers Civil Relief Act (SCRA). Earlier this week, Patrick Brick, Ryan Kelly and Chris Kukla published a blog post on the bureau’s website recapping CFPB research as well as the SCRA. They said by the age of 24, about […] [Read More]

Summer temperatures have heated up, and so too, have wholesale values. Used-car prices have started July up slightly from June on an adjusted basis and maintain a sizable premium over where they were ago. That’s according to the mid-month reading of Cox Automotive’s Manheim Used Vehicle Value Index, which came in at … [Read More]

Black Book isn’t referencing the Fourth of July hangover your friend had when reporting that wholesale values struggled again last week. Analysts detailed in their newest installment of Market Insights that wholesale prices dropped another [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. Over the next few weeks, AR will be posting Q&As with […] [Read More]

As part of the upcoming NAAA Convention issue of Auto Remarketing, we are once again spotlighting the High Performance Auto Auctions.  Essentially, this is a roundup of "Auto Auction of the Year"-type awards from consignors, auction groups and other industry stakeholders. For example, if you are a consignor, this might be a list of your auction of […] [Read More]

The J.D. Power 2022 Canada Dealer Financing Satisfaction Study analyzed the Canadian auto finance sector and, perhaps not surprisingly, found that supply-chain issues are affecting available inventory at auto dealerships in Canada.  Additionally, J.D Power said in a news release on the study, “it also means fewer new- and used-vehicle transactions during which lenders can […] [Read More]