VisionMenu welcomed a new chief operating officer this week. Taking on the position for the F&I software provider is Steven Meeker, who arrives as VisionMenu said it’s experiencing rapid growth that prompted the expansion of its executive team to meet customer needs. “We are elated to have Steven join us,” VisionMenu president Ron Martin said […] [Read More]

CreditMiner and TransUnion are working together in an attempt to keep fraud from infecting dealerships. The companies announced a new partnership this week that enables them to offer the automotive industry cutting-edge fraud prevention technologies via their API capabilities. CreditMiner and TransUnion said dealerships across the nation can protect their bottom line from costly fraud […] [Read More]

American Recovery Association president Dave Kennedy directly opened a message to repossession agents, finance companies, forwarders and other service providers by saying: “This year is going to be another year of turbulence in our industry.” While auto defaults have risen for six months in a row, the last auto default reading before the pandemic was […] [Read More]

The National Auto Auction Association and KAR Global said in a joint statement Tuesday that KAR is licensing its “Privacy Pam” privacy and security training program for NAAA-member auctions to use. KAR uses the training program to help its near-10,000 employees protect the data and information of its customers — which include automakers, dealers, fleets, […] [Read More]

While multiple indicators are showing that consumer confidence is sagging to start 2022, at least one expert doesn’t see the trend as an unconquerable obstacle to vehicle sales. The Conference Board Consumer Confidence Index declined in January after an increase in December. The Present Situation Index — based on consumers’ assessment of current business and […] [Read More]

Tom Staszak, who is senior managing director of mergers & acquisitions at Generational Equity, joins the Auto Remarketing Podcast to talk about the rise in dealership buy-sell activity. In this episode, we discuss the drivers of that M&A growth, why it makes sense for some stores to exit, and moves in the auto industry at large. […] [Read More]

That headline you just read is part of the blunt assessment of the wholesale market Black Book gave as part of its newest installment of Market Insights released on Tuesday. That observation came even as analysts saw wholesale prices dip for the third week in row to start the year. [Read More]

CARFAX announced Tuesday it has launched the CARFAX Lifetime Dealer program, which allows participating dealers to show consumers their respective stores are providing “full access to CARFAX products whether they’re buying, servicing, or trading in their used car.” In other words, a mark of distinction for the dealers providing such services throughout the used-car lifecycle. […] [Read More]

Canada Drives tapped an experienced executive from the entertainment and gaming worlds to be its new chief technology officer. On Monday, the 100% online vehicle shopping and to-your-door delivery platform announced that Darcy Reno has joined the Canada Drives executive team as CTO. As Canada Drives continues to expand its vehicle buying and selling platform, […] [Read More]

These days, you’re bound to find “pop-up” events that range from holiday markets to yoga classes. You can now add selling your car to that mix. Online used-car ecommerce platform Shift was set to host a “Car to Cash” pop-up event in the Los Angeles area this past weekend to acquire cars from consumers. The […] [Read More]