Upstart is making great strides in growing its client base, according to data released by Automotive Market Data. The company has been named the fastest growing auto retail software in the U.S. for Q2 2022, From April to June, nearly 240 dealerships went live using Upstart Auto Retail, which was the highest level of growth […] [Read More]

Origence is on quite a record-setting streak. After establishing new marks in 2021 and during the first quarter of this year, the CU Direct brand announced last week that it had delivered a record amount in credit union auto financing through its platforms during the second quarter. According to a news release, credit unions funded […] [Read More]

The impact fraud is having on auto finance and other segments of financial services isn’t diminishing, so Equifax is reinforcing its resources to combat it. Equifax said this week it is expanding its global footprint in digital identity and fraud prevention with a definitive agreement to acquire Midigator, a provider of post-transaction fraud mitigation solutions. […] [Read More]

Interest in used electric vehicles has climbed and sales appear strong — trends that may have far-reaching impacts beyond dealership lots. A year ago, half of electric vehicle shoppers said they would consider going used. But now nearly 80% are interested, according to the Q3 2022 Used Electric Car Market Report from Recurrent, a company […] [Read More]

The largest monetary penalties handed out by the Consumer Financial Protection Bureau (CFPB) since Rohit Chopra became director in October surfaced publicly on Tuesday afternoon. And those penalties surpassing $19 million relate to auto financing. The CFPB penalized Hyundai Capital America for what the regulatory said was repeatedly providing inaccurate information to nationwide credit reporting companies […] [Read More]

Autonomy has teamed up with AutoNation in a partnership the electric vehicle subscription company says will help it scale — both in terms of geographic and product expansion. Currently, Autonomy offers the Tesla Model 3 and Model Y, but AutoNation, which will be Autonomy’s “Dealer of Record,” will aid the company in its plans to […] [Read More]

Earlier this summer, Consumer Financial Protection Bureau director Rohit Chopra compiled a blog post beneath the heading, “Rethinking the approach to regulations.” Chopra articulate three reasons why the CFPB now sees it as “important to move away from the failed approach of the past.” The director wrote, “Markets work best when rules are simple, easy […] [Read More]

Perhaps it shouldn’t alarm consignors and dealers too much, but Black Book spotted a vehicle segment make a notable value decline for the first time in 77 weeks. After a stretch of price increases or week-over-week stability that began February 2021, analysts said prices for full-size vans dropped … [Read More]

LexisNexis Risk Solutions said automakers might have a great path to stay connected with used-vehicle buyers for a host of potential business opportunities. LexisNexis Risk Solutions explained that its new study showed U.S. consumers want to hear from their automakers about connected services, safety recalls, warranties, insurance discounts and other benefits. Insights from more than […] [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]