No matter where the individual might land on the credit spectrum, the financial capability needed to acquire a new vehicle is now at the most difficult point ever seen by experts from Cox Automotive and Moody’s Analytics. According to the newest Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI) released on Monday, the number of median […] [Read More]

In this special sponsored episode of the Auto Remarketing Podcast, two experts from Black Book share their perspectives and expectations for both the wholesale and retail markets. Senior vice president of business development Rene Abdalah and senior vice president of data science and analytics Alex Yurchenko also detail the latest Black Book insights on how […] [Read More]

More assistance is in motion for Blue Oval retailers. automotiveMastermind — part of IHS Markit and a provider of predictive analytics and marketing automation solutions for dealerships — recently formed a partnership with FordDirect. As a result of the relationship, the companies highlighted that the new integrations will be offered to both current and future […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. Harry Barber owned a building 40 years ago that his daughter, Jane, used as an indoor horse-riding arena. As Jane grew up and eventually stopped using the arena, Barber wondered […] [Read More]

The certified pre-owned vehicle market continues to rocket toward what would be the 10th record year in the past 11. CPO sales through seven months are up more than 4% from 2019, which was the best year ever for certified, and are beating 2020 figures by 15%. That’s according to a Cox Automotive analysis of […] [Read More]

After landing two partnerships last summer with fleet operators, YourMechanic on Friday announced the launch of its consumer iOS and Android apps to gain more business from private vehicle owners. YourMechanic highlighted that the apps can enable vehicle owners to seamlessly order hundreds of warranty-backed auto repair and maintenance services right to their home driveways […] [Read More]

In January, Walser Automotive Group, in partnership with PICO Venture Partners, announced the launch of a cloud-based predictive finance management system fueled by artificial intelligence that’s designed to cut the delivery process down from an average of three hours to 30 minutes. On Thursday, that company — FUSE Autotech — announced the completion of its […] [Read More]

An expert from outside of the auto-finance industry offered three recommendations that could help F&I professionals work with potential customers who are not sitting in person across the desk from them in the finance office. InQuasize president Michael Reddington is a certified forensic interviewer and leadership expert who runs a company that integrates the key […] [Read More]

Though not without challenges, it was a strong quarter for the three major publicly traded online used-car marketplaces. Vroom posted record ecommerce unit sales and gross profits, Shift reached record revenues and unit sales and Carvana’s net income was positive for the first time ever. Here is a recap of the highlights from the three […] [Read More]

With inventory options not so plentiful right now, dealers certainly want to know as much as possible about a used vehicle — especially one they’re buying exclusively online and do not have the opportunity to kick tires and sit behind the wheel before the hammer falls. In response to client feedback, Manheim is introducing an […] [Read More]