Two dealership service providers in the news recently now are working together, leveraging the capabilities of artificial intelligence (AI). ProMax — which said it plans to nearly double its employee base in the coming year — and SpinCar — which was chosen to be a part of General Motors’ omnichannel used-car sales platform — announced […] [Read More]

IAA made another move on Wednesday to reinforce its European operations. The company announced that it has secured ground for the construction of a new full-service facility in Bristol, located in the southwest region of the United Kingdom. IAA said through a news release that the additional capacity resulting from the new location will help […] [Read More]

Whether it’s the digital path to land auto financing or a spouse, fraud can infiltrate the process, potentially resulting in a broken bank account or heart. Experian recently released its annual Future of Fraud Forecast, which reveals five fraud threats for the new year. With consumers continuing to take a digital-first approach to everything from […] [Read More]

Since the pandemic still is causing plenty of problems, the three nationwide credit reporting agencies are continuing information availability for consumers that first launched when COVID-19 arrived. This week, Equifax, Experian and TransUnion extended their pandemic response service by offering free weekly credit reports to consumers through the end of 2022. The companies said this […] [Read More]

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]