TrueCar released the eighth wave of its study on the pandemic’s impact on vehicle shopping and vehicle shoppers’ needs, noting that concerns about future potentially diminished income are now a top factor in deterring a vehicle purchase. Meanwhile, the threat of catching or spreading COVID-19 while shopping as a factor discouraging a vehicle purchase is […] [Read More]

With wholesale values surging each week during the month, it probably comes as no surprise that the Black Book Used Vehicle Retention Index for March set a new record. Black Book reported on Monday that its index reading came in at 141.2, representing an 8.9 point (or 6.7%) increase from February. Analysts also noted the index currently stands 23% above […] [Read More]

Market Scan Information Systems promoted one of its executives on Friday, as the enterprise solutions and data provider continues to expand its offerings to OEMs, finance companies and credit unions. Promoted to be head of data partnerships is Jose Galvan, who has been with the company for more than 20 years and now will be […] [Read More]

Now with the pandemic showing a few signs of abating, perhaps normal activities involving the leasing of vehicles can resume, if they haven’t already in some locations and dealerships. As new-vehicle lease opportunities compete against aggressive financing incentives for new-model buyers, J.D. Power indicated that executing effective lease retention and conquest strategies will be critical […] [Read More]

With at least one store owner praising the actions, National Auto Care (NAC) reinforced its team with experts focused on two areas of great interest to dealerships: profits and training. The F&I product provider announced the addition of two key leaders: Corey Smith as fixed operations training manager and Coby Mavroulis as vice president of […] [Read More]

To achieve the flexibility required for what the F&I provider described as its next level of expansion, RoadVantage announced leadership restructuring on Friday with two executives moves. The first move made by RoadVantage was adding industry veteran Bob Corbin as its new president of sales. Then, RoadVantage said its previous president of sales, Randy Ross, […] [Read More]

Nine out of ten vehicle owners say the presence of radio in the dashboard is important to them, according to a new survey. They also say the pandemic has made dashboard entertainment/information more important because listening to music helps ease anxiety from all the bad news and stress in the world. That is especially true for […] [Read More]

To recognize the dealers leading the certified pre-owned car business, the April issue of Auto Remarketing will feature our annual special section spotlighting "The Best CPO Dealers in the USA."  As part of that issue, we reached out to dealers to share their best practices in CPO.  Here is what a couple of them had to say: Question: Share […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Pamela Patton, who is area vice president at ACV Auctions. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, what […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Nanci Smith, who heads up remarketing supplier management and is an administration manager at Toyota Financial Services. Auto Remarketing: What do you enjoy most about working in […] [Read More]