Venable partner Allen Denson offered some context that might help finance companies understand why the Consumer Financial Protection Bureau (CFPB) reached its second consent order in less than a year through an action involving what the regulator deemed to be unfair loss damage waiver practices On Friday, the CFPB announced that it issued a consent […] [Read More]

The Manheim Used Vehicle Value Index appears headed for unprecedented territory. After the first 15 days of May, the mid-month reading of the index eclipsed the 200 mark, climbing 48% from May 2020 and reaching 202.9. A look at readings of the index dating back to January 1997 shows [Read More]

“What a difference a year can make.” Perhaps that statement has never been truer than in the past year. The COVID-19 pandemic created some seismic shifts in car shopping and buying, and the auto industry had to pivot quickly to keep up with the changes. Now, a year since the world turned on its head, […] [Read More]

In this special sponsored episode of the Auto Remarketing Podcast, LotLinx chief revenue officer Bill Reidy and Lance Schafer, the company’s general manager of product and technology, discuss what it means for dealers to be “VIN-aware” and how it can help stores stay competitive. To hear the conversation, click on the link available below, or visit […] [Read More]

Editor's Note: This is a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "Beyond the Transaction" special supplementary issue. The pandemic impacted much of the automotive space, from how vehicles are retailed to the ways consumers are securing financing. What hasn’t changed, however, is the importance of a dealership’s F&I department, a store segment that […] [Read More]

Coinciding with the company saying it has reached record-breaking levels of dealer enrollment on its automated instant wholesale vehicle trade platform, CarOffer appointed one of its existing executives as chief operating officer. According to a news release distributed on Friday, CarOffer made the move effective immediately to install Scott Johnston as COO. In his new […] [Read More]

One of the poignant moments during this week’s Auto Intel Summit happened on Tuesday during a panel discussion featuring representatives from the Auto Intel Council, a private, membership-based organization that includes leading intelligence companies in the automotive space. Executives from DRN, Experian, Market Scan and Wells Fargo recapped their journeys through the pandemic and how […] [Read More]

Put two seemingly identical used vehicles side by side. Just by looking at them, could you tell which one was a better value? Without knowing their histories, probably not. That’s part of the message of a new CARFAX television ad campaign that aims to show “how using accident and damage history can ensure accurate vehicle […] [Read More]

With plans to expand the facility by updating the showroom, adding more service capacity and increasing the display area for new- and used-vehicle inventory, Zeigler Automotive Group announced the acquisition of its 31st dealership this week. Zeigler finalized a deal with Francis and Ralph Mauro of the International Autos Group to purchase International Subaru of […] [Read More]

Byrider chief executive officer Craig Peters and vice president of franchising Chris Hadley stopped by for this episode of the Auto Remarketing Podcast, highlighting not only the company’s successes through the pandemic but also the growth potential through its revamped franchisee program. To hear the conversation, click on the link available below, or visit the Auto Remarketing […] [Read More]