Inovatec Systems Corp. has significant interests in both the United States and Canada. On Tuesday, the provider of cloud-based loan origination and management solutions named its new head of business development who is familiar with how auto financing works in both countries. Joining the company is former Equifax executive Bob Metodiev, who was selected to […] [Read More]

Lisa Plaggemier, interim executive director of the National Cyber Security Alliance (NCSA), has an affinity for the automotive industry since her professional career includes time at Ford and CDK Global. Plaggemier appeared on this episode of the Auto Remarketing Podcast to discuss the recent data breach sustained by Mercedes-Benz as well as other concerns about […] [Read More]

Allied Solutions recently expanded its portfolio of partnerships by aligning with Tracers and Illinois Bankers Business Services (IBBS). On Tuesday, the provider of insurance, lending, risk management and data-enabled products to financial institutions broadened its portfolio again, but this time via what’s been a popular move so far this year — an acquisition. According to […] [Read More]

Got a customer who is unsure about buying a used electric vehicle due to uncertainty about the battery life? Recurrent, which analyzes EV battery health, says it can help. On Tuesday, the company released what it calls the “first-ever” EV battery guides that consumers can use to gauge the battery health of a pre-owned EV. […] [Read More]

Vroom has added another hub, this time in the Pacific Northwest. While it has delivered vehicles to the area since its 2012 founding, the company’s Seattle Last Mile hub, located in Kent, Wash., is designed to provide “an experience that includes a more personalized concierge service where customer advocates transport cars directly to car buyers’ […] [Read More]

Last fall, Carketa secured funding to expand nationwide. Then in January, the dealership solutions software company added condition reports to its platform. And according to a news release distributed on Monday, the Utah-based startup announced that it has become a participant in the CDK Global Partner Program. As a member of one of the largest […] [Read More]

If you can find the inventory you want, maybe you won’t be paying as much for it. Black Book analysts spotted multiple positive developments for dealership personnel tasked with finding profitable inventory. While prices might be softening noticeably, the latest installment of Market Insights also mentioned that volume still is down — especially units that […] [Read More]

IAA looked to improve services for its customers in the United Kingdom on Tuesday. IAA — again the presenter of this year’s Auto Remarketing 40 Under 40 — announced that its UK-based business unit has expanded its payment offerings through the addition of Payit by NatWest, a fast, safe and secure mobile transaction and digital […] [Read More]

The Auto Remarketing Canada Conference is an annual event bringing together all corners of Canada’s used-vehicle industry to learn about the latest trends in the auto business, share best practices and network.    The two-day event, scheduled for July 20-21, will be held online and include three content tracks:    — Auto Finance — Remarketing […] [Read More]

Not since June 2006 — when Disney first released “Cars” in movie theaters — have there been bankruptcy trends like what Epiq and the American Bankruptcy Institute (ABI) are now explaining. Epiq recently released its June 2021 bankruptcy filing statistics from its AACER bankruptcy information services business and reported the lowest June filings since 2006 […] [Read More]