The National Auto Auction Association launched its autoauctionjobs.com in 2019 with the notion of creating a one-stop, registry of technical schools and scholarship opportunities for young people interested in pursuing careers as service technicians. Then came 2020. And on its heels, COVID-19. NAAA continued working on the program and identifying technician apprenticeships throughout 2020, but […] [Read More]

As if dealerships didn’t have enough headwinds just in contending with tight inventory and high prices, Cox Automotive chief economist Jonathan Smoke spotted a development he said hasn’t been seen in three decades. What prompted Smoke to make the assertion on Monday was what surfaced on Friday as the University of Michigan said, “Consumers reported […] [Read More]

There’s another AI in the automotive technology space. Automotive Innovations (Ai), which goes by the same acronym as artificial intelligence, launched its suite of dealership tools on Monday. According to a news release, Ai offers an all-in-one solution that can allow dealers to replace multiple tools, increase profits and get real-time visibility into their business. […] [Read More]

Within days of the new chief executive officer describing the ripe opportunities for auto refinancing, iLendingDIRECT secured more funding to grow its operations and more. On Friday, iLending announced that it has raised an additional $35 million through a transaction led by First Eagle Alternative Credit. This new capital follows iLending’s announcement in May that […] [Read More]

Last week, the Federal Financial Institutions Examination Council (FFIEC) issued updated guidance that provides financial institutions with examples of effective authentication and access risk management principles and practices for customers, employees and third parties accessing digital banking services and information systems. The five parts of the guidance include: — Highlights the current cybersecurity threat environment […] [Read More]

After recently forging a relationship with an independent dealership group, Scienaptic bolstered its client roster of independent finance companies on Monday. The credit decision platform provider fueled by artificial intelligence now is working with Right Direction Financial Services, which looks to provide financing for individuals seeking to rebuild or establish their credit through high-quality, certified […] [Read More]

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]