TransUnion discovered another way this pestering pandemic influenced consumer behavior when it comes to individual’s auto financing. On Wednesday, TransUnion released findings of a payment hierarchy study focusing on the three most popular credit products in the U.S. — auto financing, credit cards and mortgages. TransUnion indicated approximately 27.8 million consumers held balances within all […] [Read More]

Seven sports cars and luxury sport sedans make iSeeCars’ list of the fastest-selling used vehicles for March. The pandemic played a role in the sales success for those vehicles. “High-performance vehicles have been popular during the pandemic to combat boredom and bring joy,” iSeeCars executive analyst Karl Brauer said in a news release. Those seven […] [Read More]

A trio of executives from ParkMyFleet join the Auto Remarketing Podcast to talk about the company's background, the growing fleet services space, implications for the remarketing business and their partnership with ACV Auctions. In an effort to grow its commercial and rental business models and increase services for dealerships, ACV announced a partnership this winter […] [Read More]

HGreg.com said two of its dealerships have earned the distinction of best-selling Nissan dealership in the U.S. and Canadian markets. HGreg.com is part of HGregoire, a network of 17 pre-owned and 13 new car dealerships throughout Canada and the United States. HGreg Nissan Kendall in Florida, and HGregoire Nissan Chomedey in Quebec have earned the […] [Read More]

When it comes to electric and hybrid vehicles, consumers are more open to considering new vehicles than they are to considering used versions of those cars. But don’t sleep on the pre-owned segment of alternative-fuel vehicles. As part of the 2021 Electric Vehicle Sentiment Survey from CarGurus, consumers were asked, “Which ways of acquiring an […] [Read More]

Online car buying startup Gettacar has named former Roadster sales leader Amit Chandarana as vice president and head of commercial. In the new role,  Chandarana will focus on business development, lending relationships, key strategic initiatives and what the company describes as “enhancing Gettacar’s customer journey.” At Roadster, Chandarana led sales, business development and strategy. He […] [Read More]

Nearly a month after Car Capital secured a funding round of almost $9 million, the new auto-finance technology company that strives to get any deal bought no matter the consumer credit background closed on a credit line more than double that funding amount. According to a news release distributed on Tuesday, Car Capital secure a […] [Read More]

Efforts by ACA International and other industry organizations connected with collections helped to generate what they called the “favorable ruling” earlier this month when the U.S. Supreme Court unanimously decided a case involving the Telephone Consumer Protection Act (TCPA) and definition of an autodialer. In Facebook versus Duguid, ACA International recapped that the court held to […] [Read More]

After announcing its first batch of franchisees last month, Spiffy has officially opened its first franchise location. The debut franchise for Spiffy, an on-demand car care, technology, and services company, is in Wilmington, Del. The franchise will provide mobile maintenance services to Upper Chesapeake-area customers. Rick Crook is the owner of Spiffy’s first franchise, and he brings […] [Read More]

While a new weekly wholesale price increase record was not set, these unprecedented times in the lanes prompted Black Book to expand its data tracking. Analysts said in the newest Market Insights that they’re seeing a substantial increase in prices that dealers are willing to pay for higher-mileage units, especially models 2-years-old and newer. Because […] [Read More]