Finance companies mitigated their risk a bit during the third quarter as data released by Edmunds on Thursday showed higher average down payments for both used and new financing booked during the past three months. Edmunds determined the more robust increase in average down payments came in connection with new vehicles, rising to $4,457 in […] [Read More]

Quantum5 is a social advocacy platform that seeks to digitally transform automotive buying by shifting to a “lifetime value model” instead of the transactional model of the past. The company uses a “social advocacy learning platform” of dealership training on people skills and behavioral tactics that it says is necessary to succeed in the digital […] [Read More]

Fair announced in mid-September that it was launching 2- and 3-year used-car lease options for consumers, in addition to its existing month-to-month option. Chief executive officer Brad Stewart joins the Auto Remarketing Podcast discuss this new offering, share his thoughts on the overall market potential for pre-owned leasing and more. “These tailored lease options will […] [Read More]

With the company’s founder and chief information officer Ryan O'Connor saying its growth is “rooted in our team’s commitment to developing the best-in-class product for our dealers,” EBlock said it placed as the highest ranked automotive company on the 2020 Report on Business ranking of Canada’s Top Growing Companies. EBlock also placed No. 30 overall […] [Read More]

In the latest episode of the Auto Remarketing Podcast, Widewail founder and chief executive officer Matt Murray joins the show to talk with Auto Remarketing's Joe Overby about how reviews have become a more integral part of the car-buying process. Plus, we talk about Widewail's pivot, its launch of Invite and how the company's name came […] [Read More]

With Wednesday marking the close of the third quarter, the newest wave of data, as well as business and consumer surveys to surface this week, reinforced the economic focal point of 2020 — jobs. For individuals who remain gainfully employed and firms that either retained or rehired their workers, their current state and future outlook are […] [Read More]

 AutoNation’s Drive Pink initiative, or DRV PNK, is personal for long-time AutoNation associate Lisa Logan, who is a breast cancer survivor. “Sadly, just about everyone has been touched by cancer,” Logan said in a news release. “I am so proud to work for a company that not only supported me throughout my journey, but that […] [Read More]

A former leader with AutoNation and Sonic Automotive has joined Shift as its chief revenue officer, a newly created position at the used-car ecommerce company. Named to the post is Mark McCollum, who most recently was founder and chief executive officer at auto retail software company Automotive IntelliQuence. Shift, which is on its way to […] [Read More]

RISC announced that with support from Hudson Cook, it recently completed the 2020 update of the education firm’s training certification program — CARS Financial Client (CARS FC). The firm reiterated this week that the CARS FC certification program was created for financial clients, including national forwarding companies and lending institutions, to provide a comprehensive understanding […] [Read More]

Truist Financial Corp. recently unveiled a corporate venture capital division created by integrating investments in technology companies from the heritage SunTrust brand with BB&T Ventures. The bank highlighted this firm — Truist Ventures — is focusing on strategic partnerships and investments to bring novel solutions to Truist clients and deliver on the company’s purpose to inspire […] [Read More]