The ongoing COVID-19 pandemic is keeping the Federal Trade Commission busy. Andrew Smith, who is the bureau of consumer protection director at the FTC, testified at a U.S. Senate hearing on Tuesday. Smith said that to date, the FTC has received more than 131,419 consumer complaints related to COVID-19, including complaints about the government’s economic […] [Read More]

This week, Launcher Solutions announced its third major development since the second half of May. The newest one involved the technology provider specializing in automotive finance originations finalizing an integration partnership with Neo to help finance companies build a stronger portfolio and make smarter sales via Neo’s highly customized and comprehensive loan scoring algorithms. Launcher […] [Read More]

An executive who spent nearly two decades with Gulf States Toyota now is the chief operating officer FunnelAI, a real-time B2B artificial intelligence-based semantic search platform. Taking on this role for FunnelAI is Laura Ryan, who will be responsible for the development and execution of the strategy that will ensure accelerated growth in all areas […] [Read More]

Dealers Auto Auction Group has named its vice president of national sales and operations, bringing in David Diedrich for the role. Diedrich has been in the auto auction industry for three decades. “Assisting clients in establishing selling processes and markets, while developing promotions to potential buyers for the respective clients is the key to success […] [Read More]

Lagging, but not lost. That’s how a CarGurus analyst described the car-sales picture in the aftermath of the COVID-19 pandemic, whose impact on car shopper intentions seems to have moderated in recent months. In April, 79% of shoppers planned on delaying their car purchases, but in June, that figure slowed to 69%, according to the […] [Read More]

One of the impacts of stronger used-car retail sales is downward movement in supply, both in terms of retail and wholesale figures. According to a mid-month update of the Manheim Used Vehicle Value Index, the supply of retail used vehicles was most recently at 34 days (based on a vAuto data-driven, seven-day estimate). A typical […] [Read More]

It’s a question probably executives from throughout the automotive industry are asking. But a quartet of consignor representatives will try to tackle it during the 2020 IARA Virtual Summer Roundtable hosted by the International Automotive Remarketing Alliance. A consignor panel discussion on Aug. 20 titled, “Where Do We Go from Here?” will be moderated by […] [Read More]

Nick Zulovich welcomed the most guests ever to appear in a single episode of the Auto Remarketing Podcast to discuss a complicated topic: personal information contained within a vehicle’s infotainment system. The guests included Matt Arias, associate vice president of operations at America’s Auto Auction, Keely Smith, director of business services at AutoIMS, and Privacy4Cars.com […] [Read More]

After a strong start to the year, with used retail unit sales up 16% year-over-year for the first two months of 2020, pre-owned sales in Canada for AutoCanada started to take a hit in mid-March amid the COVID-19 pandemic.  But based on the latest quarterly earnings results shared in early June, used-car sales for the […] [Read More]

What Congressional lawmakers and the White House do in the coming days to enhance federal assistance to help consumers and businesses get through the coronavirus pandemic are likely to impact bankruptcy filings, according to the executive director of the American Bankruptcy Institute (ABI). According to data provided by Epiq, ABI reported that bankruptcy filings declined […] [Read More]