PassTime and PayNearMe now are collaborating so finance companies know more details about where their collateral is located while also providing more options to help contract holders make their monthly payments. According to a news release, the partnership combines PayNearMe’s modern and reliable payment platform known for making payments easy for businesses and customers with […] [Read More]

Just like when weather forecasters watch for hurricanes to make a turn toward land this time of year, finance company leaders likely have been eyeing for when defaults would make an industry-wide move higher because of the coronavirus pandemic. According to data through July released on Tuesday by S&P Dow Jones Indices and Experian, that […] [Read More]

AutoAlert has named former incadea chief executive Allan Stejskal to serve as its new CEO, replacing Mike Dullea. His background also includes time at AutoNation, where he was senior vice president and chief information officer, as well as time as vice president/general manager of the DMS, sales and F&I solutions segments at Dealertrack. “Allan is […] [Read More]

Alex Fraser, a well-respected auto industry veteran, once said “never bet against a car dealer” during a NADA panel Q&A. He humbly gave credit for the quote to his friend, Todd August. It appears both gentlemen may have just been validated.  Analysts have recently issued investment advice that would be unthinkable just a few months […] [Read More]

In March of this year, I wrote a piece on “Eight Reasons for Pre-Owned Optimism.” It was a sparsely shared sentiment at the time and admittedly, my finger was twitching before I hit send. I knew if I was wrong it would be in print forever, but I felt I had to give my “glass-half-full” […] [Read More]

The coronavirus outbreak will finally accelerate the growth of online purchases within the automotive industry. Today, the march to digital is still taking place at a surprisingly restrained rate. Over the last few weeks, I’ve spoken with 50 car dealerships and only three felt that their digital efforts were meaningfully driving online sales results. The […] [Read More]

In this episode, Cherokee Media Group president Bill Zadeits chats with the leadership of the National Auto Auction Association. More specifically, 2020 NAAA president Laura Taylor and 2021 NAAA president Julie Picard. To listen to this episode, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to the Auto Remarketing Podcast on iTunes or […] [Read More]

An Illinois franchised dealership is facing actions from the state attorney general for allegedly engaging in unfair and deceptive advertising and business practices Illinois attorney general Kwame Raoul filed a lawsuit this week against Skokie Motor Sales, which operates as Sherman Dodge. Raoul said Sherman Dodge’s advertisements allegedly violated motor vehicle advertising regulations relating to […] [Read More]

While some industry metrics are moving more significantly, Swapalease.com is seeing only modest changes in approval rates for consumers using its site to secure a short-term transportation solution. Site officials reported earlier this week that lease credit applicants registered a 65.1% approval rate in July, a slight decline from the June rate of 67.1%. Swapalease noticed […] [Read More]

Protective Asset Protection made another move this week aimed at helping dealerships during COVID-19. After rolling out online training this spring, the provider of F&I programs, services and dealer owned warranty company programs announced an update to its retrospective (retro) programs that are designed to assist local dealerships meet the needs of their communities and […] [Read More]