As J.D. Power’s director of ALG industry solutions Michelle MacDonald described residual values as the backbone of the auto leasing business in Canada, ALG announced the winners of the J.D. Power 2021 Canada ALG Residual Value Awards. The J.D. Power Canada ALG Residual Value Awards recognize the vehicle segments projected to hold the highest percentage […] [Read More]

Next up on our series of NADA Show 2021 episodes of the Auto Remarketing Podcast, we are joined by DealerSocket chief product & technology officer Alok Tyagi, as well as Darren Harris, who is the executive vice president and general manager of retail solutions at DealerSocket. Tyagi and Harris discuss DealerSocket's plans for the NADA event, […] [Read More]

Consumer-facing vehicle condition report C.A.R.Score said it has exited its pilot agreement and will continue conducting inspections for CarOffer, an auto retail industry dealer-to-dealer trade network for used vehicles. Dealer Specialties, a provider of vehicle data collection, image generation, window labeling services and inventory management and marketing, created C.A.R.Score, which assesses a vehicle’s exterior and […] [Read More]

Carvana on Thursday made two announcements showing that it seems to plan a continuation of its trend of growth into 2021. After saying Wednesday that it was making its Louisiana debut by bringing its as-soon-as-next-day touchless home delivery to four cities in that state, the company made two additional announcements on Thursday. The first was […] [Read More]

After releasing two new solutions for store clients, DealerSocket announced the newest member of its board of directors; an executive quite familiar with the automotive and technology worlds. Appointed to the SaaS provider’s board is the current chief sales officer Ryder System, John Gleason, who previously was chief sales officer at ADP and CDK Global […] [Read More]

With the all-digital NADA Show 2021 happening this week, Auto Remarketing is launching a special series of Auto Remarketing Podcast episodes around the auto retail space. We begin this series with an episode featuring Tim Cox, senior vice president of sales and co-founder of CarNow. Look for additional episodes throughout the week, featuring executives from Dealer.com, […] [Read More]

Integrated Lending Technologies (ILT) recently announced that it has completed the development integrating CarletonCalcs from Carleton. Finance companies and lenders using ILT’s Allegro Lending Suite now will have access to the CarletonCalcs loan, lease and compliance modules, providing computational accuracy and compliance with all relevant governmental regulations. The companies said in a news release that […] [Read More]

Fraud and its prevention are gaining more attention, especially since the pandemic arrived. LexisNexis Risk Solutions unveiled findings about what it classified as the current state of fraud, detailing key fraud trends occurring in 2020 for organizations in the United States and Canada while also looking ahead at what to expect in 2021. LexisNexis Risk […] [Read More]

Digital financing innovator eLEND Solutions highlighted more than 10 findings from its latest dealer survey, reiterating how the COVID-19 pandemic has encouraged dealerships to embrace digital retailing as a low-touch transaction alternative and how this adoption of technology has changed traditional dealer process and perception. Based on a survey fielded by eLEND Solutions among dealers […] [Read More]

At least one industry expert used some positive adjectives when assembling reaction after the Federal Reserve released consumer credit data for December. The credit data arrived after a federal forecast projecting how long it might take for the U.S. job market to rebound from the pandemic. According to data released on Friday, the Fed said […] [Read More]