Holman Enterprises is charging up its fleet division at ARI in a new way. According to a news release distributed on Tuesday, the company announced a new partnership with Lordstown Motors, an Ohio-based original equipment manufacturer of all-electric, light-duty fleet vehicles. Holman highlighted the strategic partnership will help to introduce the Lordstown Endurance, an all-electric […] [Read More]

CallRevu recently hired a new vice president of sales whose professional background included time with a large dealership as well as CDK Global. Taking on this role for the provider of automotive conversation intelligence, featuring call data, tracking and advanced machine monitoring with artificial intelligence for dealers, is Justin DePasquale, who is being asked to […] [Read More]

If a piece of inventory arrives at your store on Monday, Rapid Recon wants that vehicle standing tall on the front line by Friday — if not sooner. The workflow management solution for vehicle reconditioning designed to help franchised, independent and buy-here, pay-here dealers, announced on Monday that dealerships in every U.S. state now can […] [Read More]

TransUnion is noticing that credit-performance metrics are starting to change as various actions taken by finance companies because of the coronavirus pandemic begin to run their initial duration. A new TransUnion consumer credit snapshot released last week found the percentage of accounts in “financial hardship” started to level off for credit products such as auto […] [Read More]

It's another "Joe Show" on the Auto Remarketing Podcast. In this episode, Joe Kacala, chief product officer at automotiveMastermind, chats with Auto Remarketing senior editor Joe Overby about the latest used-car product launches at the company and why data mining is important in finding ideal ready-to-buy customers and potential used cars to fill up inventory. […] [Read More]

Used-car sales this month are likely to be down slightly from June, but beat-year ago figures by 9%. That’s according to the latest forecast from ALG, a subsidiary of TrueCar. Specifically, ALG is forecasting 3,759,781 pre-owned sales for July, which would be 1% softer than June but a 9% year-over-year-hike. Not to mention, according to […] [Read More]

Fitch Ratings dissected Hertz’s interim settlement and agreement with investors that the rental-car company finalized in recent days; a six-month strategy to de-fleet and realign its business while paying down note liabilities in connection with its asset-back securities. The analysis also gave an inkling as to how many Hertz vehicles might be flowing through the […] [Read More]

The coronavirus pandemic is preventing numerous in-person business meetings and other gatherings. But JM&A Group is still trying to keep its dealers and other clients informed about company developments and other industry trends that might have been shared across boardroom tables or in small get-togethers. In an effort to further engage automotive professionals and provide […] [Read More]

Auto-loan fraud is a significant challenge to the auto-finance industry — one that actually grew during the pandemic. Auto-finance fraud reportedly cost the industry $7 billion in 2018 alone and resulted in damage to business reputation and compliance issues. Better regulation and enforcement are helping to curb the problem but either means more difficult compliance […] [Read More]

Many automotive lenders face challenges today associated with maintaining compliance in all facets of their business. Automotive loan compliance requires knowledge of federal regulations the govern applications, processes and practices. While it can be assumed lenders strive to remain compliant to the rules and regulations that govern them, remaining compliant can become a struggle if […] [Read More]