September 2022

CDK Global wants dealers to oversee what the company believes is one of their most important parts of their businesses. This week, the automotive retail software provider unveiled what it dubbed, “Data – Your Way.” The announcement came at its second annual CDK CONNECT, an event that brings the industry together and showcases how CDK connects dealers, manufacturers, software developers and consumers. According to a news release, the new initiative will provide dealers the tools to securely import and export data from CDK software at no charge and empower them… Read More »CDK describes ‘Data – Your Way’ & upcoming sales solution launch during company event

Coinciding with the close of the third quarter, PureCars rolled out its latest whitepaper to help dealerships sharpen their advertising strategies. The provider of digital marketing technology and services for automotive dealers called its new whitepaper: “5 Key Takeaways from the 2022 PureCars Digital Advertising Survey.” The paper looks at specific digital advertising trends facing dealers in today’s economy and offers key takeaways to help their businesses overcome industry challenges heading into 2023. Pulling back on ad spending With softening sales this year due to tighter Inventories and higher prices… Read More »PureCars bases new whitepaper on 5 findings from dealer survey

Friday, Sep. 30, 2022, 10:31 AM Here’s another piece of auto finance industry data to consider as you close the books on another month and quarter. While perhaps still relatively modest, auto defaults made their largest month-over-month rise so far this year. According to data from S&P Dow Jones Indices and Experian, the August auto default rate came in at … Source Article

For the second time in September, Launcher enhanced its technology geared to streamline originations via collaboration with an industry partner. After earlier boosting integrated access to CARFAX Vehicle History Reports, this week the company announced an expanded integration of Launcher’s appTRAKER Loan Origination System (LOS) with The Work Number from Equifax, the credit bureau’s centralized commercial repository of income and employment information in the U.S. Launcher reiterated in a news release that appTRAKER LOS was designed for finance companies looking for a more efficient way to consume data to originate… Read More »Launcher boosts LOS with enhanced access to The Work Number

Thursday, Sep. 29, 2022, 04:10 PM Chevrolet showed up in the heart of electric vehicle country one Friday in September to show off its Bolt EV and Bolt EUV (electric utility vehicle). The automaker aims to overcome a setback with its entry-level electric vehicle after it had to recall more than 140,000 because of a battery defect. Despite that glitch, General Motors is betting on a healthy demand for the EV. And indeed, the outlook for the Bolt — both new and used — may be … Source Article

Thursday, Sep. 29, 2022, 03:43 PM Used-car sales are down, prices are up and pre-owned retail inventory continues to expand — slowly but surely. Cox Automotive chief economist Jonathan Smoke, senior economist Charlie Chesbrough and the Industry Insights team drilled down into these trends on the company’s Q3 Industry Insights and Forecast Call on Wednesday. The team found that … Source Article

With the industry surveying damage in Florida as businesses in Georgia and the Carolinas brace to be in the storm’s path, the National Auto Auction Association (NAAA) made a call to help places impacted by Hurricane Ian. NAAA said in an industry message sent on Friday morning that association leadership had been in contact with member auctions that have been affected as they work to assess the damage from the hurricane. “NAAA is thinking of all our members who have been impacted by the storm,” the association said. “These are… Read More »NEW DETAILS: Hurricane Ian roundup on NAAA Disaster Relief Fund, America’s Tampa location & ADESA, Manheim update

Hurricane Ian continued to bring torrential rain and stiff wind to Florida on Thursday before a projected turn toward Georgia and the Carolinas coming on Friday. Auto Remarketing reached out to several wholesale market enterprises and learned that at least one place has been spared significant damage. According to an update from America’s Auto Auction, company officials surveyed their Tampa Bay location. Fortunately, the company said the facility only sustained minor roof damage during the storm.  The company also said AAA staff residing in the Tampa area are safe, although… Read More »NEW DETAILS: Hurricane Ian roundup on America’s Tampa location & ADESA, Manheim update

Thursday, Sep. 29, 2022, 03:35 PM Hurricane Ian continued to bring torrential rain and stiff wind to Florida on Thursday before a projected turn toward Georgia and the Carolinas coming on Friday. Auto Remarketing reached out to several wholesale market enterprises and learned that at least one place has been spared significant damage. According to an update from America’s Auto Auction, company officials surveyed their Tampa Bay location. Fortunately, the company said the facility only sustained minor roof damage during the storm.  The company also said AAA staff residing in… Read More »Hurricane Ian roundup: America’s Tampa location & ADESA update

Thursday, Sep. 29, 2022, 01:36 PM Hurricane Ian made landfall on Wednesday near Cayo Costa, Fla., which is just south of RISC’s corporate headquarters in the Sunshine State. In response to the impact caused by the destructive storm, RISC said on Thursday that the company is waiving all RISC Pro fees for any repo agency located in Florida. RISC said this support is being provided to both new and existing Florida RISC Pro members.  “The extreme devastation from Hurricane Ian is going to severely impact the operations of recovery agencies… Read More »RISC waiving fees for repo agents in Florida