Fisker is going public by way of merging with a special purchase acquisition company. The e-mobility and tech company said Monday it entered an agreement with Spartan Energy Acquisition Corp., an SPAC sponsored by Apollo Global Management affiliate, to merge Spartan and Fisker. Fisker would then be a publicly traded company on the New York […] [Read More]

The week ending July 5 marked the fifth straight that there were at least 100,000 auction sales of vehicles up to 8 years old, according to the latest Used Market Update from J.D. Power. Specifically, the company estimated the weekly auction sales total at 100,000 units, which is down from 110,000 the week before. However, […] [Read More]

After appearing at Used Car Week and in other content produced by Cherokee Media Group, Edmunds senior manager of insights Ivan Drury made his Auto Remarketing Podcast debut to elaborate about the recent analysis his team completed involving used vehicles and financing of those units. Drury also touched on some interesting trends involving trades that […] [Read More]

Auctions are pushing more vehicles through the wholesale system. Dealerships are seeing increases in retail-vehicle sales. Finance companies are building their portfolios, too. Might seem like a pandemic isn’t even impacting daily life, right? While the automotive industry has been a bright spot in recent weeks, an array of business owners, economic experts and policymakers […] [Read More]

In this episode of the Auto Remarketing Podcast, senior editor Joe Overby catches up with PureCars chief executive Jeremy Anspach. They talk about automotive advertising during the pandemic, the various channels advertisers are using, manufacturing shutdowns, the turnaround in used cars and more. To listen to the episode, click on the link available below, or visit the Auto […] [Read More]

My how the tables have turned! This time, it is Joe and Nick who are interviewed on the Auto Remarketing Podcast. In this "reporter's notebook"-style episode, former sports broadcaster and current PA announcer/conference emcee extraordinaire Bill Zadeits talks to the guys about the surreal first half of 2020 in used-car retail, wholesale auctions and auto […] [Read More]

In each of the four full weeks of June, used-car sales at franchised dealerships exceeded pre-virus forecasts by double-digit percentages, according to J.D. Power’s Used Vehicle Impact Report released Tuesday. For the week ending Sunday (June 28), used sales for franchised dealers were 12% stronger than what pre-pandemic forecasts called for. This performance followed gains […] [Read More]

With the new July 15 federal tax filing deadline fast approaching, the 2020 tax season has been anything but typical. This has added yet another disruptive layer to the developments that have buffeted the used auto market across the country. Billions of undistributed dollars remain on the IRS balance sheet, throwing into flux our ability […] [Read More]

Supplies and incentives are running a bit short in the new-car market. And for cost-conscious shoppers, certified pre-owned may prove to be an attractive alternative, according to an analysis from Edmunds. When June started, new-vehicle inventory levels were only two-thirds of what they were a year ago, Edmunds said, thanks to the impact of factory […] [Read More]

The Blue Oval is providing a safety net for individuals who are considering a certified pre-owned vehicle, as well as a used or new model, and financing the deal through its captive. In light of the unsettled economy impacted by COVID-19, Ford on Monday announced a program dubbed Ford Promise that gives consumers the option […] [Read More]