In the face of disruption, be empathetic, patient, and open-minded – it will be better one day! I wanted to take a few moments and look back at the last two economic shocks I've experienced in my automotive career. It’s these experiences that can make us stronger and more resilient if we seek to embrace […] [Read More]

The San Francisco Giants had won their first of what would be three World Series titles over the next five years. The iPad was invented. The No. 1 song on Billboard’s year-end Hot 100 was “TiK ToK” by Ke$ha. The year was 2010. And within the auto industry, which began to inch forward that year […] [Read More]

A comprehensive report from iSeeCars.com released earlier this month found there was a 105.5% month-over-month spike in used-vehicle sales for May, with the year-over-year deficit slimming from 38.4% in April to 12.5%. That same report also found that the used-car gains and losses in May tended to vary among geographic areas, vehicle segments, makes/models and […] [Read More]

Jake Levant sees how the vehicle purchasing and financing process has improved for the consumer, but the vice president of marketing and partnerships at Lightico also emphasized that dealerships and finance companies still have some work to do to cut down on the friction buyers still experience. In this podcast, Levant explores how the coronavirus […] [Read More]

Fitch Ratings spotted another place where improving vehicle sales has been good for the automotive industry. Analysts reported this week that dealer floorplan (DFP) asset backed securities (ABS) trust performance metrics — including monthly payment rates (MPR) — have rebounded on the back of new U.S. auto sales rising in May and early June off […] [Read More]

The coronavirus pandemic sabotaged another merger in the financial-services space. Late Wednesday, Ally Financial and Cardholder Management Services (CardWorks) announced that they have mutually agreed to terminate their merger agreement, which had been first disclosed on Feb. 18. According to a news release, the board of directors for each company approved the termination after carefully […] [Read More]

Used-vehicle sales jumped 105.5% month-over-month in May and the year-over-year deficit narrowed from 38.4% in April to 12.5% last month, according to a report from iSeeCars.com. And while the majority of states and major cities were still down year-over-year in May, half of the nation’s 20 largest markets more than doubled their used-car sales from April, […] [Read More]

George Augustaitis, who is director of automotive industry and economic analysis at CarGurus, joins the Auto Remarketing Podcast to talk about how the automotive and economic impact from COVID-19 is different than other crises. He also talks about the used-car market ups and downs around supply and demand, auction trends and pricing. Plus, Augustaitis discusses how […] [Read More]

Dealership service drives already might be seeing fewer appointments for maintenance work such as oil changes and brake jobs because their customers aren’t using their vehicles as much because of the coronavirus pandemic. New survey data on American driving and vehicle fueling habits shows that trends with that part of dealership operations might not be […] [Read More]

Used-vehicle retail sales have struggled in the first half of the year, amid challenges from the COVID-19 pandemic. But bright spots have emerged, including what looks to be strengthening franchised dealer used-car sales in the first half of June, as of press time for this publication. Just consider these data points from KAR Global’s interactive […] [Read More]