As the company’s chief executive officer shared his five broad perspectives about the ongoing economic crisis created by the coronavirus pandemic, Ally Financial also offered more details about how it’s worked with dealer clients. During the company’s quarterly conference call with investors on Monday morning, Ally Financial chief financial officer Jennifer LaClair said 72% of […] [Read More]

It’s no secret that in looking at various surveys and studies on vehicle reliability, Toyota and Honda usually stand out. Those automakers also stand out in affordability. That is according to iSeeCars’ most recent study, which is titled “Best Affordable Used Cars” and lists “reliable and safe used cars" by price and segment. But other […] [Read More]

Recent Auto Remarketing reports chronicled the swift declines in wholesale activities at auctions and the softening of vehicle retail sales at dealerships. The data science team at Womply, a software and API company serving small businesses and app developers, looked to quantify the impact of COVID-19 on segments of the automotive industry that might be used […] [Read More]

Used-car inventory levels at dealerships in the major cities most impacted by COVID-19 are, for the most part, climbing — including a big spike to begin April. That’s according to a data analysis from CarStory, which continues to track the auto market effects from the pandemic throughout the country, including the most heavily affected cities […] [Read More]

Based on auto industry analyses, a rough March for used-vehicle sales appears to have spilled over into April, and as PureCars says in its latest COVID-19 report, dealers are “facing obvious headwinds” in pre-owned. But, some silver linings: the dive in used- and new-car sales appear to have hit its trough, according to Cox Automotive. And […] [Read More]

Fitch Ratings offered some sobering assessments of current dealership finances on Monday when revising its dealer floorplan (DFP) asset-backed securities (ABS) performance outlook, mentioning some of the same unprecedented conditions dealer groups and principals now are facing as vAuto founder Dale Pollak did in an open letter posted on Good Friday. Fitch revised this particular […] [Read More]

Cherokee Media Group president Bill Zadeits returns to his broadcasting roots for the latest episode of the Auto Remarketing Pocast, where he talks with Troy Blackwell, chief operating officer of NuVinAir. NuVinAir,  whose services are "more relevant today than ever,"  Blackwell said, has patented technology initially designed to cut vehicle odors, but that has since pivoted […] [Read More]

Kelley Blue Book says Subaru “continues to grow from strength to strength.” The automaker over the past couple of years added a new model, the three-row Ascent SUV, and has established a reputation for brand-specific features like all-wheel drive and safety features such as EyeSight drivers’ assists. Because of all of that, Subaru won the […] [Read More]

On Tuesday, Black Book’s analyst team offered nearly a dozen observations about what’s happening at auctions and dealerships nowadays, recapping the trickle of activities still happening in digital auction lanes and store showrooms. As auctions try to restart more sales, Black Book reported that what wholesale activity has been happening during the coronavirus pandemic resulted […] [Read More]

With millions of Americans working from home due to office and school closures, the Auto Care Association acknowledged many dealerships and other industry participants are wondering about vehicle miles traveled (VMT) statistics. The association explained VMT statistics are correlated with the health of the entire automotive industry — the more miles driven, the more that […] [Read More]