Dealers are caught juggling how to structure their inventory as shopper activity and purchase intension climbs to levels registered before the coronavirus pandemic arrived, according to information and observations shared by Black Book and TrueCar on Tuesday. And the trends are particularly important considering that the crucial Memorial Day sales weekend is straight ahead. TrueCar […] [Read More]

Racing enthusiasts watching the upcoming Memorial Day weekend race in Charlotte will see seven-time NASCAR Cup Series Champion Jimmie Johnson driving a Chevrolet Camaro ZL1 1LE with a subtle olive drab color. The vehicle will feature white military stenciled numbers and exposed rivets inspired by WWII military vehicles. Johnson and his sponsor Ally Racing on […] [Read More]

Along with announcing an enhanced vehicle cleaning and sanitization process, Hertz also revealed it will be looking to navigate through its current financial challenges triggered by the coronavirus pandemic with a new president and chief executive officer. According to a news release distributed on Monday morning, Hertz said its board of directors has named Paul […] [Read More]

Mike Cavanaugh, executive vice president at MAX Digital, returns to the Auto Remarketing Podcast to talk about using data to make smart used-car acquisitions and decisions, metrics to watch, how dealers are getting creative to find the right used inventory and more. To listen to this episode, click on the link available below, or visit the Auto Remarketing […] [Read More]

The improvement in retail used-vehicle sales at franchised dealerships is now more rapid than the gains in their new-vehicle sales. And that’s helping to spur continued growth on the wholesale side of the pre-owned market, according to J.D. Power. This week’s J.D. Power Auto Industry Impact Report shows that used-vehicle sales at franchised dealerships so […] [Read More]

In a wide-ranging conversation, well-known finance-industry executive Daniel Parry, who now is the chief executive officer of TruDecision, joined Nick Zulovich for this episode of the Auto Remarketing Podcast to discuss his ongoing data analysis not only of auto financing, but also the reporting of COVID-19 cases on a state level. Parry also shared his […] [Read More]

To support independent dealers as they work through the economic impact of COVID-19, Automotive Finance Corporation introduced its customer-relief program to customers on March 24. On Tuesday, AFC said more than 10,000 customers have taken advantage of the program. AFC, a business unit of global vehicle remarketing and technology solutions provider KAR Global, has deferred […] [Read More]

As Hertz scrambles to modify its monthly vehicle-lease payments and other financial commitments, Fitch Ratings is bracing for the growing possibility the rental-car company soon will be filing for bankruptcy because of the collapse of the travel industry due to the coronavirus pandemic. On Tuesday, Fitch Ratings said it downgraded all of the outstanding asset-backed […] [Read More]

Experian senior director of dealer intelligence Amy Hughes joined Nick Zulovich for this episode of the Auto Remarketing Podcast to share trends the company has found through its consumer survey data that’s updated daily. Hughes touched on topics such as when potential buyers might make a purchase, how vehicle history reports are playing a role […] [Read More]

NextGear Capital Scott Maybee joins the Auto Remarketing Podcast to discuss how the company is helping dealers during COVID-19, a resource hub and more. The company had announced in late April that it would continuie to defer curtailment and extension payments for eligible floorplan advances. The company is taking that action through May 31 for all […] [Read More]