Hyundai Auto Canada Corp. now has had two consecutive months of record-high sales of certified pre-owned vehicles. Its dealers moved 1,366 CPO vehicles during July, said CPO and remarketing manager Charles Plewes via email, kicking off a strong start to the second half of the year. “July was another great month for Hyundai’s H-Promise CPO […] [Read More]

One of the largest trainers of automotive service technicians reinforced its senior leadership on Tuesday. Universal Technical Institute announced two additions to its leadership team in support of the company’s work to accelerate its growth initiatives, while continuing to deliver strong student outcomes and service to industry customers.  Bart Fesperman has joined the company in […] [Read More]

Dealership personnel is likely doing a lot of driving nowadays. Picking up and returning vehicles from appointments in the service drive. Or delivering vehicles to potential buyers for test drives and possible purchase. All of these activities stem from the coronavirus pandemic and stores trying to cater to customers wary of going to the dealership. […] [Read More]

Mike Albert entered the vehicle-subscription business on Tuesday. The company with roots in the fleet and rental spaces for more than 60 years announced that it now offers a monthly subscription vehicle service to customers living within a 75-mile radius of its flagship location in Evendale, Ohio, which is northeast of Cincinnati. Mike Albert explained […] [Read More]

Results of a July survey orchestrated by LendingTree found the depth consumers are putting off vehicle repairs because of tightened household budgets stemming from the coronavirus pandemic, including some figures of individuals who could be buy-here, pay-here dealership customers. The findings reiterated why GWC Warranty offers dealerships tools to help market and promote the potential […] [Read More]

How about this for a change in our coronavirus-impacted world? Experts noticed some consistency in the latest auto-finance trends. According to July auto-finance data Edmunds compiled and shared with SubPrime Auto Finance News, metrics such as term and the amount financed for both used- and new-vehicle financing held steady on a sequential basis. And as […] [Read More]

Lower new-car inventory levels may have some consumers turning to the used-car market. That bears out in a couple of analyses released in recent weeks. According to Dealer Inspire internal data shared by parent company Cars.com, the used-car search share climbed 4.5 percentage points from March 23 to June 23, while new-car search share was […] [Read More]

Another former high-level Cox Automotive executive has landed with a different automotive technology company. Sid Nair, who spent a little less than a year as chief sales officer at Cox Automotive, on Monday became chief executive officer at Affinitiv, a leading provider of data-driven marketing and software solutions to the automotive market. Affinitiv also announced […] [Read More]

Records continue to tumble in the wholesale market. Black Book reported on Monday that the month-over-month increase of its Used Vehicle Retention Index established another record as the July reading came in at 126.0, representing a 10.9-point lift from the June level of 115.1. “July’s growth in the Retention Index broke the month-over-month increase record […] [Read More]

Back in May, Michael Sogomonian, the director of decision science at Digital Matrix Systems, suggested a series of actions finance companies could take to protect their portfolios during the coronavirus pandemic. For this installment of the Auto Remarketing Podcast, Sogomonian revisited those recommendations in light of how risk factors have changed during the past couple of […] [Read More]