One of the impacts of stronger used-car retail sales is downward movement in supply, both in terms of retail and wholesale figures. According to a mid-month update of the Manheim Used Vehicle Value Index, the supply of retail used vehicles was most recently at 34 days (based on a vAuto data-driven, seven-day estimate). A typical […] [Read More]

It’s a question probably executives from throughout the automotive industry are asking. But a quartet of consignor representatives will try to tackle it during the 2020 IARA Virtual Summer Roundtable hosted by the International Automotive Remarketing Alliance. A consignor panel discussion on Aug. 20 titled, “Where Do We Go from Here?” will be moderated by […] [Read More]

Nick Zulovich welcomed the most guests ever to appear in a single episode of the Auto Remarketing Podcast to discuss a complicated topic: personal information contained within a vehicle’s infotainment system. The guests included Matt Arias, associate vice president of operations at America’s Auto Auction, Keely Smith, director of business services at AutoIMS, and Privacy4Cars.com […] [Read More]

After a strong start to the year, with used retail unit sales up 16% year-over-year for the first two months of 2020, pre-owned sales in Canada for AutoCanada started to take a hit in mid-March amid the COVID-19 pandemic.  But based on the latest quarterly earnings results shared in early June, used-car sales for the […] [Read More]

What Congressional lawmakers and the White House do in the coming days to enhance federal assistance to help consumers and businesses get through the coronavirus pandemic are likely to impact bankruptcy filings, according to the executive director of the American Bankruptcy Institute (ABI). According to data provided by Epiq, ABI reported that bankruptcy filings declined […] [Read More]

For what it’s worth amid so much uncertainty nowadays triggered by the coronavirus pandemic, auto-finance defaults are at the lowest point recorded by S&P Dow Jones Indices and Experian going back 10 years. According the data through June released on Tuesday morning, the auto portion of the S&P/Experian Consumer Credit Default Indices dropped 16 basis […] [Read More]

Based on the first half of July, the Manheim Used Vehicle Value Index is on pace to set an all-time record for the second straight month. That’s according to a mid-month update from parent company Cox Automotive, which said wholesale vehicle prices through July 15 were up 4.4% from June. The mid-month reading of the […] [Read More]

Manheim added six more locations to its in-lane bidding pilot program on Monday, but pushed back the pilot of another. All told, Manheim now has 35 auction locations piloting in-lane bidding. A company spokesperson said via email that added to the pilot this week are: Manheim El Paso Manheim Hawaii Manheim Louisville Manheim New England […] [Read More]

Similar to how other organizations have had to do with their in-person events, the National Independent Automobile Dealers Association is taking its annual showcase to the digital world. According to an announcement distributed late on Friday, the 2020 NIADA|NABD Convention and Expo is going fully virtual. Due to ongoing and recent developments in the COVID-19 […] [Read More]

Warren Henry Auto Group is grooming future automotive technicians who still are high-school students. The group that’s been in business since 1976, recently announced the new Warren Henry Technician program in partnership with Miami Dade Public Schools. With this initiative, Warren Henry is hoping to reduce the current shortage of technicians in south Florida and […] [Read More]