A few automakers have shared their January certified pre-owned sales results with Auto Remarketing Canada, and it appears they are off to a quick start.  For example, Hyundai’s H-Promise certified pre-owned program had its best January ever, moving 852 units. That beat year-ago figures by 41%. Toyota’s 2,459 certified sales to start the year were up […] [Read More]

Overall vehicle dependability has improved 1.5% over 2019, according to a new J.D. Power Study. But according to J.D. Power vice president of global automotive Dave Sargent, that dependability improvement — reported in the recent J.D. Power 2020 U.S. Vehicle Dependability Study — has taken place despite some challenges. One challenge is the increased adoption […] [Read More]

To recognize the dealers leading the certified pre-owned car business, the Feb. 15 issue of Auto Remarketing will feature our annual special section spotlighting "The Best CPO Dealers in the USA."  We reached out to automakers across the CPO spectrum and requested their respective top 10 certified dealer lists based on full-year 2019 sales. The full brand-by-brand CPO […] [Read More]

Global online vehicle auction company Copart has opened its fourth Indiana location. The new 25-acre location in Fort Wayne “has increased our capacity to store vehicles for our sellers and buyers,” Copart chief executive officer Jay Adair said in a news release. Copart Fort Wayne general manager Sheila Mason added, “We look forward to providing […] [Read More]

– In his new post as president of automotive dealership software and services company Dominion Dealer Solutions’ Dealer Specialties division, Shane Marcum will oversee the software and services lines for the company. Marcum will report to Dominion Dealer Solutions president Dan Sykes in his new role leading the Dealer Specialties division, which is a family […] [Read More]

Organizers of the North American Repossessors Summit (NARS) have announced the opening of nominations for their second annual Industry Awards. Designed to honor exemplary repossession professionals, this year’s award categories include Recovery Agent of the Year, Service Representative of the Year, Humanitarian of the Year and Agency Owner of the Year. NARS officials said submissions […] [Read More]

While it still might be a mixed bag for some dealerships on the retail front as we approach the midpoint of February, Black Book already is seeing managers pad their inventories to be ready when customer activities warm up like the thermometer reading. According to the latest installment of the Black Book Market Insights report, […] [Read More]

Anthony Foursha says Craig Pierce’s leadership qualities and “impressive business acumen” have been valuable to fleet services provider ARI. “Craig’s extensive knowledge of the industry’s landscape and his unrivaled ability to understand the tangible ways fleet impacts our customers’ business are certain to fuel our continued growth and success for many years to come,” Foursha, […] [Read More]

Fueled in part by significant increases in commercial cases, the American Bankruptcy Institute (ABI) reported that total bankruptcy filings rose year-over-year in January. And the sequential increase in filings was even more noticeable. According to data provided by Epiq Systems, ABI said total bankruptcy filings increased 1% to 58,126 in January from the 57,657 cases […] [Read More]

Your portfolio might be filling with contract holders from Generation Z — consumers born in or after 1995. Recent research from TransUnion showed that this generation isn’t necessarily just staring at smartphone constantly. These individuals also are getting behind the wheel, and sometimes leveraging auto financing in order to do so. “First and foremost, the […] [Read More]