Today's episode of the Auto Remarketing Podcast features Chris Little, who is vice president of variable operations and a market area VP at Hendrick Automotive Group. Little and Cherokee Media Group president Bill Zadeits discuss the automotive market rebound, how Hendrick weathered COVID-19 challenges and bright spots that have emerged. Little also talks about Hendrick's emphasis […] [Read More]

Less than a week after enhancing its presence in five markets, IAA on Wednesday announced branch capacity expansions across four more key markets in Florida, New York, Alabama and Montana. IAA highlighted these expansions increase inventory storage capacity in total acres by more than 50% across the four branches in the markets of Miami (Florida), […] [Read More]

The Canadian Black Book Wholesale Used Vehicle Retention Index, which covers vehicles 2 to 6 years old, was down 5.0% year-over-year in May and fell 3.1% month-over-month, according to an update from the company this week. The index’s reading was at 100.5 in May. In the last three months, it has dropped 7.8 points since […] [Read More]

The Consumer Financial Protection Bureau was on the receiving end of two separate actions this week aimed at dramatically changing how the agency operates. First, a collection of consumer advocate groups is suing the CFPB and director Kathleen Kraninger for unlawfully creating and operating the taskforce on federal consumer financial law in violation of the […] [Read More]

Michael Bor, chief executive officer of CarLotz, joins the Auto Remarketing Podcast, where he provides an update on the company and how its stores and operations have adjusted to the pandemic, as well has how they have begun to recover. Plus, Bor discusses the online car-buying option from CarLotz, its work with commercial consignors, the gap […] [Read More]

AutoNation began a program this week where for the next two-plus months, it will offer free vehicle sanitization for first responders from 1-4 p.m. each Tuesday at its dealerships. The program, which started Tuesday and runs until Aug. 25, can be utilized at any AutoNation store. First responders can have their personal or work vehicles sanitized […] [Read More]

The Greater New York Automobile Dealers Association has brought on a former top official with the state’s DMV to serve as its director of dealer compliance. Thomas Higgins, who was the deputy commissioner of compliance for the New York State Department of Motor Vehicles, spent nine years with the DMV, and will now help GNYADA […] [Read More]

HyreCar said its carsharing marketplace for ridesharing and delivery not only is back on a track the company enjoyed before the coronavirus pandemic arrived, but it’s also actually on a record-setting pace. HyreCar also announced the completion of a new auto insurance program with Lloyd’s Apollo 1969 syndicate. “We are very happy that our weekly […] [Read More]

CARFAX continues to receive accolades for its employment environment. The vehicle history report provider has been named one of The Washington Post’s 2020 Top Workplaces in the Washington, D.C., area for the seventh consecutive year. CARFAX said this week that the firm is just one of 14 companies to receive the prestigious honor seven times […] [Read More]

MBSi Corp. and Resolvion are making sure their firms are fully prepared when finance companies begin to start repossession and recovery activities again in full force. The companies announced on Wednesday that they reached an agreement to complete full integration of Resolvion’s Wombat system with MBSi’s new RecoveryConnect platform.  Both firms have been in transition […] [Read More]