While referencing conditions of consumers who might be purchasing particular vehicles in your inventory or are already contract holders within your portfolio, Federal Reserve chairman Jerome Powell reiterated the impacts made by policymakers involving interest rates do not necessarily fire as quickly as a vehicle’s push-button ignition. Powell appeared during another press conference on Wednesday afternoon […] [Read More]

As IAA works to enhance its business model and move further into the digital space, the company is focused on introducing technology and innovation that “[drive] our industry forward while positively transforming the customer experience,” said IAA chief executive officer and president John Kett. “AuctionNow is a prime example of how we can add more […] [Read More]

Auto Remarketing’s Best Auctions to Work For, presented by CARS Recon, is a free workplace study for the auto-auction industry that recognizes the best auto auctions to work for on an unranked basis. It is designed and intended for individual physical auction locations and digital auctions, as well. Digital auction honorees are designated as such. […] [Read More]

To help celebrate its 20-year history as an upstream remarketing platform for OEM, captive finance, financial institution and fleet customers, OPENLANE took part in several charitable activities. One was a $5,000 donation to JDRF, a global organization that funds type 1 diabetes research. On Oct. 10, 25 employees from the OPENLANE Toronto innovation and technology […] [Read More]

While the overall automotive industry might be relatively healthy, no doubt there are dealerships struggling with aged inventory, auctions stressed to keep commercial consignors satisfied and finance companies wringing their hands over compressed margins and wavering portfolio performances. But if you would please indulge me for a couple of moments to convey what’s happening in […] [Read More]

Ruggedness, durability and iconic design. Those are reasons why Jeep Wranglers are known for retaining their value, said iSeeCars chief executive officer Phong Ly. “Because of Jeep’s loyal following, their demand outstrips supply in the used-car marketplace, leading to high resale values.” Ly said in a news release. Jeep models account for the top two spots […] [Read More]

Through a collaboration between Hyundai, Pony.ai and Via, Irvine, Calif., residents can use an app to hail an autonomous Hyundai KONA Electric SUV directly from their smartphone. The companies last week unveiled BotRide, which they describe as a shared, on-demand, autonomous vehicle service operating on public roads. Starting on Monday, a fleet of self-driving KONAs […] [Read More]

Rapid adoption of electric vehicles — a scenario in which EVs represent 30% of Canada’s vehicle stock, compared to less than 3% today — would reduce domestic oil consumption by about 252,000 barrels per day, according to Ernst and Young, or EY. That scenario could result in more new Canadian oil & gas and power […] [Read More]

With only a couple of months remaining in the year, J.D. Power Valuation Services is holding steady on its forecast for where wholesale prices are likely to land by the time 2019 finishes. Reiterating its forecast even though six consecutive months of index increases came to an end in September, analysts said used-vehicle prices are […] [Read More]

A fintech company that says it regularly processes more than $2 billion in mortgages and consumer loans daily in connection with providers such as Wells Fargo and U.S. Bank now is getting into the auto-finance business. This week, Blend launched a new auto financing product, advancing what the digital lending platform calls its mission to bring […] [Read More]