While still up double-digit percentages, the growth in commercial vehicle volumes at auction is starting to slow. And that’s to be expected, according to the National Auto Auction Association. Through the first three quarters of 2024, commercial vehicle sales at auction have climbed 25.6% compared to the first nine months of 2023, NAAA said in […] [Read More]

Tom Oscherwitz was one of the first employees hired by the Consumer Financial Protection Bureau. Oscherwitz now is general counsel and regulatory advisor at Informed.IQ, an AI software company with a specialty in auto financing. In this episode of the Auto Remarketing Podcast, Oscherwitz highlighted what he found during a recent search of the CFPB’s […] [Read More]

Chase is leveraging the power of transportation to help more people near Dallas and beyond. Last week, Chase announced a $1 million investment in Dallas-based On The Road Lending to get more people behind the wheel so they can earn a better wage. By getting low-interest financing to purchase a fuel-efficient and reliable car, each […] [Read More]

CarGurus has graduated from Cambridge and moved into Boston. The company, which provides a digital platform for shopping, buying and selling vehicles, said Thursday it has opened its new global headquarters in the Back Bay neighborhood of Boston. The move to 1001 Boylston Street — where its 225,000-square-feet of workspace will anchor the Lyrik mixed-used […] [Read More]

CARFAX is estimating that upwards of 138,000 vehicles were flood damaged by Hurricane Helene, which caused destruction in at least six Southeastern states. Of those, the one with the most water-damaged vehicles from the hurricane is Florida at 60,700 vehicles. South Carolina is second at 27,500, followed by North Carolina at 22,900 and Georgia at […] [Read More]

Swickard Auto Group has added a fourth Toyota dealership to its roster and expanded its presence near San Francisco. The retailer said Wednesday it has purchased Toyota 101 in Redwood City, Calif., which has been renamed Swickard Toyota 101. “We are incredibly excited to welcome the talented team at Toyota 101 to the Swickard family,” […] [Read More]

The more researchers examine the current state of household finances, the more they’re uncovering plenty of negative trends. The two newest developments surfaced this week from The Federal Reserve Bank of New York’s Center for Microeconomic Data and the LegalShield Consumer Stress Legal Index (CSLI). The New York Fed released its September 2024 Survey of […] [Read More]

Go Auto plans to continue to grow and the dealership group is interested in acquiring franchises in Western Canada, the dealership group’s president Phil Abram told Auto Remarketing Canada. But it is also eying further expansion in the United States, he said. “Acquisitions are always challenging to forecast in terms of exact timelines, but I […] [Read More]

Lithia & Driveway’s first foray into international markets was through a Canadian acquisition and LAD president and CEO Bryan DeBoer has said the publicly listed dealer group will continue to grow in Canada. “Canada has been our top target for growth outside of the United States with its similar business practices and a market opportunity […] [Read More]

When Phoenix Raceway hosts the NASCAR Cup Series Championship next month, Carvana and its home state of Arizona will be front-and-center for driver Jimmie Johnson’s No. 84 Toyota. The online used-car retailer partnered with Johnson and LEGACY MOTOR CLUB for Carvana’s Fan Design Contest, which gave fans the chance to design the paint scheme for […] [Read More]