Manheim added 13 locations to its in-lane bidding pilot on Monday, meaning 30 locations are now included, the company said in operational updates. Dealers at the pilot locations are able to bid in-lane through Digital Block sales, which include in-lane bidding on site at Manheim auctions with a live auctioneer and simulcast. Vehicles remain stationary […] [Read More]

Here’s an encouraging sign for the Canadian used-car market from June: at least two automaker programs had their strongest months ever for certified pre-owned, and a third, is gaining ground. Starting with Hyundai, it reported its strongest certified pre-owned sales month of all time, selling 1,246 certified vehicles in June. That’s a 26% year-over-year hike […] [Read More]

The International Automotive Remarketing Alliance (IARA) finalized the agenda for its 2020 IARA Virtual Summer Roundtable, which is scheduled for Aug. 20. Set to bring viewpoints from consignors and dealers, the agenda includes nine segments. According to an update from IARA sent to Auto Remarketing over the weekend, the schedule is as follows: 9-9:20 a.m.: […] [Read More]

Finding valuable trade-ins that can be turned quickly are likely even more important to dealerships now in a COVID-19 retail world. To help dealerships locate those treasured vehicles, technology firm Outsell launched what it’s calling Outsell Equity, which is designed to help dealers identify buyers who are most likely to trade in their vehicles for […] [Read More]

TurboPass is continuing to build relationships with finance companies that specialize in subprime paper. Soon after announcing a finalized strategic partnership with Turner Acceptance, TurboPass also shared that it’s working with Automotive Credit Corp. (ACC) to leverage its universal income validation solution and find more details about consumers’ ability to pay on a retail installment […] [Read More]

The Consumer Financial Protection Bureau made a series of personnel moves last week, including the creation of a new division. Most notably, director Kathleen Kraninger announced that Thomas Pahl will serve as the deputy director of the bureau. Pahl has served as policy associate director for research, markets, and regulations since April 2018. Previously, Pahl […] [Read More]

Mark Luber is hitting the ground running as the chief product officer for Equifax United States Information Solutions (USIS). Just a few days after announcing he joined the company from Cox Automotive, Luber highlighted the newest tool from Equifax; the addition of industry-specific FICO score segmentation data to Equifax weekly U.S. national consumer credit trends […] [Read More]

The next chapter in Chip Perry’s professional career officially began last Friday; this time with another start-up. The executive who previously has served as a leader with The Los Angeles Times, Autotrader and TrueCar became president and chief executive officer of A2Z Sync, a software and dealer-services company that says it can enable dealers to […] [Read More]

The week ending July 5 marked the fifth straight that there were at least 100,000 auction sales of vehicles up to 8 years old, according to the latest Used Market Update from J.D. Power. Specifically, the company estimated the weekly auction sales total at 100,000 units, which is down from 110,000 the week before. However, […] [Read More]

After appearing at Used Car Week and in other content produced by Cherokee Media Group, Edmunds senior manager of insights Ivan Drury made his Auto Remarketing Podcast debut to elaborate about the recent analysis his team completed involving used vehicles and financing of those units. Drury also touched on some interesting trends involving trades that […] [Read More]