The International Automotive Remarketers Alliance will be holding its annual Summer Roundtable this month at the Sheraton Grand in Chicago. The event is scheduled for Aug. 21 and Aug. 22. The event begins with a day of board committee meetings on Aug. 21, followed by a dinner to honor graduates of the Certified Automotive Remarketer […] [Read More]

 A shade over 29% of new-vehicle sales in the first quarter of the year were leased, according to Experian’s latest State of the Automotive Finance Market report. That’s down a smidge from 29.83% a year earlier, but Experian notes in the report that a lease “continues to be a sought-after product, generating payments on average […] [Read More]

Why is car subscription the way of the future for dealerships? How can dealers ease their dealerships into the new mobility services? And how can dealers dip their toes into mobility services instead of diving head first into the deep end? Those are just some of the topics covered in a new Cox Automotive Mobility […] [Read More]

Roughly three months after ServNet first announced a change in leadership was in motion, the collection of independent auctions revealed who will be leading the group. According to a news release distributed on Friday afternoon, ServNet president Eric Autenrieth announced the appointment of industry veterans John Brasher and Robert Sullivan to head ServNet’s executive team.  […] [Read More]

This week, a judge sentenced a Wisconsin man to more than 10 years in prison after the Justice Department secured an indictment earlier this summer in connection with the orchestration of a Ponzi scheme that included the fraudulent financing and retailing of luxury vehicles involving more than $30 million. U.S. Attorney Matthew Krueger of the […] [Read More]

Repossession of 113 vehicles and violations of vehicle-lease mandates are going to cost Nissan Motor Acceptance Corp. (NMAC) nearly $3 million. The Department of Justice recently announced that NMAC has agreed to pay almost $3 million to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA). The suit alleged that NMAC repossessed 113 […] [Read More]

As the Ron Marhofer Auto Family celebrates its 100th anniversary, you might ponder: How does a family-owned business that started in 1919 as a vehicle repair garage survive for a century? It changes with the times, all while finding its niche and becoming good at it. For the Marhofer family, that meant adding its first […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Vince Zappa, president of Clutch Technologies.  Auto Remarketing: What is the biggest misconception that folks have about vehicle subscriptions? […] [Read More]

Compared to July 2018, Canadian median used-vehicle prices have risen by 6.8%. Asian-manufactured used vehicles, at 10.3%, showed the largest year-over-year price increase. And the Ford F-150 was the most commonly searched vehicle on autoTRADER.ca from late June to late July. Those are just some of the findings from the July autoTRADER.ca Price Index. The index, […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Randy Kobat, who is the senior vice president and general manager of vAuto, HomeNet, iRecon and Dealertrack DMS at Cox […] [Read More]