With the peak of hurricane season now upon us, new data from CARFAX showed flood-damaged vehicles are resurfacing across the country. CARFAX estimates there are 408,280 flood-damaged vehicles on the roads nationwide, and experts said that number will likely rise following Hurricane Dorian that impacted the Southeast earlier this month. Vehicles reported as flood-damaged by a […] [Read More]

Susan Schmidt, vice president for the U.S. Consumer Credit Group at PayPal, joins the show to talk about PayPal Credit's business-to-business applications, its presence in the auto-parts business and potential for expansion. The full episode can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest […] [Read More]

Experian Automotive’s second-quarter data pegged the average monthly payment for a new vehicle at $550. That’s $25 higher than a year ago. That climb figured in part to new AAA research showing that average annual cost of vehicle ownership jumped 24% to $9,282, or $773.50 a month. That’s the highest cost associated with new vehicle […] [Read More]

This week, the Virginia Automobile Dealers Association (VADA) expanded its preferred endorsement of Dealertrack Registration and Title Solutions. VADA’s support for the company’s solutions now includes Accelerated Title in a continued effort to improve efficiency and bring a more modern, streamlined and electronic registration and title process to Virginia dealers. “Expanding our preferred endorsement to […] [Read More]

Verifying income can be an expensive process for finance companies; one where the cost can become even steeper if the contract holder falls into delinquency and is eventually charged-off because the individual didn’t have steady enough money to support monthly payments. PointPredictive is looking to help finance companies avoid both of those scenarios with its […] [Read More]

When vehicle owners opt for branded audio systems, the cost is worth the value it brings to those owners and the manufacturers. That is according to Brent Gruber, who is the senior director of the automotive quality practice at J.D. Power. “Specifically, when consumers are happy with their branded audio system experience, it ultimately moves the […] [Read More]

Peter Kelly says OPENLANE, a business unit of KAR Auction Services, is celebrating its 20th anniversary and sharing its success by helping the cause of the United Food Bank of Mesa, Ariz. “We’re honored to commemorate our landmark anniversary and share our success by contributing to their efforts to alleviate hunger and poverty,” said Kelly, […] [Read More]

Fair said Thursday it is buying Ford Motor Credit’s Canvas vehicle subscription service. Terms were not disclosed. Customers using Canvas, a wholly owned subsidiary of Ford Credit established in 2017, will transition to Fair, if they so choose. The Canvas team itself will make the move to Fair, as well.  Fair said in a news […] [Read More]

A dealer lands a potential customer who has changing vehicle preferences; wanting a sporty model for a while before switching to a hulking SUV. That scenario makes signing a vehicle lease or a retail installment contract prohibitive. DriveItAway says its mobile tool that has developed traction in the “gig” economy for ride-sharing services such as […] [Read More]

Kroll Bond Rating Agency spotted typical season deterioration when analysts compiled their observations of the August auto loan indices based on performances in the auto asset backed securities (ABS) market. Analysts said in their report released this week that collateral performance in KBRA’s Non-Prime Auto Loan Index continued to “underperform.” For August, KBRA determined annualized […] [Read More]