With U.S. House lawmakers set to conduct a hearing on Wednesday to examine the rising costs and potential discrimination happening in auto financing, the April data shared by Edmunds and Kelley Blue Book showed how much more consumers stretched to make a vehicle purchase — especially for new models. Edmunds reported rising prices and tightened […] [Read More]

Retail automotive technology company CDK Global named Mahesh Shah executive vice president, chief product and technology officer. CDK said in a news release that Shah will accelerate innovation, research and development, and building and testing for its product portfolio. He most recently served as senior vice president and general manager of applications and global business process […] [Read More]

In a few special editions of the show, we’re sharing some of the presentations from the recent Auto Remarketing Canada Conference in Toronto. First up is Alan Dickie, who was among the presenters during the Dealer Training Tuesday portion of the conference. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast […] [Read More]

Evidently the closer the wholesale market moved toward May, the more pricing intensity germinating from this year’s spring market started to diminish. This week’s Market Insights report from Black Book offered data that suggested the spring market is beginning to lose some of its steam, especially with units not immediately heading for dealer inventory. “Spring […] [Read More]

Direct Auction Services has named Marco Soria as national operations manager for its Direct Reconditioning division. Soria will work to standardize company processes for all aspects of vehicle reconditioning. Soria most recently served for more than 10 years as operations manager at ADESA Sarasota. Before his time at ADESA Sarasota, he was operations manager at […] [Read More]

Much like the 30 clubs of Major League Baseball, General Motors Financial is spending April through October crisscrossing the country. But instead of fielding grounders and belting out doubles, GM Financial will be providing dealers access to “thousands of the best pre-owned GM vehicles” through its sixth annual Elite Sales series. This year’s baseball-themed series […] [Read More]

Auction Direct USA has upgraded its website to make used-vehicle shopping easier. Visitors to the Auction Direct USA website at auctiondirectusa.com will find up-to-date inventory of available used vehicles, including domestic and foreign-branded sedans, hatchbacks, crossovers, SUVs, minivans and pickup trucks. The company said pickup trucks are popular on the site, and the Chevrolet Silverado, GMC […] [Read More]

Franchised dealerships in the Golden State now have another resource to foster compliance with privacy regulation set to be implemented in less than a year. According to a news release distributed on Tuesday, Helion Technologies has partnered with the California New Car Dealers Association (CNCDA) to educate dealers on how to comply with the California […] [Read More]

Tricolor is looking to a high-level Equifax executive to provide guidance and leadership. The used-vehicle retailer focusing on the integrated sale and financing of vehicles to Hispanic consumers on Tuesday announced the addition of veteran Equifax and financial services executive Dann Adams to its board of directors. Adams will help guide Tricolor’s growth as it […] [Read More]

After reviewing first-quarter data connected with U.S. subprime auto loan asset-backed securities (ABS), S&P Global Ratings discovered cumulative net losses appear to have stabilized, albeit at “relatively high levels,” according to its newest report released on Tuesday. On a segment basis, S&P Global Ratings said its subprime auto loan static index (ALSI) is showing that […] [Read More]