Just like some of its auto finance company clients, CalAmp is diversifying its portfolio beyond its GPS solution division that can help with recoveries and mitigate risk. On Tuesday, CalAmp announced a strategic partnership with Pioneer Electronics to expand connected vehicle services through Pioneer’s aftermarket and installation specialist channels in the United States. Technavio market […] [Read More]

The roster of partners on Hudson Cook’s legal team became larger this week. The firm announced attorneys Anastasia Caton and Erica Kramer have been promoted to equity partners of the firm, effective Jan. 1. With their addition, 18 of the firm’s 40 equity partners are female. Caton, a resident in the firm’s Washington, D.C. office, […] [Read More]

Sheehy Auto Stores has announced donations of $135,000 among 19 charities throughout the communities they serve in Washington, D.C., Baltimore and Richmond, Va.  The donations are part of Sheehy’s Annual Giving Program whereby each dealership partners with local non-profit organizations.   “Sheehy Auto Stores is pleased to continue our annual end of the year giving campaign that supports […] [Read More]

The top 15 cars that original owners keep for 15 years or more are exclusively Japanese models and predominantly Toyotas, according to a new study by iSeeCars.com. Earning the top spot is the Toyota Highlander midsize SUV, with 18.5 percent of original owners keeping the vehicle for 15 years or more, two and a half […] [Read More]

KAR Auction Services executive Peter Kelly has been named president of the company, a newly created position. In a news release Tuesday, KAR said the new role is, “aimed at aligning KAR’s strategy and execution to streamline operational integrations, enhance product development, and accelerate growth,” and follows years of investments and acquisitions that have significantly (and […] [Read More]

Joe catches up with NextGear Capital's Randy Dohse at Used Car Week to talk about the B2B applications of fintech in automotive floorplan finance, how macro-economic trends impact the space, opportunities for growth at NextGear and more. The podcast discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also […] [Read More]

Black Book’s latest wholesale observations — both its Used Vehicle Retention Index for December as well as its Market Insights report recapping the opening week of 2019 — highlighted softening prices, reinforcing what one auction told editors that tax season might be “more of a myth than a reality.” Beginning first with the December Used […] [Read More]

Auto finance defaults ticked up slightly in November, but the rate still remained below 1 percent, according to the most recent data compiled by S&P Dow Jones Indices and Experian. The auto finance segment of the S&P/Experian Consumer Credit Default Indices increased 1 basis point to 0.93 percent, but the reading stayed below that 1-percent […] [Read More]

Buy-here, pay-here dealers who already delivered vehicles based on expected federal tax refunds likely let out a collective sigh of relief stemming from an announcement the Internal Revenue Service made late on Monday. Despite the government shutdown, the IRS confirmed that it will process tax returns beginning Jan. 28 and provide refunds to taxpayers as […] [Read More]

Gyms are packed in January; then half empty in February. Individuals struggle to achieve their goals, and so do organizations like buy-here, pay-here dealerships — sometimes for different reasons. For more than 30 years, Jim Jackson has worked as a performance coach to leaders, business owners and sports teams — both professional and college. He […] [Read More]