Full disclosure: I have not actually met the band Barenaked Ladies. But after seeing them multiple times in concert and hearing a couple friends from high school — who were superfans and talented musicians to boot — jam to hits like "The Old Apartment" over and over like the world’s best BNL cover band, I feel like […] [Read More]

Some used-vehicle dealers jack up the pricing on their fresh inventory to offset the lack of gross on their aged vehicles. Don’t do that. And don’t advertise your vehicles online without double-checking the pictures and descriptions, either. Unfortunately, those are just two of the many “don’ts” Jasen Rice has seen dealers commit since he started […] [Read More]

Market data can help car dealers make decisions around inventory. But they should be careful, as that data might not tell the whole story, says CarStory president and chief product officer Chad Bockius. In this episode of the Auto Remarketing Podcast and in CarStory's latest whitepaper, Bockius explains why. The whitepaper, titled "Avoid Being Average: […] [Read More]

More than a year later, Hurricane Harvey still is influencing how wholesale prices and used-vehicle sales are analyzed. The record-setting storm that blasted Texas created comparisons that might make metrics appear odd. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used-vehicle prices in September averaged $10,981 — […] [Read More]

This autumn truly represents a season of change for Secure Collateral Management (SCM), a provider of skip-tracing and collateral recovery. SCM is moving its corporate headquarters into a new state of the art facility this fall. Company management highlighted this new corporate office, located in the Lake Highlands area of Dallas, will have the latest […] [Read More]

Dealer Inspire is officially an established Canadian business. The company, which was purchased by Cars.com in February, provides automotive tech and digital marketing solutions. Dealer Inspire is headquartered in Naperville, Ill., and has been partnering with Canadian dealers for five years. It works with roughly 300 dealers there already, along with being a certified provider […] [Read More]

Canadian classifieds site Kijiji has announced a new standalone car-shopping platform: Kijiji Autos. The platform is separate from the company’s existing automotive business (a space it has been in since 2005) and is an all-new automotive research and shopping destination with its own website and app. “Our goal at Kijiji has always been to help […] [Read More]

Dealers hailing from the land of the Midnight Sun and harsh winters now can offer their customers extra protection to help vehicles last longer. On Thursday, Preferred Warranties (PWI), a business unit of KAR Auction Services, announced the company’s expansion into Alaska. In Alaska, PWI has partnered with American Auto Shield to offer a broad portfolio of […] [Read More]

The monthly update surfaced earlier this week about how auto-finance defaults improved again. Perhaps that trend stems at least in part to less subprime paper flowing into portfolios. The latest metrics shared by Equifax indicated that 2.78 million contracts were originated through June to consumers with a VantageScore 3.0 credit score below 620 — accounts that […] [Read More]

Cox Automotive continued to build its Women With Drive initiatives across the globe in celebration of the work women accomplish in the automotive industry every day. This past Monday, more than 125 company employees gathered together at the Mississauga Convention Centre for Cox Automotive Canada’s fourth Women With Drive event. The company described the initiative […] [Read More]