A new agreement between research company J.D. Power and an industrial artificial intelligence and IoT software company will allow J.D. Power to “provide insight into the behaviors and failure modes of millions of connected devices,” according to J.D. Power’s president and chief executive officer, Dave Habiger. J.D. Power and Chicago-based Uptake Technologies will team to develop […] [Read More]

How vehicles move through the wholesale market continues to evolve as evident by the new remarketing partnership announced on Tuesday by Auto Financial Group (AFG) and CarLotz. Through this relationship, AFG highlighted that its clients will have access to a comprehensive remarketing solution that’s designed to simplify their process and place vehicles for sale through […] [Read More]

While edging lower on a sequential basis, Black Book’s Used Vehicle Retention Index for March came in higher than a year ago, reflecting how the ongoing spring market has behaved. On Tuesday, Black Book released its index for March, and the reading stood at 113.8, representing a 0.6% dip from February when it was 114.5. […] [Read More]

The American Bankruptcy Institute reported that the first quarter closed with a decline in bankruptcy filings. According to data provided by Epiq Systems, total bankruptcy filings in March decreased 3% year-over-year. The 73,476 total filings in March were down from the 76,060 total filings during the same month in 2018. Consumer filings also decreased 3% in March […] [Read More]

What the attorneys general in Massachusetts and Delaware alleged as “unfair” auto financing is going to cost Exeter Finance a little more than $6 million in payments back to customers and state penalties. According to a news releases distributed late on Monday, Massachusetts attorney general Maura Healey announced Exeter agreed to a settlement and “will […] [Read More]

The last two years have seen drops in the number of vehicles with unfixed recalls on the road, something that Carfax finds to be “great news,” but tempers it with this: significantly more progress needs to be made. There are currently more than 52 million cars with open recalls, compared to 57 million in 2018 […] [Read More]

Every month, CrashedToys locations host auctions of motorcycles, ATVs, and watercraft. CrashedToys is a brand of Copart, an online auction company that specializes in the remarketing of motorcycles and other powersports units. CrashedToys announced on Friday that its new facility at 8687 Weyand Ave Suite B, in Sacramento, Calif., is now open for business. CrashedToys Sacramento hosts […] [Read More]

Industry professionals vote each year on the annual Consignor of the Year award, honoring “individuals who encourage the use of best practices while also embracing and implementing innovation.” ARI said in a news release that during the Conference of Automotive Remarketing in March in Las Vegas, the company's manager of remarketing operations Chris Clarke was named […] [Read More]

As a military veteran, CarMax Foundation president Matt Aman is well aware of the stress military families face. He also knows how important play is to children of military members. “When you are deployed and away from your family, knowing that they are happy, healthy and supported in the community allows you to focus on the […] [Read More]

The segment of the nation’s economic engine fueled by franchised dealerships ran pretty smoothly last year. In fact, employment and payroll at U.S. franchised dealerships continued to rise in 2018, according to the latest report released on Monday by the National Automobile Dealers Association. In 2018, the nation’s 16,753 franchised dealerships employed 1,136,600 workers, up […] [Read More]