The unusual summertime wholesale price movements seen by both KAR Auction Services and J.D. Power Valuation Services might push the costs that dealers face in the lanes nearly 3 percent higher by the time the year ends. The August price updates from both companies conveyed notable wholesale price surges, with KAR chief economist Tom Kontos […] [Read More]

In the Nov. 1 issue of Auto Remarketing, we are celebrating both the NAAA Convention and a huge milestone for the association: its 70th anniversary. Given the magnitude of this anniversary, we want auctions to participate in the editorial content of this issue In a big way. Here's how auctions can get involved: 1. Submit photos for […] [Read More]

If you have ever heard the emcee’s voice echo over the speakers at Used Car Week and been reminded of Brad Nessler or Chris Fowler, there’s a good reason for that. That emcee you hear, conference chairman and Auto Remarketing group publisher Bill Zadeits, was a sports broadcaster in a former life. And two of […] [Read More]

Perhaps it wasn't quite as sharp as a pivot made by hockey stars Sidney Crosby or Connor McDavid, but TransUnion’s latest Canada Industry Insights Report found what experts are describing as a potential inflection point with regard to how much debt consumers are willing to add to their family balance sheets.  TransUnion indicated the average […] [Read More]

Auto-finance industry participants that know the name Fiserv now have a new moniker to place in their contact listings. On Thursday, Fiserv Lending Solutions announced the launch of its new brand identity. The joint venture between Fiserv and Warburg Pincus will now be known as Sagent Lending Technologies, a new identity that reflects the company’s […] [Read More]

Carvana has entered the Big Apple, its largest market to date. The online used-car retailer announced Thursday that it has launched as-soon-as-next-day vehicle delivery in New York City, and car shoppers in the city can now shop Carvana.com's over 10,000 vehicles and schedule free vehicle delivery, all online. Carvana brought attention to its launch in […] [Read More]

Another month, another best-ever month for used-car value retention. Canadian Black Book said in an analysis this week that its Used Vehicle Retention Index reached 103.6 last month, which is the highest level recorded in the 13 years of the index. The last time the index hit a record? July. CBB attributed the high used-car retention […] [Read More]

Dealers can pick up tips specifically regarding transitioning, change management and strategizing for the future at Kijiji’s tri-city conference — DealerTalkx 2018. Kijiji has announced that this year’s DealerTalkx conference theme is ‘The Agile Dealership’ and will be held in Calgary, Toronto and Montreal. The conference in Calgary convenes Thursday, while the next conference in Toronto […] [Read More]

Automotive Personnel founder and chief executive officer Don Jasensky tackled one of the most challenging work elements facing both employers and employees — financial compensation. Jasensky, who established his human resources firm in 1989, pinpointed what he believes are three key influences on the figure that might arrive in your bank account regularly. He articulated […] [Read More]

A leading provider that helps buy-here, pay-here dealers track their vehicles as defaults and repossessions arise now is getting involved with a firm that’s been providing another way for buyers to generate down-payment funds. This week, HyreCar, the carsharing marketplace for ridesharing, through its alliance with DriveItAway and its dealer-focused shared mobility mission, announced a […] [Read More]