TrueFrame recently launched its Driveway service that provides live vehicle inspections when purchasing a used car in south Florida. Driveway provides users with a multi-segment comprehensive inspection. TrueFrame is integrated with CARFAX and AutoCheck Reports and currently used by more 1,500 dealerships. “We are excited with the launch of Driveway. We love cars, and we […] [Read More]

Despite a decline in new-car sales projected for a second straight year, analysts say the industry is both healthy and entered the new year with a growing U.S. economy. This year, Cox Automotive senior economist and senior director of industry insights Charlie Chesbrough suggests that the new-vehicle market is following the overall trajectory of the U.S. economy, but he […] [Read More]

Kathy Ward, former president and chief executive officer of Canadian Black Book, passed away on Christmas Eve. She was 60 and had been battling cancer. She had retired in September of 2016, and Brad Rome replaced her as president. “Kathy was a true industry icon and pioneering example of female success in automotive,” Rome said […] [Read More]

Cars.com and the McClatchy news media company announced a deal Thursday that will bring the 17 remaining McClatchy affiliate markets into the Cars.com direct sales channel – a deal Cars.com says will allow it to work more closely with dealers in these markets. Per the agreement, the transition would occur before October of next year. […] [Read More]

S&P Global Ratings described what more subprime paper flowing into the auto loan asset-backed securities (ABS) market did to its readings for November. According to a report published this week, the overall ABS market enjoyed some “mild” improvements in November. Analysts determined that prime collateral performance showed little weakness in losses, delinquencies and recoveries. In addition, the […] [Read More]

Many individuals make a New Year’s resolution to broaden their knowledge base. For industry professionals who made that kind of commitment, especially ones who are involved or are interested in auto finance, the first episode of the Auto Remarketing Podcast of 2018 is geared for you. Before the holidays, Nick had a conversation with Hudson […] [Read More]

Certified pre-owned vehicles sales reached a seventh straight record year by the slimmest of margins. According to Autodata Corp., there was an estimated 2,645,718 CPO vehicles sold in 2017, compared to 2,642,986 sold in 2016. That’s a gain of just 0.1 percent, but it was enough to bump certified sales to their best year on […] [Read More]

Connecting dealer and consumer. Facilitating the relationship. That’s what CarSquid is all about, says its chief operating officer Nicole Whittle. CarSquid, the COO told Auto Remarketing Canada, is an online wholesale auction app aimed at consumers. The app aims to provide consumers with “insider access to dealer inventory and pricing before they are offered to […] [Read More]

Two participants on the Federal Open Market Committee (FOMC) at the Federal Reserve see the target range for the federal funds rate surpassing 4 percent in 2020 with nine other policymakers anticipating that the reading hits at least 3 percent by the end of that year. While many economic and political circumstances could percolate by […] [Read More]

ServNet announced Wednesday that Clark County Auto Auction has been named the newest member of the independent auction group.  Clark County Auto Auction is located in Jeffersonville, Ind., and serves dealers in the southern part of the state, as well as the Louisville, Ky., market area. “I join with the owners of ServNet auctions across the […] [Read More]