Twice now in roughly the past month, the Consumer Financial Protection Bureau largely became the conversation topic when a collection of dealers gathered, and raucous sounds filled a hotel venue. In September, a fire alarm triggered a brief evacuation as a CFPB representative was in the midst of a segment during the National Policy Conference […] [Read More]

We're back in Atlanta to talk with Cox Automotive chief economist Jonathan about everything used cars. Plus, Jonathan explains why the auto industry is like the song "Feel It Still", by Portugal. The Man. Check out the conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode in […] [Read More]

Craig Schleicher of PwC sees robotic features having a much greater presence in auto finance in the not-so-distant future. No, C-3PO and R2-D2 from Star Wars likely aren’t taking over underwriting and servicing vehicle installment contracts, but the manager of consumer finance at PwC described how robotic process automation (RPA) can be a good thing.  Schleicher […] [Read More]

Used-vehicle retail sales have continued tracking at an annual pace near 39 million units, according to a sales forecast released this week by Edmunds.  The company is projecting 3.2 million used-car sales for October, which would be even with September. The seasonally adjusted annualized rate for used sales in October would be 38.9 million units, […] [Read More]

Kia Canada and CARPROOF recently announced that in an effort to make used-car transactions more transparent, all vehicles in Kia’s CPO program must now qualify for the CARPROOF Top Condition badge found on the company’s VHRs. Kia Canada CPO vehicles have to meet CARPROOF’s strict safety and condition standards to earn the VHR badge. CARPROOF […] [Read More]

ADESA announced Monday that it has promoted Eddy Cusan to vice president of commercial sales and Wesley Kent to the newly created position of vice president of programs and operations for ADESA Canada. In 2007, Cusan started as a program director at the Internet-based business-to-business automotive remarketing company OPENLANE, which KAR Auction Services acquired in […] [Read More]

Facebook Marketplace is expanding further into the automotive space and working with some of the industry’s biggest players, including the likes of Edmunds, Cars.com, CDK Global, Kelley Blue Book and others. According to details and an outline of those partnerships provided by The OutCast Agency on behalf of Facebook, Marketplace will soon have new features […] [Read More]

Element Fleet Management has promoted Chris Gittens to serve as president of Canadian operations, the company announced Wednesday. Gittens succeeds Sebastien Blondin, who has taken on a strategic business development role with the Element Fleet Management corporate team. “Since 2012, the Canadian leadership team has built a strong foundation and driven a singular customer experience […] [Read More]

Honda currently outpaces all brands when it comes to reliability, according to a new analysis based on real-world vehicle repair. Three of Honda’s most popular models — the CR-V, Civic and Accord — are among the top 10 most reliable cars on RepairPal.com’s recently introduced Reliability Rating that is based on vehicle repair orders from the […] [Read More]

The auto lease credit approval rate in September registered the lowest percentage seen this year, according to data from Swapalease.com. The approval rate fell to 47.6 percent following a relatively strong August, when the rate was 68.3 percent, according to Swapalease. Hurricanes Harvey and Irma have likely contributed to September's notably low rate. Last month, Swapalease.com saw […] [Read More]