The electric vehicle (EV) market continues to show continued growth, driven by consumer demand for environmentally friendly transportation options and supported by government incentives. As of the fourth quarter of 2024, used EV sales have surged by 62.6% compared to the previous year, according to Cox Automotive, making them a highly sought-after commodity for auto […] [Read More]

The Senate Banking Committee hosted a two-hour hearing on Thursday to question the nominee to be director of the Consumer Financial Protection Bureau, along with nominees to be the Under Secretary of Commerce, chairman of the Council of Economic Advisors and director of Federal Housing Finance Agency. President Trump’s nominee to run the CFPB — […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

Stability reigns in the Canadian wholesale used-vehicle market. A least for now. While the threat of tariffs and a trade war with the U.S. loom on the horizon, the week ending Feb. 22 looked a lot like the previous few: a mild downward drift of 0.22% overall and solid auction sales rates, according to Canadian […] [Read More]

The U.S. District Court for the Eastern District of North Carolina announced a guilty plea by a buy-here, pay-here dealer who federal officials said ran a Ponzi scheme that resulted in more than 60 investors suffering net losses in excess of $8 million. According to a news release distributed on Wednesday, Willard Timothy Sutton pled […] [Read More]

In a move effective immediately, Cars Commerce announced on Thursday the appointment of Lisa Gosselin as its chief commercial officer, succeeding Doug Miller. The company highlighted Gosselin brings more than 25 years of commercial leadership experience within SaaS, adtech and data across key verticals including retail and automotive. Cars Commerce said the move helps accelerate […] [Read More]

This week, Open Lending announced the 2024 winners of its second annual Economic Vehicle Accessibility Awards (EVAAs). The winning banks and credit unions are Open Lending partners that drive vehicle access through financing opportunities for creditworthy near- and non-prime borrowers. “Many deserving borrowers face barriers to vehicle ownership, including historically high costs to buy and […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

The National Auto Auction Association’s Ron Hope Memorial Scholarship has another recipient. Fredrick “Frankie” Lingle, fleet manager of Greensboro Auto Auction, has been awarded the scholarship to Auction Academy, joining Greater Rockford Auto Auction’s Abigail Balk, who became its inaugural recipient in December. The association said Lingle will participate in the academy’s Class 9, which […] [Read More]

While market share for battery electric vehicles rose in 2024, uncertainty is now dominant in the EV landscape. In its 2025 U.S. Electric Vehicle Experience Ownership Study, J.D. Power cited data showing BEV market share reached 9.1% at the end of last year, a 0.7-percentage point increase fueled in part by the growing number of […] [Read More]