Reviver recently announced that it has appointed Fabrice Barbier as chief operations officer to oversee the product, design and development of rPlate, which recently hit markets in California. Barbier most recently served as senior vice president of consumer devices at GoPro. He has over 30 years of experience in technology, business strategy, product development and […] [Read More]

With dealer consignment activity softening for a variety of reasons, the newest Black Book Market Insights report showed that small cars continue to feel heavy depreciation. And editors added that small crossovers are also sustaining larger valuation drops, as well. Out of all vehicle categories within the car segment, the report indicated sub-compact cars declined […] [Read More]

Larry H. Miller Dealerships recently raised more than $350,000 during the 2017 Larry H. Miller Dealerships Golf Classic, which for the past six years has brought together the group’s leadership team and business partners for a game of golf on behalf of its charity. Following the annual tournament, the donation was presented to the group’s charitable […] [Read More]

AutoBuy plans to open four new locations in Florida, having served more than 100,000 private car sellers and appraised over $1 billion in inventory, the company recently announced. Since last year, AutoBuy said it has increased its available inventory by more than 110 percent and seen its revenue growth reach nearly 70 percent year-over-year, via both its brick […] [Read More]

Thanks to “mounting financial pressures,” the American Bankruptcy Institute reported that total U.S. filings in May increased 5 percent year-over-year. According to data provided by Epiq Systems, bankruptcy filings totaled 69,668 in May, up from 66,138 cases registered in May of last year. The 66,096 consumer bankruptcy filings in May were also up 5 percent […] [Read More]

The expert who oversees the S&P/Experian Consumer Credit Default Indices explained how May’s auto default movement should put discussions about a “crisis” in subprime auto financing “behind us.” S&P Dow Jones Indices and Experian released data through May and reported that the auto finance default rate dropped 5 basis points from the previous month to […] [Read More]

Providers of all sorts do not appear to be backing away from allowing access to consumers of all credit backgrounds, according to the assessment recently shared with Auto Remarketing Canada by Matt Fabian, director of research and consulting for TransUnion Canada. And auto finance appears to be the credit segment where providers are wanting to […] [Read More]

It appears consumers’ desire for a luxury model and their financial capacity to take over a lease didn’t mesh together well last month. Swapalease.com reported on Tuesday that vehicle lease credit applicants registered just a 48.1 percent approval rate during May, the lowest approval rate tracked by the company dating back to 2014, when the […] [Read More]

Charleston Auto Auction, which is part of the XLerate Group, announced Tuesday it has made four additions and changes to its sales team as it continues to expand. Krysten Hohl is in the auction’s newly created position of national remarketer; Johnathan Hollis joins Charleston Auto Auction as the new digital development representative for the Greater Atlanta […] [Read More]

As it turns, these new models of vehicle usage or ownership may actually be an opportunity for dealers, rather than a threat. At least that appears to be the case with Flexdrive, a vehicle subscription platform that is now a joint venture between Cox Automotive and Holman Enterprises. “A lot of people talk about the […] [Read More]