This week, vehicle service contracts administrator AUL Corp. announced the executive promotions today of Bryan Nieves to vice president of national accounts and Henry Paoli to national sales manager. According to Jason Garner, AUL’s senior vice president of sales and business development, both promotions are effectively immediately. Nieves was previously national accounts manager, a position […] [Read More]

KAR Auction Services chief economist Tom Kontos spent the past few days poring over data and information that he’s encountered in connection with Hurricane Harvey; a storm meteorologists are calling a 1,000-year flood event. Kontos explained in a special edition of the Kontos Kommentary there are four primary considerations for the automotive industry to understand […] [Read More]

We are back in the studio this week. And in this episode, Joe chats with Serge Vartanov, chief marketing officer of AutoGravity, one of the key players in fintech and digital disruption in auto finance. Check out their conversation below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the […] [Read More]

This year marked the best second quarter ever for the used-car market and the first time there has been more than 10 million used-car sales in Q2, according to Edmunds. Franchised dealers sold 2.95 million used cars during the quarter, and slightly more of those were certified pre-owned than in the same period of 2017, […] [Read More]

As summer has gone along, bankruptcy filings are on the rise. The American Bankruptcy Institute highlighted a double-digit sequential rise in total filings during August as compared to the previous month. According to data provided by Epiq Systems, total U.S. filings came in at 68,117 in August, up 11 percent from the July total of […] [Read More]

automotiveMastermind technology users can now choose to deliver prescreen credit offers via Equifax’s real-time credit-based solution PowerLead Offer, the company announced Thursday. The behavior prediction technology provider has partnered with Equifax to integrate PowerLead Offer data to generate personalized, micro-targeted prescreen offers for dealers' customers. PowerLead Offer can be used with browsing shoppers visiting the dealership […] [Read More]

Mercedes-Benz Canada has opened the doors to Mercedes me Store Markham, its newest retail space at the CF Markville shopping mall, the group announced Thursday. The new store is designed to provide customers a new way to interact and experience the brand, Mercedes-Benz Canada said. “People may be surprised to see Mercedes-Benz in a shopping […] [Read More]

Last month was the best August ever for new-car sales in Canada and a 7-percent improvement over year-ago figures, according to Scotiabank. Pickup truck sales were particularly strong during the month, and they’ve had an especially stout performance this year in Alberta, the company said in an Auto News Flash released Tuesday. Scotiabank said there […] [Read More]

Canadian Black Book recently announced that its 20th annual Charity Golf Tournament on Sept. 11 has been sold out. On Monday, 144 participants will golf at Stouffville’s exclusive Granite Golf Club, where only two outside tournaments are permitted each year. All of the tournament’s proceeds will go to Tim Horton Children’s Foundation. In two decades, the […] [Read More]

In a tweet, my friend and colleague Mor said it best: “Living in the future is neat!” She was responding to the news in late August that online auto retailer Carvana had opened a vehicle vending machine in Raleigh, N.C. — its sixth overall and one that happens to be less than 16 miles from […] [Read More]