With the deadline to file federal income tax forms passing on April 18, Cox Automotive chief economist Tom Webb reflected back on what’s known as tax season but likely isn’t the resounding retail period for buy-here, pay-here dealers it once was. Perhaps impacting this year’s season most was the change in federal rules requiring tax […] [Read More]

The American International Automobile Dealers Association reported that average length of time a new model sat on a dealer’s lot hit 70 days in March — the longest stretch of time since July 2009. Edmunds contends current new-vehicle inventory levels haven’t been this high since 2004. Cox Automotive chief economist Tom Webb sees the assertions […] [Read More]

Mazda Canada recently named the recipients of its Dealer of Distinction award program, which recognizes dealers who have efficiently run all facets of their dealership's operations. "The Dealer of Distinction award is one of the highest honors a Mazda Dealer can earn," Massey Kondo, Mazda Canada's president and chief executive officer, said in a news […] [Read More]

Financial technology and lending decisions are built on data. Lenders can buy data in the form of reports, statistics and bits of information about consumers and their buying habits from hundreds of companies and accumulate mountains of their own new data from every portfolio and process. Employing certain practical ideas, lenders can get the most […] [Read More]

The latest report generated by the Federal Reserve Bank of New York declared that 2016 officially represented the year of the highest auto finance originations — at least in the 18-year history of the data officials obtained from Equifax. And at least one finance company that specializes in subprime paper isn’t sure when the current […] [Read More]

Three noteworthy trends associated with bankruptcies surfaced during the past two quarters. The American Bankruptcy Institute (ABI) reported that total U.S. filings fell slightly during the first quarter but ticked higher in March compared to the same month a year ago. And the Federal Reserve Bank of New York indicated the amount of consumers who […] [Read More]

Below is a Q&A with Kate Eltringham, vice president of marketing at GWC Warranty and a 2017 Women in Remarketing honoree. Auto Remarketing: What was your path to the automotive industry, and what do you enjoy most about working in the car business? Kate Eltringham: I’ve always had a soft spot for the auto industry because […] [Read More]

Below is a Q&A with Ashley Dietze, fleet lease manager at San Antonio Auto Auction and a 2017 Women in Remarketing honoree.  Auto Remarketing: What was your path to the automotive industry, and what do you enjoy most about working in the car business? Ashley Dietze: My family owns and operates San Antonio Auto Auction […] [Read More]

Below is a Q&A with Julie Derybowski, executive director of operations at TradeRev and a 2017 Women in Remarketing honoree.  Auto Remarketing: What was your path to the automotive industry, and what do you enjoy most about working in the car business? Julie Derybowski: It all started when I was in high school with my first […] [Read More]

Below is a Q&A with Sarah Amico, executive chairman of Jack Cooper Holdings Corp. and a 2017 Women in Remarketing honoree.  Auto Remarketing: What was your path to the automotive industry, and what do you enjoy most about working in the car business? Sarah Amico: I suppose it was a little bit of destiny for me […] [Read More]