Fitch Ratings took another look at the impact rising wholesale supply is having. This week, analysts explained U.S. auto lease ABS residual performance is still producing gains overall through mid-summer despite rising used-vehicle supplies. However, Fitch indicated further increases in vehicle supply during the second half of this year and into 2017 could lead to […] [Read More]

The amount of off-lease inventory flowing into Kia’s certified pre-owned program will likely double this year. That’s proving fruitful for a brand that just finished its best two months ever for CPO sales.  And, most likely, the CPO market as a whole.  In July, Kia moved 7,007 certified units for a 20.6-percent year-over-year gain, according […] [Read More]

Amid what the company is calling a period of significant growth in sales and technology, VinSolutions has promoted Chase Abbott to vice president of sales and Ken Wiebke to senior director of technology. In his new role, Abbott will oversee the entire sales team at VinSolutions. He joined the company in 2008 as regional sales […] [Read More]

Reversing an improvement that spanned four consecutive months, S&P Global Ratings determined collateral performance for subprime auto loan asset-backed securities (ABS) deteriorated month-over-month in June with net losses, recoveries and delinquencies all weakening. On a year-over-year basis, analysts found that overall performance weakened for both subprime and prime ABS, according to S&P Global Ratings' report […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. First up in this series is Jimmy Atkinson, chief operating officer at AUL Corp. Auto Remarketing: What is the current consumer appetite for […] [Read More]

TrueCar provided an update on its Dealer Pledge initiative Sunday, detailing the checkmarks it has made on the to-do list so far this year while also sharing a handful of steps planned for the third and fourth quarters. In late March, the company revealed a series of sweeping changes to its product offerings, data policies, […] [Read More]

TradeRev, a mobile app and provider of a vehicle appraisal and auctioning system for dealers, announced on Monday the company has launched its operations in the Northeast region of the United States with employees on the ground in Boston as well as Connecticut, Rhode Island, New Hampshire and Maine. In making the announcement, TradeRev executive vice […] [Read More]

Auction Management Solutions (AMS) continued to add to its client roster on Monday as the firm now has partnered with Greater Erie Auto Auction in Erie, Pa., for business development consulting. Started in early July by industry veterans Tom Stewart and Richard Curtis, AMS now has eight auction partners, including DAA Chattanooga, DAA Murfreesboro, DAA Memphis, […] [Read More]

Flick Fusion has announced the integration of its SmartFlicks video marketing platform with the DealerHosts Technology Management Solution (TMS) 5.0, a hybrid lead management and CRM system. The integration allows car shoppers’ video viewing data to be captured from auto dealers’ websites, third-party listing sites such as Autotrader or Cars.com, or any other touchpoint from […] [Read More]

Following a study conducted by the Best Companies Group, Auto Remarketing has announced the honorees in the inaugural Best Auto Auctions to Work For. Auto Remarketing, teaming with Best Companies Group (BCG) in Pennsylvania, underwrote the workplace study. BCG staff administered all of the surveys, then analyzed the data from the group of auctions choosing to […] [Read More]