The American Bankruptcy Institute reported that total bankruptcy filings in November decreased by double digits year-over-year, reinforcing an anticipation of the second-lowest annual figure in 11 years. According to data provided by Epiq Systems, the total bankruptcy filings of 59,300 in November represented a 10-percent decrease from the year-ago total of 65,562. Consumer filings also […] [Read More]

As part of Auto Remarketing Canada's annual Power 200 this fall, we reached out to some of the top executives in the Canadian used-car business for an inside look at their businesses and their insight into the remarketing industry.  Next up in this series is a Q&A from earlier this year with Brad Rome, president of Canadian Black Book.  […] [Read More]

Artificial intelligent devices like Amazon’s virtual assistant smart speaker, Echo, makes it easier for consumers to purchase items from its online store, paving the way for future online vehicle shopping and research using virtual personal assistants. Information that is spoken to software on a device that processes the natural and conversational voice of users are […] [Read More]

As part of Auto Remarketing Canada's annual Power 200 this fall, we reached out to some of the top executives in the Canadian used-car business for an inside look at their businesses and their insight into the remarketing industry.  Next up in this series is a September Q&A  with Alexi Venneri, chief executive officer of Digital Air Strike.  […] [Read More]

Insurance claims management solutions provider Crawford & Company has bought an 85-percent membership interest in WeGoLook, an on-demand field inspection and verification services provider whose offering includes automotive. Boards of directors at both companies have approved the $36.125 million deal announced Tuesday, which is subject to certain conditions. Closing is expected to be in January. […] [Read More]

Experian Automotive’s latest State of the Automotive Finance Market report indicated the 60-day delinquency rate ticked up 7 basis points year-over-year during the third quarter, landing at 0.74 percent. Each of the four categories of providers Experian notes in its report experienced a slight uptick in 60-day delinquencies. The segment that experienced the highest rise […] [Read More]

While prices for truck decreased last week by a higher figure than Black Book had seen in a month, auction observers watched more vehicles of all segments roll over the block without the hammer falling. Multiple Black Book personnel reported that no-sales moved higher last as November closed and December began. A lane watcher in […] [Read More]

Cox Automotive chief economist Tom Webb shared his theory as to why wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 1 percent in November. Webb explained that what brought the Manheim Used Vehicle Value Index to a reading of 124.7 for November — a decrease of 0.3 percent from a year […] [Read More]

With the Federal Reserve’s final gathering of the year set for next week, an interest rate move certainly appears to be in the works since at least one observer said the market has been behaving that an uptick is coming with “100-percent certainty.” As the Fed considers a wide range of data points before making […] [Read More]

Veros Credit recently announced the promotion of Harvey Singh to chief operating officer. The finance company that originates paper with both franchised and independent dealerships highlighted Harvey will continue to oversee the loan servicing department and will also be responsible for companywide operational policies, objectives and initiatives in the originations, production, corporate operations, and nationwide […] [Read More]