Hyundai Canada’s new charitable foundation has made its first big splash. Hyundai Hope on Wheels, launched in Canada this year, presented BC Children’s Hospital Foundation with a $250,000 donation to support children and youth receiving cancer care in British Columbia. In a news release, Hyundai Auto Canada said some 130 children are diagnosed with cancer […] [Read More]

“Don’t Panic.” That’s the message on the cover of the fictional Hitchhiker’s Guide to the Galaxy. And while the Canadian auto finance market isn’t soaring through the cosmos to the end of the universe, Mike Buckingham said the same message applies. Are there problems to be concerned about and addressed? Of course — affordability, tariffs, rising fraud, sinking used-car supply. But ... [Read More]

Cherokee Media Group’s Nick Zulovich secured some time with Gene Daughtry of Auto Master Systems this week in Las Vegas during the annual convention hosted by the National Independent Automobile Dealers Association. Daughtry still travels nationwide regularly and has weekly online meetings with buy-here, pay-here dealers who are seeking to sharpen their collections departments. Daughtry […] [Read More]

For many Americans with shaky credit, keeping up with car payments is becoming a growing struggle, and the numbers prove it. Subprime delinquency rates surged to record highs in 2023 and continued climbing in 2024, with the 60-plus-day delinquency rate reaching 6.15% in December. This upward trend is expected to persist through 2025. The impact […] [Read More]

Dealers Auto Auction Group chief client officer David Diedrich has retired, the auction group announced. Vice president of national sales Josh Combs will take on the client contact role for DAAG, the company said. “David has been a valuable part of DAAG, and his dedication to client service and industry leadership have made a lasting […] [Read More]

Auto Remarketing is proud to celebrate our annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. In addition to Q&A features in the July issue of Auto Remarketing, honorees will […] [Read More]

IAA is expanding its presence south of the border — in fact, south of south of the border. The global digital marketplace, which serves more than 170 nations, has entered into a market alliance with Moto Leader Group International in Panama, according to IAA’s parent company RB Global. MLG International will operate an IAA auction […] [Read More]

Florida-based Morgan Automotive Group has expanded in its home state. The retailer purchased Hodges Mazda of the Avenues in Jacksonville and Hodges Mazda of St. Augustine from brothers David and Dan Hodges, according to Haig Partners, which advised the sellers. David Hodges, the principal owner of the stores, and Dan Hodges, his minority partner, are […] [Read More]

If you have a customer in the market for an affordable late-model vehicle, the options are fewer and far between. In 2019, nearly half of 3-year-old used cars sold were priced at less than $20,000. That share has dropped to 11.5% this year, according to an iSeeCars analysis of 2.6 million 3-year-old vehicles. To buy one of these late-model vehicles in 2019, consumers had to shell out an average of $23,159. Now they’re paying ... [Read More]

Hyundai Motor America’s Global Dealership Space Identity initiative has reached a milestone. The automaker announced more than half of its U.S. dealerships have completed the initiative’s facility upgrades, which it said reinforces its “commitment to improving customer experience and supporting its ever-growing dealer network.” Launched in 2015 and refreshed in 2019, GDSI was created to […] [Read More]