According to the February Equifax National Consumer Credit Trends Report, 2015 marked another strong year for the auto loan market as originations increased year-over-year, while the mix of loans across the entire credit spectrum held for the fourth year in a row. From January 2015 through November, analysts pegged 21.7 percent of all auto loans […] [Read More]

When Fitch Ratings reported recently that U.S. subprime auto ABS delinquencies ballooned to levels not seen in almost 20 years, the development sparked plenty of industry reaction. To clarify whether or not this market segment is in a profound tailspin, SubPrime Auto Finance News reached out to Equifax chief economist Amy Crews Cutts, who refuted […] [Read More]

TradeRev, a provider of a mobile vehicle appraisal and auctioning system for dealers, has launched an all-new version of its system and introduced TradeRev Pro. TradeRev president and co-founder Mark Endras said in Monday’s announcement: “The TradeRev team is always striving to achieve the next big thing in dealer-to-dealer technology. We constantly explore new technologies […] [Read More]

TrueCar has launched what it says is the first industry award to recognize pre-owned cars that hold their value the best after three years of ownership. In an exclusive with Auto Remarketing, the company shared the winners of the inaugural TrueCar Pre-Owned Value Awards, powered by ALG. TrueCar will present the awards to automakers this […] [Read More]

An individual used to traveling at high speeds recently joined Beepi, an online platform that uses technology to conduct vehicle purchases online or via smartphone. Former Yahoo Autos editor at large and 2010 Indy Car Rookie of the Year Alex Lloyd is now part of the Beepi team as head of content. In this new […] [Read More]

If you’re reading this story on Friday afternoon, chances are, Auto Remarketing might have some competition for your attention. Don’t worry, we get it. The NCAA Tournament is on. While the bracket of a certain Senior Editor of this publication is already busted, we’re still having fun with this year’s tourney — and so too, […] [Read More]

Tom Kontos called the movement an “anomaly” when ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class showed that used values in February softened on sequential basis. ADESA pinpointed the average at $10,202, representing a 0.5-percent dip compared to January, but just a modest 0.3-percent uptick relative to February of last year. […] [Read More]

Vehicle financing continued to be one of the more bandied about topics on Capitol Hill in recent days. First, a member of the U.S. Senate introduced legislation to bring what the National Automobile Dealers Association called “transparency and accountability” to the Consumer Financial Protection Bureau's regulation of the auto finance market. Then during a hearing […] [Read More]

In strategic growth moved as part of its new market structure, Manheim announced four general manager promotions in Florida, Georgia, North Carolina and Utah. Those include: Butch Herdegen III (Manheim Jacksonville and Manheim Daytona Beach) Ellie Johnson (Manheim Statesville) Doug Kramer (Manheim Atlanta) Cade Rindfleisch (Manheim Utah) Each of those GMs have at least 20 […] [Read More]

As part of our “Best CPO Dealers in the United States” edition this winter, Auto Remarketing reached out to a few of the top-selling Hyundai dealers about certified pre-owned supply. We asked them to share some of the strategies they use to make sure there’s enough CPO inventory on the lot. “We are in a […] [Read More]