Cox Automotive is expanding its global footprint by acquiring a majority shareholding in Molicar, a Brazilian vehicle valuations business. Based in Sao Paulo, Cox Automotive said Molicar is widely acknowledged as setting the “industry standard” for valuations in Brazil and represents a strategic fit for the company, which already owns the Kelley Blue Book brand […] [Read More]

It won’t be a “Saturday in the Park,” but rather a “Wednesday at the auction” when DAA Northwest hosts its annual Rock & Roll Sale. The auction has announced that Chicago will be the featured headliner at the July 20 event. “Every year, DAA’s customers, employees and vendors wait for this announcement with anticipation,” said DAA […] [Read More]

On Wednesday, CarMax highlighted a commitment to providing community support and career opportunities to the nation’s military, veterans and their families. CarMax and The CarMax Foundation have pledged a total of $1.4 million spread over the next three years to organizations supporting the military, including Hiring Our Heroes, KaBOOM and The Mission Continues. CarMax joined […] [Read More]

Thanks to a partnership between AutoIMS and Chrome Data announced Wednesday, wholesale consignors will be able to tap into what the companies described as more accurate and standardized vehicle content data straight from the AutoIMS platform. The International Automotive Remarketers Alliance’s Standards Committee has called for a centralized vehicle data repository, and the chair of that […] [Read More]

Experian Automotive’s latest State of the Automotive Finance Market report pinpointed the 10 states with the highest rates of 60-day delinquency after the fourth quarter as well as the 10 states where delinquency to the point where repossession is necessary are the lowest. The two states tied for the highest 60-day delinquency rate each posted […] [Read More]

Findings from a recent Autotrader survey released on Wednesday showed 70 percent of respondents expect to receive a tax refund this year. Perhaps better yet for dealerships and finance companies, Autotrader’s survey conducted in February that included 550 U.S. adults contained information that might goose turns and originations. Site officials highlighted that of the 27 […] [Read More]

A wide array of technology providers in the auto finance space — including EFG Companies, F&I Express, RouteOne, National Credit Center and eLEND Solutions — all recently either formed new partnerships or rolled out enhancements to their solutions aimed at helping dealerships and finance companies. The latest development spotted by SubPrime Auto Finance News was […] [Read More]

It hasn’t even been a month since the National Automobile Dealers Association hosted its annual Convention & Expo in Las Vegas, but NADA’s staff is already looking ahead to the 2017 event in New Orleans. On Tuesday, NADA issued a call for 2017 convention workshop proposals, which the association described as one of the event’s […] [Read More]

Carvana is continuing to spring up throughout the Sunshine State as the online vehicle retailer set up shop in Miami on Tuesday, having already a presence in Jacksonville, Orlando and Tampa. Through this expansion into south Florida, the company estimated that it can deliver to nearly 44.7 million consumers nationwide, more than 5.1 million of whom […] [Read More]

It has been unseasonably chilly and cloudy near the North Carolina offices of Auto Remarketing in recent days — to the point where it doesn't quite feel like spring.  Folks selling used cars in the wholesale market probably can relate.  Black Book released a pair of analyses on Tuesday, one detailing wholesale price movement over […] [Read More]