The stretch of NADA Convention expo floor space between the low 1100s and low 1800s resembles Cox Automotive’s version of 5th Avenue. But in place of shops like Saks, the Apple Store, J. Crew and Gucci are booths bearing car-biz-familiar brands like Dealertrack, Manheim, vAuto and Autotrader. Inside a typical convention hall makeshift office within […] [Read More]

We’ve all heard the news on rising auto loan delinquencies. Since February, auto delinquencies in the subprime market are at their highest rate since 1996. This presents a significant issue since increased delinquencies usually indicate that more defaults will happen down the road. So what are auto finance professionals to do in times like these? […] [Read More]

Digital Recognition Network (DRN) enhanced its workforce in a move to expand the company’s auto finance channels. DRN hired Mike Villanova as director of channel sales, adding a new position and enabling the company to provide the dedicated support needed for this growing market The company highlighted Villanova brings more than 15 years of channel […] [Read More]

J.D. Power has a buyer. McGraw Hill Financial said in a news release Friday afternoon it has reached a definitive agreement to sell that business unit to global alternative investments firm XIO Group. The cash deal would be $1.1 billion. The deal is expected to close in the third quarter. “We are very pleased with this […] [Read More]

The other day, I saw an interview between “The Late Show” host Stephen Colbert and Nick Offerman (who will always be “Ron Swanson” in my mind). They talked glowingly about the term “gumption,” even invoking a tale of self-starter Teddy Roosevelt, the former U.S. president who arguably was the embodiment of a can-do, take-charge attitude. […] [Read More]

In what we’re proud to call an annual tradition, Auto Remarketing publishes a special issue to recognize the leading women of the remarketing and used-car business: our Women in Remarketing issue.  Each of the leaders honored in our Women in Remarketing program takes on different responsibilities within the industry, and the companies they represent encompass […] [Read More]

Cloud-based customer engagement solutions provider GoMoto recently finalized integration with Kelley Blue Book to help dealership customers and shoppers see trade‐in values right on the showroom floor as part of the overall vehicle‐buying experience. By integrating GoMoto’s customer experience platform with information from Kelley Blue Book, dealers can offer the appraisal tool as part of […] [Read More]

Perhaps the sprouts of a springtime wholesale price rise now really are starting to germinate. According to ADESA Analytical Services’ monthly analysis of wholesale vehicle prices by vehicle model class, used-car prices in March averaged $10,815. The figure represented a 6.0-perent increase compared to February and a 1.7-percent uptick relative to March of last year.  Continuing a now-familiar […] [Read More]

Editor's Note: This updates the April 15 story with updated data and clarifications from NADA.  There were 18.9 million used-car sales (including retail and wholesale) by the franchised dealership body last year, of which 14.6 million units were retailed.  That’s according to the latest NADA DATA report from the National Automobile Dealers Association, a portion of which was […] [Read More]

The Consumer Bankers Association asked Georgine Muntz, chief operating officer of defi SOLUTIONS, to be a presenter during its annual conference earlier this spring. After gathering key points from other experts who shared presentations at CBA’s event, too, Muntz decided to offer a bonus. Along with giving another opportunity to download her presentation titled, “Driven […] [Read More]