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]

American Credit Acceptance and Westlake Financial Services agreed this week to provide a total of $7.4 million in relief to thousands of Massachusetts consumers over allegations by the state’s attorney general that they charged “excessive” interest rates on their subprime auto loans. Attorney General Maura Healey highlighted that her office has now recovered more than […] [Read More]

TransUnion named its newest suite of solutions Prama, which in Sanskrit means the source for accurate and valid knowledge about the world. No matter if they speak English, Spanish, French or even Sanskrit, TransUnion’s Steve Chaouki insisted that finance company executives — especially ones that delve deep into the subprime space — will be able to comprehend […] [Read More]

Heading up the U.S. rollout of Toronto-based TradeRev will be Keith Crerar, who was named executive vice president for TradeRev in the United States. The news was revealed Thursday morning by TradeRev and parent company KAR Auction Services.  Crerar will report to TradeRev president Mark Endras. Crerar’s current role is ADESA vice president of dealer services, […] [Read More]

Canadian wholesale used prices were down an average of 0.3 percent sequentially last month and the results within the segments were largely mixed, according to analysis accompanying the latest ADESA Canada Used Vehicle Price Index The index, powered by ALG, actually climbed in February after seasonal adjustment. As for the individual segments, the data in the […] [Read More]

This week, TRADER Corp. revealed the winner of its 2015 Driven to Perform Contest, which debuted for the first time early last year and aimed to recognize the top performing dealer in Canada. The company selected the honoree based on key performance metrics using the vAuto inventory management solution, including turn rate, average days in […] [Read More]