As we head into the last weeks of summer, auction price movement is all over the board with wide variation among segments. But according to the latest Black Book Market Insights report, remarketing activity has continued a “steady pace” as the season winds down. In fact, Black Book editors heard many dealers last week talking […] [Read More]

Experian Automotive reported that both 30-day and 60-day delinquencies stayed nearly steady as of the second quarter. Analysts indicated that the percentage of loans 30 days past due came in at 2.32 percent in Q2, down 5 basis points from a year earlier. The percentage of outstanding balances 30 days past due in Q2 stood […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Jeannie Chiaromonte, vice president/national remarketing manager at Bank of America. Auto […] [Read More]

Why do you love selling cars? This is a question I love to ask dealers. Usually, if I’ve had a chance to get to know them, I can guess. It’s usually one of these four things: The thrill of the chase. The do-or-die, make-it-or-break-it lifestyle of a salesperson is an exciting way to live. You […] [Read More]

I pressed “send” on the email to notify recipients of the inaugural “Remarketing & Used-Car Industry’s 40 Under 40.” It wasn’t even five minutes later that I got the first response back. Then another. And another, and another. It went on like that for a while. As a magazine editor, this was awesome; folks in […] [Read More]

Copart recently announced the winners of its second annual Copart Rebuild Challenge, whose participants were tasked with showing how they restored, customized or rebuilt a vehicle. Automotive enthusiasts and rebuilders from across the country submitted their rebuild projects, aiming for the $2,000 grand prize. After narrowing down the submissions to the top 10, thousands of […] [Read More]

Insurance Auto Auctions announced on Monday that Tim O’Day will join the KAR Auction Services business unit as senior vice president of finance reporting to John Kett, chief executive officer and president.   With almost 30 years of experience in finance, operations and general management, IAA highlighted O’Day has a combination of big-company, start-up and high-growth […] [Read More]

Unlike a college student scrambling to submit an assignment on time, there doesn’t appear to be much turbulence in the auto finance space since the larger participant rule from the Consumer Financial Protection Bureau went into practice on Monday. Previously, the bureau supervised auto financing at the largest banks and credit unions. Now, this rule […] [Read More]

Experian Automotive noticed captive finance companies increased their appetite for risk a bit during the second quarter. According to the latest State of the Automotive Finance Market report, the year-over-year change for captives in the highest risk segment — buyers with credit scores below 600 based on the VantageScore 3.0 scale — showed a jump […] [Read More]

For stores looking to diversify their offering or potentially expand or revamp their facilities, Blue Bridge Financial, a direct lender and national provider of small business financing, joined with the National Independent Automobile Dealers Association as NIADA's latest National Member Benefit partner on Monday. Blue Bridge Financial has been an alternative lending source since 2009, […] [Read More]