CARFAX Canada will soon have a new leader at the helm. Shawn Vording will become the vehicle history report company’s new president, effective March 1. Vording most recently served as vice president of product and sales. Vording brings along 15 years of experience with CARFAX Canada into his new role of president He has also […] [Read More]

Empire Indemnity Insurance Company Risk Retention Group now has a Diamond level business partnership with the National Independent Automobile Dealers Association. Empire chief operating officer Eric Hurst said this strategic move solidifies Empire’s commitment to providing “unparalleled support to dealers and lenders nationwide.” Empire is a subsidiary of MEI Group, a Texas-based conglomerate with strategic […] [Read More]

S&P Global Ratings is projecting the auto securitization market to grow this year after setting a record in 2023. Analysts explained this week that pent-up demand for vehicles drove new-car sales 13% higher year-over-year to 15.5 million units in 2023, catapulting U.S. auto ABS issuance volume up by approximately 33% to a record $120 billion. […] [Read More]

While sales of certified pre-owned vehicles may have risen last year, dealers tell Auto Remarketing it was a tough year for them on several levels. They anticipate 2024 will be a better year for CPO sales, with some caveats. Demand for CPO vehicles in 2024 will not be a problem. A CPO vehicle “is something consumers ... [Read More]

Although the snow is still falling with weeks of winter ahead, residual value trends are showing that consumer interest for cars and smaller vehicles is growing in Canada. The results of Canadian Black Book’s 2024 Best Residual Value Awards illustrated that the car market is “settling into a more normalized volume of monthly sales and […] [Read More]

New-vehicle prices are still well above the old normal, but a new study by automotive data platform iSeeCars.com showed that while manufacturers suggested retail prices continue to soar, selling prices are holding steadier. According to iSeeCars’ analysis of more than 16 million new-car sales between January 2023 and January 2024, the average MSRP of a […] [Read More]

In my second article evaluating automotive events, I am writing about the 19th annual Kain Digital Workshop. By the end of this article, both dealers and sponsors will be able to make decisions about how to participate and who they should send to the event. Also known as David Kain’s “Clients and Friends Digital Success […] [Read More]

SYCN Auto Logistics is diving into the AI era. The auto transport management platform announced the launch of its new artificial intelligence-enabled technology suite, designed to optimize every aspect of auto logistics operations — including quoting, booking, tracking and post-delivery functions — in real time. SYCN said its new system, which can be integrated into […] [Read More]

The American Recovery Association released its agenda for the 2024 North American Repossessors Summit, which is scheduled for April 11-12 in Orlando, Fla. Along with the annual golf tournament and silent auction to raise money for the Repo Alliance Lobbyist Fund and the Recovery Agents Benefit Fund, event content includes intriguing sessions about repossessing electric […] [Read More]

Jessica Gonzalez works for InformedIQ, while Tim Yalich is part of the team at Wolters Kluwer. But they’ve collaborated in the past to benefit mutual clients. In this episode of the Auto Remarketing Podcast recorded in Las Vegas at this year’s Vehicle Finance Conference hosted by the American Financial Services Association, Gonzalez and Yalich described […] [Read More]