J.D. Power is going deeper into the automotive remarketing business. The global data and research firm has acquired Superior Integrated Auctions, which the companies said combines SIA’s online auction marketplace capabilities with J.D. Power’s inventory, vehicle valuation data, predictive analytics and digital marketing systems to streamline pre-owned vehicle inventory management. The companies have been collaborating […] [Read More]

Origence said last week that it closed 2024 with $53 billion in auto-finance funding, serving 2 million members at credit unions that use its lending technology solutions. And it’s in position for even more growth this year. The company supports 1,100 credit unions of all sizes, representing more than 66 million members and nearly 20,000 […] [Read More]

S&P Global Market Intelligence announced enhancements on Monday for its RiskGauge and Credit Analytics corporate entity coverage. The provider of information services and solutions to global markets highlighted that the move expands access to a database of more than 400 million companies across more than 200 countries and territories, spanning all major sectors and industries. […] [Read More]

If your finance company chooses to book contracts with near- and non-prime consumers, you’re likely to have a notable pool of potential customers in the next 24 months. According to the 2025 Vehicle Accessibility Report from Open Lending, 70% of near- and non-prime and prime consumers are planning to buy within the next two years. […] [Read More]

In late February 2022, Carvana got into the brick-and-mortar auto auction business by announcing it would acquire the U.S. business of ADESA. To close February 2025, Carvana made a move into the brick-and-mortar dealership space. Multiple news outlets, including the Phoenix Business Journal and Automotive News, were reporting late Friday afternoon that Carvana has acquired […] [Read More]

ACV made four acquisitions last year and two the prior year. Those purchases included the likes of Indiana Auto Auction, 166 Auto Auctions and Alliance Auto Auction. But the expansion strategy for 2025 will look a little different ... [Read More]

The No. 1 issue stopping consumers from buying electric vehicles is about charging. And so are the No. 2 and No. 3 reasons. J.D. Power’s February E-Vision Intelligence Report, citing the research firm’s recent U.S. Electric Vehicle Consideration Study, said the top three factors cited by active vehicle shoppers as a barrier to EV adoption […] [Read More]

In the fourth quarter, Lithia & Driveway’s sales of “value” used vehicles — described by the retailer as having over 80,000 miles on their odometers — grew 24.6% year-over-year and its sales of certified used vehicles “improved,” said the company’s chief operating officer, Adam Chamberlain. But same-store used vehicle sales declined 4.3% in the company’s fourth quarter that ended Dec. 31, compared to the year-ago quarter and declined 4% in the full 2024 year, compared to the full 2023 year. “We have to be ... [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. We have been previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by the automakers. The preview concludes […] [Read More]

Element Fleet Management and Blackstone Credit & Insurance announced they have have entered into a strategic funding relationship, in which funds managed by Blackstone through its Infrastructure & Asset-Based Credit group are providing capital involving a portfolio of Canadian fleet lease receivables valued at approximately $500 million Canadian. “Element is committed to optimizing our funding […] [Read More]