After being on stage asking questions and facilitating a conversation at this year’s Vehicle Financial Conference, GM Financial’s Kyle Birch made time during the American Financial Services Association event to be a part of the Auto Remarketing Podcast. Birch recapped the successful year GM Financial had as well as other developments connected with the auto-finance […] [Read More]

Frank McKenna was one of the most sought-after experts at this year’s Vehicle Finance Conference, which was hosted by the American Financial Services Association. Many attendees are impacted by fraud nowadays, so the Point Predictive executive recapped some of the questions he received in Las Vegas and more for his regular visit on the Auto […] [Read More]

This week, Fitch Ratings offered its expectations for the securitization market in relation to the gradual softening of used-car prices. Fitch supported its assertions by citing a variety of data points from Black Book, Edmunds and federal officials about how the market has behaved since the first half of 2021. “Used-vehicle prices have retreated from […] [Read More]

Danielle Arlowe and Celia Winslow of the American Financial Services Association still had plenty of energy for this episode of the Auto Remarketing Podcast recorded in Las Vegas at the end of the organization’s annual Vehicle Finance Conference. Arlowe and Winslow recapped the active scenes at the state and federal level in connection with legislative […] [Read More]

The used-car supply dynamic is likely to continue to be challenging dealers for the remainder of this year and likely even the next, if reports from industry observers are any indication. But there are some signs of promise for dealers looking to secure that much-needed used-car inventory through wholesale channels, including this nugget: Eleven of the past 13 months have shown a year-over-year rise in unit sales at auto auctions, according to AuctionNet data from the National Auto Auction Association shared exclusively with Auto Remarketing. That string of gains includes January, where total unit sales at auctions came in ... [Read More]

BSC America’s Clayton Station Auction is getting a new name and a new home. The company said the auction will now be known as BSC America’s Specialty Sale, with a weekly auction on Thursdays, beginning March 7, at its new location in Bel Air, Md., on the site where BSC America’s Bel Air Auto Auction […] [Read More]

More than 4.2 million vehicles with unrepaired urgent recalls are currently in operation across the nation, according to data from Carfax. The company said on its blog that the number of vehicles with urgent “do not drive” or “park outside” recalls has increased by more than 65% since May, when Carfax previously reported on them. […] [Read More]

The day before Prime Minister Justin Trudeau was set to deliver remarks to open the National Summit on Combating Auto Theft, the government of Canada announced a variety of federal investments to stop export of stolen vehicles. On Tuesday, Dominic LeBlanc, minister of public safety, democratic institutions and intergovernmental affairs, said the investment comes to […] [Read More]

Ignite Consulting Partners turned to their music library to mark last week’s beginning of the Internal Revenue Service accepting federal tax returns for the current filing season. To explain what this part of the calendar can mean for independent and buy-here, pay-here dealerships, firm experts chose the song “Casey Jones” by the Grateful Dead. Why? […] [Read More]

After sifting through the latest quarterly data, one finding became clear to Satyan Merchant, who is senior vice president and automotive and mortgage business leader at TransUnion. “Affordability remains an issue in the used-vehicle market,” Merchant said in a news release as TransUnion shared its Q4 2023 Quarterly Credit Industry Insights Report (CIIR) on Thursday. […] [Read More]