On average, automotive brand loyalty rose ever so slightly in 2024. But according to the latest study by Reynolds and Reynolds, there are indications it might be on shaky ground. Reynolds’ 2025 Automotive Brand Retention and Defection Report: Understanding Your Opportunities for Conquest showed last year’s industry-wide average brand retention rate was 43.9%, up 0.2 […] [Read More]

We wrap up our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel focused on “Challenging the Status Quo and Uncover Your Company’s Value.” The conversation features Brennan Hamilton of Rapid Recovery Agency, John Sibbitt of RDN Clearplan and Used Car Week Hall of Famer Jeremiah […] [Read More]

We wrap up our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a presentation dedicated to modern strategies to help dealers maximize their profits. Sharing those best practices are two experts from Cox Automotive, Chrisy O’Hara and Bethany Johnson. Listen to the episode in the window below. [Read More]

The newest industry executive to join DriveItAway Holdings sees the provider of “micro-lease to purchase” technology as being on a “path to scale.” DriveItAway announced on Thursday that it has closed a $4 million credit line funding guaranty from Menachem Light, a noted national leader in the vehicle rental industry who has also agreed to […] [Read More]

Hudson Cook partner Patty Covington helped the industry wrap up what’s been a busy week on the federal regulatory front, including three key positions being filled at the Federal Trade Commission and President Trump nominating Jonathan McKernan to be the permanent director of the Consumer Financial Protection Bureau. Covington acknowledged in a message to Cherokee […] [Read More]

Toyota continued its domination of Canadian Black Book’s Best Residual Value Awards, remaining the only automaker to claim the Overall Brand Award for cars in the program’s four-year history. Toyota also won the brand award in the SUV/truck category for the third consecutive year, and led all brands with five wins among the 16 model-level […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from Used Car Week in Scottsdale, Ariz. is a conversation about “Navigating the Future: Managing Risks in the Era of Connected Cars.” Led by moderator Courtney Dusseau, the auto and captive finance leader at EY, the panel includes: Dean Phillips, managing director advanced manufacturing & […] [Read More]

BlytzPay, a collections management platform that speeds up payments and boosts customer engagement for buy-here, pay-here dealers and finance companies, announced a new patent approval for its solution, saying this week it marks a significant milestone for the company The approved patent, titled Digital Engagement Platform for Payment Solutions with Cash-Enabled Multipay and Promise-to-Pay, builds […] [Read More]

A Go Auto dealership has been selected for one of Ford’s highest awards. Team Ford in Edmonton, one of more than 60 dealerships operated by Go Auto, has been named a recipient of the automaker’s Edsel B. Ford II Salute to Dealer Award, recognizing significant contributions to the community. Go Auto said Team Ford is […] [Read More]

After half a year of slowly creeping upward, the Canadian wholesale used-car market took a significant leap in January. Canadian Black Book’s Used Vehicle Retention Index was up 2.3 points for the month, rising to 138.0 from December’s 135.7. That’s the biggest jump in the index since it rose 3.6 points, from 158.5 to 162.1, […] [Read More]