Open Lending Corp. removed the interim tag on Thursday and made Chuck Jehl its CEO and a member of its board of directors, effective immediately. Jehl had served as the company’s interim CEO and chief operating officer since March. Open Lending said Jehl will continue to serve as its interim chief financial officer while the […] [Read More]

One month is a data point. Two months is … a trend? For the second month in a row, Canadian Black Book’s Used Vehicle Retention Index was up from the previous month, registering at 136.0 for August. That’s an increase of 0.6 points from July’s index of 135.4, which was up 0.1 from June. That […] [Read More]

In this installment of Auto Remarketing’s 40 Under 40 franchise, we feature the 2024 honorees in the “40 Under 40: Industry” program, which is sponsored by IAA and focuses on consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space. Honorees will be recognized in the upcoming October issue of Auto Remarketing and […] [Read More]

Price has always been cited by car buyers as a barrier to buying a new electric vehicle. But when it comes to the used-car market, it’s not a problem at all. According to the latest research by iSeeCars, the average price of a 1- to 5-year-old used EV is now 11.4% lower than that of […] [Read More]

U.S. consumers’ interest in buying an electric vehicle has dropped in 2024, according to the latest research by EY — the first time that has happened since the survey began in 2020. The EY Mobility Consumer Index, a global survey of 19,000 consumers from 28 countries, found 34% of Americans said they intend to purchase […] [Read More]

Many folks work remotely nowadays, and now ConditionReports.com has its version, too. This week, the provider of vehicle condition reports and inspection solutions announced the launch of Remote Inspect. This service can enable remarketing professionals to obtain “accurate and cost-effective vehicle condition reports in minutes,” bypassing the need for traditional in-person inspections. Remote Inspect guides […] [Read More]

Buckeye Dealership Consulting reinforced its management team again this week, hiring a chief operating officer and new business development manager. Coming aboard as COO of the provider of reinsurable products for dealers and finance companies is James O’Connell, who will work with the CEO and executive team to serve Buckeye’s growing customer base. “Jim has […] [Read More]

Dealers make deals every day, but this one in the buy-here, pay-here segment is more than just stretching a nickel or two on a trade. Byrider announced on Thursday that an investor group of Byrider franchisees has acquired the assets of Byrider Franchising from Altamont Capital Partners. The group then started a new, franchisor-only entity […] [Read More]

Eric Fifield might not officially be a coach, but the chief revenue officer of EFG Companies offered a bit of pep talk for dealerships stemming from research that showed major missteps when handling online consumer vehicle inquiries. Fifield reviewed the project findings and how dealerships can learn from these discoveries during this episode of the […] [Read More]

There might be a lot of callback activity between dealerships and finance companies nowadays since the Dealertrack Credit Availability Index has declined for five months in a row. Cox Automotive reported this week that the index came in at 92.5 in August, which is 0.5% lower than the July reading. The index also is down […] [Read More]