Wholesale vehicle price declines in Canada accelerated last week, with the larger segments seeing an over 3% drop. According to Canadian Black Book weekly wholesale data, prices fell for the week by an average of 1.56%. Cars were down by 0.88%, while trucks and SUVs dropped by 2.23%. “The Canadian market continued to decrease, and […] [Read More]

Technology has been Jarrod Kilway’s passion since he was 5 years old. Now he’s using that passion as chief operating officer for ICOM AI – known as Konect.ai before its recent rebranding – a conversational artificial intelligence communication platform designed to improve customer engagement. In this episode of the Auto Remarketing Podcast, recorded during Used […] [Read More]

Mercedes-Benz USA and Atlanta Falcons defensive tackle Grady Jarrett shared some love — and shoes — this week. The automaker and its brand ambassador handed out brand new shoes to students at Atlanta’s Michael R. Hollis Innovation Academy as part of MBUSA’s Holiday Love Celebration giveback. The company teamed up with Shoes That Fit, a […] [Read More]

Ryan Clark, owner of Greater Rockford Auto Auction and Great Lakes Auto Auction, has been selected as president of ServNet during the auction group’s fall business meeting. Clark will serve a two-year term. “I am honored to serve as ServNet’s president and to collaborate with the finest group of auction owners in the country,” Clark […] [Read More]

The National Automobile Dealers Association commended legislators who signed a letter urging House Speaker Mike Johnson (R-La.) and Senate Minority Leader Mitch McConnell (R-Ky.) to enact a provision in an appropriations bill that would prevent taxpayer funding from being used to finalize, implement, administer or enforce proposed emissions standards that would effectively require 67.5% of all new […] [Read More]

UVeye is ready to go big. The developer of automated drive-through inspection systems for vehicles has joined with sustainable technology provider Hypertec in a strategic partnership to drive mass production of UVeye’s products. The collaboration is designed to ramp up production of UVeye’s computer vision/artificial intelligence-powered systems in response to growing demand from the auto […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. The episode features some of this year’s Women in Auto Finance honorees for a conversation led by Kelli Edmonds of Kota Business Solutions. Listen to the episode in the window below. [Read More]

TransUnion and Datos Insights took an extensive look into third-party collections on all fronts, uncovering the depth professionals are trying to communicate with debtors nowadays. Researchers found nearly all third-party collections companies (98%) use letters to reach consumers. However, TransUnion and Datos Insights discovered just 40% have adopted text or SMS messaging to consumers — […] [Read More]

Alfa, a provider asset finance technology solutions, announced the first of six releases in Alfa Systems 6, what the company called a “breakthrough iteration” of its software platform. What the company titled “efficiency,” the product released this week introduces Compose, what Alfa highlighted as innovation set to redefine the user experience for auto and equipment […] [Read More]

This week, 700Credit finalized its sixth industry relationship of the year to help dealerships and finance companies. The newest one involves the provider of credit reports, compliance solutions, soft pull, ID verification and fraud detection products working with Revvable, which produces a seamless, secure solution to streamline and expedite the cumbersome process of filling out […] [Read More]