It seems that at least once a week, a bankruptcy question comes up in one of the dealer/creditor social media groups that we follow. The questions usually involve either selling a vehicle to someone that has filed bankruptcy or repossessing a vehicle from a bankruptcy debtor. Unfortunately, what usually follows the question are a bunch […] [Read More]

“Millennials” and “electric vehicles.” Auto industry buzzwords used for years at conferences to convey youth, emerging trends in car-buying, newcomers or rising stars. Fact of the matter is, EVs are a “maturing” market, no longer considered “niche.” And millennials, well, many of us are in our 40s, have mortgages, children and/or pets and have been […] [Read More]

Tim Hayden is the CEO of Brain+Trust, which specializes in data management, data privacy, regulatory compliance, cybersecurity, artificial intelligence and beyond. He joins the Auto Remarketing Podcast for a conversation with Cherokee Media Group senior editor Joe Overby about the company’s origins, its work in the auto industry, data infrastructure and management, plus much more. […] [Read More]

Vietnamese electric vehicle manufacturer VinFast Auto announced it has created a dealer advisory board consisting of representatives from the company’s U.S. dealerships. VinFast, which currently has 25 dealerships in 10 states, said it selected the board’s members based on customer service commitment and industry expertise. The board will serve as a communication channel between the […] [Read More]

This episode of the Auto Remarketing Podcast features the second part of an in-depth conversation about Canada’s wholesale auto market. Joining this session from Canada’s Used Car Week in Toronto last month are: —Blair Earle, managing director of Canada, IAA —Todd Sanders, executive director, Ally SmartAuction —Mark Pavan, president, Wholesale-Express This episode is available in […] [Read More]

Joe Laux completed the selloff of his truck business last week, with the sale of two truck stores in La Crosse, Wisc., to two Wisconsin-based dealer groups. Dahl Automotive acquired La Crosse Truck Center Ford and Kriete Truck Centers purchased La Crosse Truck Center Mack-Isuzu, according to Haig Partners, which advised the seller in the […] [Read More]

If the series of developments is an indication of its 2024 to-do list, DriveItAway Holdings is making the kind of steady progress that reinforce social media memes about business productivity. The latest move came last week when the company that offers “micro-lease to purchase” technology announced that it has partnered with Corporate Claims Management to […] [Read More]

Separate studies of fraud tracking databases determined which states are seeing the highest volume of incidents. Turns out, Georgia and Delaware are topping the fraud charts. First, Bader Scott examined the number of fraud cases reported in each state according to the Federal Trade Commission between last April and this March. The data was then […] [Read More]

Dealertrack regularly watches what conditions are like for consumers to obtain auto financing; a landscape that’s been tightening in recent months. What about the credit environment for finance companies to get the resources they need to book originations? Especially in the non-prime and subprime spaces? While perhaps an interest rate reprieve is arriving sometime this year, Kyle Birch, who is president of North America operations at GM Financial, described the rough sledding the industry is experiencing ... [Read More]

FinTech Automation announced last week that it became the newest service provider supporting live transactions on the Federal Reserve’s instant payment rail — the FedNow Service. The decision came in part because U.S. businesses and consumers are rapidly adopting digital, faster and instant payment services, according to studies recently released by Federal Reserve Financial Services. […] [Read More]