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PODCAST: Gauging client mood with Allied Solutions
Wednesday, Nov. 22, 2023, 10:39 AM
SubPrime Auto Finance News Staff
Allied Solutions executive vice president and chief growth officer Mark Bugalski spent some of his time during Used Car Week for this episode of the Auto Remarketing Podcast. Bugalski responded when asked to describe the beverage company clients might be currently seeking based on their industry outlook. Might they want a smooth hot chocolate, a […] [Read More]
PODCAST: Talking ‘junk fees’ with Hudson Cook’s Patty Covington
Wednesday, Nov. 22, 2023, 10:39 AM
SubPrime Auto Finance News Staff
Hudson Cook partner Patty Covington is embarking on a new series with the Auto Remarketing Podcast, discussing compliance and other matters associated with auto finance. A former Women in Auto Finance honoree, Covington tackles a topic that’s been a lightning rod this year — “junk fees” and how they’re defined by federal regulators. The conversation […] [Read More]
PODCAST: 1-on-1 with Rockwood Recovery owner Jennifer Liagre
Wednesday, Nov. 22, 2023, 10:35 AM
SubPrime Auto Finance News Staff
Jennifer Liagre, owner of Michigan-based Rockwood Recovery and one of this year’s Women in Collections and Recoveries honorees, spent some time for this episode of the Auto Remarketing Podcast immediately after being on stage with other award winners at Used Car Week. Liagre described why women often do so well in collections departments and how […] [Read More]
PODCAST: More road adventures & dealer anecdotes with Gene Daughtry
Wednesday, Nov. 22, 2023, 10:34 AM
BHPH Report Staff
This year’s travels for dealer road warrior Gene Daughtry took him to Used Car Week, and the senior consultant for Auto Master Systems made another visit for the Auto Remarketing Podcast. Daughtry shared more anecdotes from his conversations with dealerships since last appearing in the summer and how operators are bracing for potential industry turbulence. […] [Read More]
PODCAST: Reviewing this year’s used-car market with CarGurus’ Kevin Roberts
Wednesday, Nov. 22, 2023, 10:30 AM
Auto Remarketing Staff
Just before finishing his time at Used Car Week, CarGurus director of industry analytics Kevin Roberts took a few moments to appear again on the Auto Remarketing Podcast. Roberts shared some tidbits from CarGurus’ upcoming report recapping this year’s used-vehicle market as well as what trends he’ll be watching closely in 2024. The conversation can […] [Read More]
AutoTrader Canada’s new Pivot tool uses augmented reality to bring 3D visualization to online car shopping
Tuesday, Nov. 21, 2023, 04:52 PM
Sarah Rubenoff, Correspondent
AutoTrader.ca is partnering with London Dynamics for a new online car shopping “experience” using a three-dimensional, 360-degree vehicle viewing process, allowing shoppers to explore vehicles from every angle. The new AutoTrader Pivot tool is described as a “game-changing immersive and interactive online car shopping experience.” For OEMs and retailers, the companies said Pivot provides a […] [Read More]
CBB’s new tool aims to offer big-picture view of Canadian auto inventory landscape
Tuesday, Nov. 21, 2023, 04:39 PM
Sarah Rubenoff, Correspondent
Canadian Black Book recently introduced Pulse, a visualization tool designed to help automotive professionals across various verticals gain insights from retail market data to power their business-critical decisions. Pulse aims to make it easier for auto professionals to drill down and benefit from retail market data. Making decisions about buying and selling shouldn’t be so […] [Read More]
Safe-Guard Canada hires former Dealertrack executive as managing director
Tuesday, Nov. 21, 2023, 03:47 PM
Auto Remarketing Canada Staff
Safe-Guard Products’ Canadian operations has a new managing director. Quebec’s Michel Archambault is appointed to the position, bringing over 20 years of experience, nine of which were most recently spent in the auto-finance sector. Safe-Guard, which provides branded protection products for the automotive, RV, powersports and marine industries, says the hire of a local executive […] [Read More]
Philanthropy: Dealer group, auto auction make sizable donations to charities
Tuesday, Nov. 21, 2023, 03:18 PM
Auto Remarketing Staff
The results of Sheehy Auto Stores’ 2023 fundraising campaign are in — and they are heartening. The dealer group, which operates 28 dealerships in Virginia, Maryland and Washington D.C., announced its annual “Sheehy Has Heart” campaign raised $341,476 for the American Heart Association to promote heart-healthy living. Sheehy has raised more than $2.6 million since […] [Read More]
ACV makes progress on the path to normal
Tuesday, Nov. 21, 2023, 02:55 PM
Daryl Lubinsky, Correspondent
Much of ACV Auctions’ third quarter 2023 earnings call on Nov. 6 focused on supply of new and used inventory in the market, with CEO George Chamoun saying, “we have in our planning that the market returns by 2026.”
“Normal” and “normalize” were frequently used words during the earnings call, and Chamoun made that 2026 market return comment during the Q&A portion of the earnings call in response to a question on when ACV believes the industry will “normalize.”
Chamoun answered with ... [Read More]
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