Perhaps the electric-vehicle market simply is recharging — at least from a financing perspective. According to Experian’s State of the Automotive Finance Market Report: Q3 2024, consumer interest in EVs found additional juice in the third quarter, even following several quarters of incremental growth. Analysts indicated EVs accounted for 10.06% of new vehicle financing during […] [Read More]

Gene Daughtry’s packed travel itinerary again included Scottsdale, Ariz., for Used Car Week, so the senior consultant for Auto Master Systems made another appearance on the Auto Remarketing Podcast. While collections continue to be a top dealership concern, Daughtry explained why some operators are upbeat about 2025 and beyond. Listen to the episode in the […] [Read More]

Demand for electric vehicles in Canada seems to be powering down. Ernst & Young’s latest EY Mobility Consumer Index report shows Canadian consumers’ intent to purchase an EV has sunk 2% from 2023, even as overall vehicle purchase intent rose 6%. EY’s survey found 48% of Canadians plan to buy a car in 2025, up […] [Read More]

The Canadian used wholesale vehicle market continued to trend downward last week, and at the same rate as the week before, according to Canadian Black Book’s weekly Market Insights report. Vehicle values fell 0.33% overall in the week ending Nov. 30, matching the decline from the previous week, and again trucks led the way, though […] [Read More]

Affordability evidently isn’t just a consideration within the subprime market. Experian highlighted on Thursday that affordability also is pushing some prime and super prime consumers to return to used vehicles. That’s just one of the findings included in Experian’s State of the Automotive Finance Market Report: Q3 2024. While the new-vehicle finance market continued to […] [Read More]

Automotive service technicians are obviously very handy with tools. myKaarma was looking for techs who can use video tools to show and tell customers about their vehicle’s needs. The provider of communication and payment software for dealerships and their service departments announced the winners of its 2024 Tech Video Grand Prix-Fall Edition, a contest designed […] [Read More]

It’s universally agreed that nursing is a noble profession. Which is why a Houston dealership decided to create an award to shine a spotlight on a noble nurse. Mike Calvert Toyota selected Pamela Windle as the recipient of its second annual Noble Nurse of the Year Award, which includes a $10,000 prize. The award celebrates […] [Read More]

Super Dispatch has integrated its automotive transportation management platform with Descartes MyCarrierPortal, a cloud-based system for carrier identity and fraud protection. The companies said the integration is designed to elevate carrier vetting, onboarding and monitoring processes with heightened identity, compliance, safety, insurance and fraud prevention measures enhancing Super Dispatch’s Verified Carrier and Shipper Programs through […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with another conversation about product refunds — perhaps one of the most complex parts of auto finance. Nancy Coleman of Stellantis Financial Services and John Elias of Allied Solutions described why product refunds can be so complicated […] [Read More]

ValidiFI, a leading provider of predictive bank account and payment intelligence to help validate bank accounts, detect fraud and assess credit risk, announced a strategic integration with DigiFi, a leading platform for automated digital lending. As part of this integration rolled out on Wednesday, DigiFi will be adding ValidiFI’s credit risk solutions, including vIndex, vAccount, […] [Read More]