With the new year comes new advertising campaigns, and two of the giants in the used-vehicle business have launched theirs. CarMax, one of the nation’s largest used-car retailers, announced a new commercial spot based around the much-maligned minivan, a vehicle that a few years ago was all but pronounced dead by USA Today. But CarMax […] [Read More]

Though still well above pre-pandemic levels, wholesale vehicle prices closed 2023 with a larger than expected (or typical) decline, capping a two-year run of downhill movement. That’s according to separate analyses released Monday by Cox Automotive and Black Book. Cox Automotive’s Manheim Used Vehicle Value Index fell 7.0% year-over-year in December and dropped 0.5% month-over-month, […] [Read More]

Car shipping platform Super Dispatch was selected as a 2024 Merit Award Gold winner in the automotive and transportation program as Transportation Management Solution of the Year. The Merit Awards, founded in 2022, recognize businesses that have contributed to the continued growth of the market worldwide. Gold, silver and bronze award winners for various categories […] [Read More]

The used electric vehicle market is growing, and perhaps more important, used EV prices are coming down, according to research from EV data and analytics provider Recurrent. The company’s Q1 Used EV Market Report found the average listing price of a 2017-2019 Tesla Model 3 has dropped below $30,000. That’s an important milestone because it […] [Read More]

Drivers who bought their cars used show little loyalty to their current brand when buying another vehicle — especially when they buy another used vehicle— according to the latest research by LexisNexis Risk Solutions. The data and analytics firm’s 2023 Automotive Brand Loyalty Study found just 21% of used-vehicle owners who bought their next vehicle […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion titled, “Digital Finance for Modern Retail.” The session included Pete MacInnis of eLEND Solutions, Chris Mitcham of Santander Consumer USA, Jim Fitzpatrick of CBT News and Kevin Kohlmeyer […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion titled, “The Changing Landscape of Repossession Management.” The session included Suzi Straffon of Allied Solutions, JJ Amick of United Recovery & Remarketing, Justin Conners of Primeritus Financial Services […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion titled, “Innovation in Used Car Logistics: Technology and Sustainability.” The session included Casey Harmon of RunBuggy, Steve Greenfield of Automotive Ventures, Tracy Kaiser of Toyota Financial Services and […] [Read More]

iA Financial Group has invested $25 million into AutoCanada’s new F&I online business on Kijiji’s marketplace. This investment gives iA Financial Group a 10% equity interest in the business unit that will sell finance, insurance and warranty products to buyers of private owner-sold vehicles on Kijiji. AutoCanada first announced the integration with Kijiji back in […] [Read More]

The commercial automotive industry stands at the crossroads of economic challenges, evolving customer needs, and a dynamic environmental landscape, setting the stage for a transformative journey in 2024. As a new year unfolds, bringing fresh goals, evolving regulations, and expanded opportunities, let’s delve into the five pivotal trends that promise to shape the industry’s future. […] [Read More]