We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode is our next Consignor Conversations. It features Jeffrey Bulthuis of Bridgecrest, Stephanie Compton of Exeter Finance and John Urness of Chase. Listen to the episode in the window below. [Read More]

Michelle Bowman, one of the seven members of the board of governors at the Federal Reserve, appeared via online video this week for a conference hosted by the Aspen Institute about financial inclusion. While Bowman didn’t speak about subprime auto financing specifically, the Fed policymaker discussed a tool sometimes used by consumers who might already […] [Read More]

Colin Tran of Trust Science is back for another episode of the Auto Remarketing Podcast, talking this time from the Used Car Week conferences in Scottsdale, Ariz. Tran discusses how lenders and dealers can find opportunities in today’s volatile market, the differences between subprime consumers and the rest of the economy, and his rapid rise […] [Read More]

Transportation is obviously job one for electric vehicles. But Ford is teaming with a technology company to look into expanding that job description. The automaker announced it is working with Resideo Technologies on a “joint simulation project” to explore vehicle-to-home energy management. The EV-Home Power Partnership is designed to explore the potential of EV batteries […] [Read More]

CARFAX cautioned consumers and the automotive industry about the double-digit in rise odometer rollbacks nationwide since 2021. The vehicle history provider reported this week that roughly 2.1 million vehicles currently in operation have had their odometer rolled back. That’s up 14% or an additional 300,000 vehicles in the past two years. CARFAX calculated consumers lose […] [Read More]

Turn Automotive co-founders Marc Steiner and Todd Folley tried to imagine what it’s like to be a used-car manager nowadays during this episode of the Auto Remarketing Podcast. Along with other observations about the wholesale market, Steiner and Folley also recapped what’s happened at their company this year, including a new partnership with TrueCar. The […] [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 focuses on the State of Auto Financing with a conversation featuring Doug Busk of Credit Acceptance, Andre Medeiros of Nissan Motor Acceptance Corp., and Kerri Wise of AutoFi. Listen to the episode […] [Read More]

Byrider honored more than a dozen different operators when the buy-here, pay-here dealership chain presented annual awards to its franchise body during the company’s annual convention in Marco Island, Fla., last month. Byrider chief executive officer Craig Peters said, “These franchisees and their teams continue exceeding our customers’ expectations by doing everything possible to maximize […] [Read More]

Drivers of VinFast vehicles in Canada now have another option for charging solutions. Electric vehicle charging company FLO is now equipped to provide charging services for Canadian drivers with VinFast EVs, and gives them access through FLO’s network of public level 2 and DC fast chargers. “Partnering with companies like VinFast broadens FLO’s network and […] [Read More]

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]