A central part of Carvana’s business model will soon be officially legal in Illinois. This week, Gov. J.B. Pritzker signed legislation that clarifies the state’s law governing auto sales by specifically allowing electronic signatures during the sale and home delivery of vehicles to buyers. The bill, backed by a Carvana-led coalition and introduced by State […] [Read More]

Live virtual auction platform EBlock recently chose a former Hyundai Capital Canada executive as its new director of commercial sales: Bryan McIntyre, the prior senior manager of remarketing and ops support at Hyundai Canada’s captive arm. McIntyre was with Hyundai Capital since 2017. He has 15 years of auto industry experience and has held management jobs within auto finance organizations that include subprime lending, major bank and captive finance lenders. McIntyre spoke with Auto Remarketing Canada shortly after he took the new role at EBlock ... [Read More]

At least three economists anticipate the Federal Reserve pushing interest rates higher after chairman Jerome Powell made one of his most anticipated speeches of the year last week. The Fed’s annual gathering in Jackson Hole, Wyo., was the backdrop on Friday when Powell delivered his remarks, generating reaction from Cox Automotive chief economist Jonathan Smoke […] [Read More]

PaymentVision doesn’t want businesses of all stripes to forget that sometimes consumers still want to pay their bills with cash. The payment processing solutions provider launched a campaign urging billers across industries to embrace the importance of consumer choice by incorporating pay by cash walk-in payment options into their regular billing methods. PaymentVision said businesses […] [Read More]

If you already suspect many of the contract holders in your auto finance portfolio prefer to be contacted via text messaging, this research might reinforce your thinking. A recent study conducted by TextUs and Benenson Strategy Group surveyed smartphone users nationwide on their usage of text messaging in an effort to provide an insightful look […] [Read More]

Next up on our NAAA 75th series of the Auto Remarketing Podcast commemorating the diamond anniversary of the National Auto Auction Association is a conversation with Jenn Leocardi, who is vice president of institutional sales at America’s Group. Leocardi has also held a number of leadership roles within NAAA. We caught up with her on […] [Read More]

Traditionally, one obstacle to electric vehicle adoption (even used EVs) has been high prices that put many customers out of the market. Well, perhaps that road bump has somewhat smoothed in the pre-owned market. According to the latest CARFAX Used Car Price Index, prices on used hybrids and EVs were down 22.1% year-over-year in August. […] [Read More]

This episode of the Auto Remarketing Podcast features Tim Gill, who became the vice president of research and chief economist at the American Financial Services Association earlier this summer. Gill described what’s happened in the U.S. economy so far this year he’s found most interesting and how current trends might impact the automotive industry. The […] [Read More]

The Indiana Independent Auto Dealers Association (IIADA) recently hosted its first convention in more than a decade, celebrating achievements and milestones of its members and industry leaders. The first recipient of the IIADA Distinguished Member Award was Kesler Schaefer Auto Auction, which gained the special honor for marking its 80th anniversary. “Having established themselves as […] [Read More]

Last week, ADESA chief economist Tom Kontos discussed what might happen to the used-car market if a strike involving manufacturing plant workers who build new vehicles for the Big 3 OEMs happens next month. On Tuesday, Black Book noticed wholesale price implications already are starting to surface. For the first time this month, analysts said […] [Read More]