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]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features six auction industry executives for a discussion about digital wholesale and their outlook on the overall wholesale industry. The panel included: —Mike Caggiano of ADESA —George Chamoun of ACV —Jason Ferreri […] [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 luncheon keynote presentation titled, “Biased for Action: Creating Success Through Adversity,” by Lindsay Ciavatonne of CarGurus. Listen to the episode in the window below. [Read More]

Regulators are targeting another dealership over what they dub to be “junk fees,” among other allegations. According to a news release distributed on Thursday, the Federal Trade Commission and the Connecticut attorney general are taking action against Manchester City Nissan (MCN), along with its owner and a number of key employees, for “systematically deceiving” consumers […] [Read More]