The Canadian wholesale auto market saw prices continue to drop slowly but surely last week. Overall, prices declined by 0.30%, according to the latest report from Canadian Black Book. Trucks and cars were pretty balanced in terms of price movement, with cars dropping by 0.23% and trucks/SUVs falling by 0.37%, the CBB data shows. Only […] [Read More]

The Jonas Brothers’ are celebrating their new album by giving Canadians the chance to get the keys to their new car handed directly from one of the brothers. As the North American leg of their world tour kicks off, Kevin, Joe and Nick Jonas are helping list cars on peer-to-peer online sharing marketplace Turo in […] [Read More]

The National Independent Automobile Dealers Association has selected some of the country’s top buy-here, pay-here dealers as moderators for the dealer roundtables at the upcoming NIADA BHPH Dealer Forum. The association said the moderators will include: —Dan Francis of Andrews Auto Sales in Evansville, Ind. —Ben Libby of Highway Motors in Chico, Calif. —Tracy Myers […] [Read More]

The American Recovery Association is deep into its planning for the 2024 North American Repossessors Summit, which is scheduled for April 11-12 in Orlando, Fla. Through Halloween, ARA is accepting nominations for nine awards that will be given during NARS. The accolades include: —Agent of the Year —Service Representative of the Year —Agency Owner of […] [Read More]

The National Cybersecurity Alliance (NCA) and CybSafe released new research this week examining key cybersecurity behaviors, attitudes and trends as the organizations mark Cybersecurity Awareness Month. Polling more than 6,000 individuals across the United States, United Kingdom, Canada, Germany, France and New Zealand, researchers found the survey findings highlighted a shift in how Americans view […] [Read More]

Lendbuzz announced on Wednesday that the financial technology company that uses alternative data, machine learning and deep neural networks to provide auto financing has raised $345 million. Company leaders said that figure is a combination of $45 million in equity funding and $300 million in a forward flow facility, which they plan to use to […] [Read More]

This week, Lucas Oil announced a new partnership with Dealer Advantage Group to offer two new exclusive Lucas Oil-branded F&I programs to dealerships. The company highlighted Lucas Oil Paint & Interior Program and Lucas Oil Engine for Life Program, available to all automotive, powersport, RV, and marine dealerships in the United States and Canada, can […] [Read More]

As the company hosted its Executive Lending Roundtable last week in Austin, Texas, Open Lending chief revenue officer Matt Roe took some time to have a conversation for this episode of the Auto Remarketing Podcast. Roe recapped two of the major research projects Open Lending has conducted this year as well as the depth of […] [Read More]

In this installment of Auto Remarketing’s 40 Under 40 franchise, we feature the 2023 honorees in the “40 Under 40: Industry” program, which is sponsored by IAA and focuses on consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space. Honorees will be recognized in the upcoming October issue of […] [Read More]

Manheim’s drive to make a difference in its locations’ communities has yielded record-breaking results. The auction company said its annual back-to-school campaign to benefit Boys & Girls Clubs of America raised a record $236,022 in 2023. Funds will remain in the markets where they were raised to help provide local young people with the tools […] [Read More]