Although overall wholesale vehicle values this month have “plateaued” at the spring/tax season peaks reached in April, prices on late-model units continues to rise. That’s according to the latest Kontos Kommentary report from ADESA chief economist Tom Kontos released Thursday. The average wholesale vehicle value was at ... [Read More]

Protective Asset Protection recently expanded its F&I professional development program for dealers, with added in-person and online curriculum and an additional new team member for its training team. Protective’s training team created an advanced class for F&I Skills. As the industry continues to evolve, the company highlighted this class is designed to help senior F&I […] [Read More]

Next up in Auto Remarketing’s “4 Questions With” series of Q&As with industry executives, we connect with Brad Rosenfeld, CarGurus executive vice president of digital retail commercialization. The following Q&A with Rosenfeld is available to CMG Premium subscribers ... [Read More]

A partnership finalized this week involving Tekion and Sunbit could help dealerships in many ways, such as helping their customers pay for necessary vehicle repairs before they make Memorial Day weekend trips. Through this partnership, Sunbit’s point of sale lending technology can offer dealers access to flexible payment options from Tekion Automotive Retail Cloud (ARC). […] [Read More]

While many consumers are still tentative, Canada is “warming up” to electric vehicles, and subsequent sales gains are helping to improve the used retention values of these vehicles. That’s according to analysis and a study developed by Canadian Black Book, which found that 44% of Canadian car buyers would likely consider going electric. While 56% […] [Read More]

MEI Group, the Texas-based organization that includes Empire Indemnity Insurance Co., RRG and National Lenders General Agency, specializing in reinsurance products for dealerships and finance companies in the BHPH, LHPH and point of sale markets, appointed a new president. The company said Nehad Dwikat has been chosen as president of automotive sales and finance at […] [Read More]

Cox Automotive senior director of government affairs Sarah Hunsicker gave both historical background and forward-looking perspectives about electronic lien and title (ELT) processing, which is now mandatory in 13 states. Hunsicker recapped in a company podcast with Deshaun Sheppard, a lenders solution expert with Dealertrack, that ELT processing began in 1989 in California. But it […] [Read More]

Next up on our series of podcasts from April’s Auto Intel Summit & NRC Spring Summit is another panel discussion, J.D. Power’s Jonathan Banks, NAAA’s Larry Dixon and CarGurus’ Kevin Roberts share insights on the state of the economy and its impact to the retail, remarketing and finance segments of automotive. This discussion also includes […] [Read More]

Manheim said Wednesday it has launched a new self-inspection mobile app for commercial consignors, called “Next Inspect,” designed to help them capture a vehicle’s condition and decide on next steps. The product is designed to relieve “the inherent friction in today’s off-lease processes and gives fleet owners needed visibility into the condition of their inventory,” […] [Read More]

Getaround’s recent acquisition of HyreCar’s assets also included experienced executives who were given new positions this week. Former HyreCar CEO and chief financial officer Eduardo Iniguez now will be senior vice president of finance and strategy, while former HyreCar chief operating officer AJ Lee now will serve as vice president of gig marketplace. Through this […] [Read More]