Comerica Bank pointed out that first-quarter consumer spending — which accounts for two-thirds of the U.S. economy — generated its most robust gain since the second quarter of 2021. However, more than three in 10 consumers are experiencing credit insecurity, according to a study by Sezzle conducted in partnership with PYMNTS. In a project that […] [Read More]

Artificial intelligence has the attention of the Consumer Financial Protection Bureau along with three other federal regulatory agencies. Last week, the CFPB, together with the Civil Rights Division of the Department of Justice, the Federal Trade Commission, and the U.S. Equal Employment Opportunity Commission released a joint statement outlining a commitment to enforce their respective […] [Read More]

International Automotive Remarketers Alliance executive director Tony Long will step down from his position leading IARA on Friday, the organization said Monday. Long has been the IARA executive director for close to a decade. The IARA’s executive committee is starting its process to determine a successor. The organization said IARA’s Nikki Jones-Wenger will continue to […] [Read More]

To begin this news roundup from the wholesale market, IAA Holdings, a Ritchie Bros. Auctioneers company, announced on Thursday that it has made strategic real estate investments in New York, Indiana, Connecticut and Delaware. The company highlighted that two of its branches — IAA Staten Island in New York and IAA Fort Wayne in Indiana […] [Read More]

Used-car prices on the retail side of the market are currently down roughly 10% year-over-year, but are moving higher — meaning now might be the right time for consumers to purchase. That’s according to the first-ever CARFAX Used Car Index, which the company announced Friday. The index monitors asking prices on Carfax.com listings in various […] [Read More]

One of last year’s Emerging 8 honorees has a new chief executive officer. On Thursday, Dealer Trade Network, an inventory optimization solution for franchised dealerships, appointed Christian Miller as the company’s CEO. Miller joined Dealer Trade Network as chief financial officer at the beginning of the year. During the first quarter, the company said Miller […] [Read More]

Cox Automotive chief economist Jonathan Smoke is not only passionate about the financials that make the automotive industry and the economy function. He’s also passionate about music; so much so that he’s a DJ on the side. On Friday, Smoke merged his two passions together, compiling a list of 24 songs expressing his sentiments about […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Julie Warpool, who is senior vice president, auction systems, at Auction Edge. What is the top trend you’re watching in remarketing/wholesale automotive this year? […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Angela House, who is assistant general manager of Alliance Auto Auction – Austin. What is the top trend you’re watching in remarketing/wholesale automotive this […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Jessica Lanier, who is  vice president, marketing – Inventory & NextGear Capital, at Cox Automotive. What is the top trend you’re watching in remarketing/wholesale […] [Read More]