Auto manufacturers, dealers and more have stepped up with donations and other relief programs in the wake of the devastating wildfires on the Hawaiian island of Maui, which according to the latest estimates, have left more than 100 dead, 1,000 or more still missing and more than $1 billion in property damage. Korean automakers Kia […] [Read More]

In this episode of the Auto Remarketing Podcast, longtime auto industry analysts Alain Nana-Sinkam and Eric Lyman join the show to discuss their new venture called “Remarkit Automotive,” an automotive advisory firm. In addition to explaining the firm’s origins, Nana-Sinkam and Lyman also delve into the evolution of vehicle forecasting, projections for the electric vehicle […] [Read More]

OEMs continue to pump out new electric vehicle models, and supply of some of the legacy models is backing up as new-car inventory continues to expand slowly but surely. Although Canadian consumers are leaning toward smaller vehicles due in part to high prices and interest rates, as well as gas prices and environmental concerns, there could be a shift in the near future. With the rise of electric SUVs becoming more commonplace, this could help ... [Read More]

Vehicle sourcing platform Carbly has launched Market Tracker, a product designed to empower auto dealers with critical real-time insights into their regional used car retail market. Carbly CEO Scott Roth said the new tool “draws on Carbly’s massive dataset of retail vehicle data” to give dealers important observations and see trends they might otherwise miss. […] [Read More]

Rhode Island’s attorney general recently reached an agreement to resolve three enforcement actions with a trio of franchised dealerships in the Ocean State for charging automatic add-ons and fees not included in the advertised price and other advertising practices. In an agreement — called an assurance of voluntary compliance filed in Rhode Island Superior Court […] [Read More]

Open Lending announced this week that chief technology officer Sarah Lackey has been elected to the Forbes Technology Council, an invitation-only community for CIOs, CTOs and technology executives. As a member of the council, Open Lending highlighted Lackey will provide insights on the evolving role of technology in automotive financing for leaders in finance, fintech […] [Read More]

A big dealer group is getting bigger, with new facilities coming — appropriately enough — in Texas. Swickard Auto Group, owner of 42 franchises nationwide, has announced its plan to open Mercedes-Benz South Austin in late 2023, promising to “bring luxury automotive experiences to the South Austin area.” The new dealership, which will cover 80,000 […] [Read More]

Satyan Merchant, senior vice president and head of TransUnion’s auto finance business, made another appearance on the Auto Remarketing Podcast to discuss findings contained in the company’s Q2 2023 Quarterly Credit Industry Insights Report (CIIR). Merchant also described the impact the youngest consumers who can secure credit already are generating. The conversation can be found […] [Read More]

Wolters Kluwer head of automotive strategy Tim Yalich returned for another episode of the Auto Remarketing Podcast to update how the industry is working toward more digital adoption in auto financing. Yalich also touched on how much long-in-the-tooth technology like fax machines is still being used. The conversation can be found in the window below. [Read More]

Vehicle inspection platform PAVE is partnering with dealer vehicle acquisition platform Turnyn. The partnership is designed to “revolutionize the vehicle acquisition and appraisal process,” in an effort to increase efficiency, condition insight and pricing accuracy, PAVE says. “The collaboration between PAVE and Turnyn is driving innovation and efficiency in the vehicle acquisition market,” said Brian Steinhauser, […] [Read More]