Like the Earp brothers in “Tombstone,” the used-car industry is reuniting in Arizona this year for Used Car Week. For the first time since 2018, the event will be held at the Westin Kierland in Scottsdale. While the sunshine, balmy climate and cool desert nights remain, much has changed in the five years since Used […] [Read More]

Like the number of teams still alive in the MLB playoffs, used-car prices are dropping in October. Wholesale vehicle values climbed sequentially for the second straight month and were still astronomically high in September compared to pre-COVID levels, but signs indicate that October is seeing the usual autumn slowdown. That’s according to the September/October Kontos […] [Read More]

In today’s rapidly evolving automotive landscape, the work truck industry has emerged as a crucial segment that holds immense potential for both stability and growth. Despite its significance to local, national and global economies, the commercial vehicle opportunity has often been relegated to the periphery of the automotive dealership. However, with the current erratic economy […] [Read More]

Auction Insurance Agency, a division of AutoTec, celebrated a milestone anniversary this month. The third-generation family business commemorated its 70 years of providing the wholesale vehicle industry with payment and title guarantee insurance, fraud protection, risk mitigation, B2B arbitration and C2C dispute resolution in an event at the grand atrium of the Barber Motorsports Museum […] [Read More]

Dealers likely aren’t walking the auction lanes with the same intensity that United Auto Workers (UAW) are marching on picket lines. Black Book summarized the latest auction scene on Tuesday, a day after the UAW told 6,800 workers at the Sterling Heights Assembly Plant in Michigan to strike at the facility that builds Stellantis’ best-selling […] [Read More]

Rental car giant Hertz has named Justin Keppy as its new executive vice president and chief operating officer. Keppy, who will assume the role effective Nov. 15, will be responsible for running the day-to-day operations of the company’s global business. Keppy joins Hertz from Carrier Corp., serving most recently as president of North America residential […] [Read More]

Used Car Week is returning to Scottsdale, Ariz., from Nov. 6-9, and Cherokee Media Group is once again thrilled at the opportunity to get the movers and shakers in the business together in person. During the COVID-19 pandemic lockdown and ban on large gatherings, the auto industry — which thrives on in-person conferences, shows and […] [Read More]

While also looking closer at the subprime segment as well as credit unions, S&P Global Ratings acknowledged five primary ingredients likely will create “further deterioration” of outstanding auto finance portfolios. However, firm experts see banks, captives and other providers being able to weather the challenges, according to a report S&P Global Ratings shared with SubPrime […] [Read More]

Clutch is now the official online car retailer of the National Basketball Association in Canada, with the 2023-24 NBA season beginning Tuesday. The two announced this week a multiyear marketing partnership, and the collaboration began with an “interactive fan event” in downtown Toronto. During the event, one of Clutch’s red flatbed trucks the company is […] [Read More]

Auto Remarketing Canada correspondent Sarah Rubenoff makes her hosting debut on the Auto Remarketing Podcast, where she talks with PAVE founder and co-CEO Steve Southin. Sarah and Steve talk artificial intelligence and its role in the development of PAVE’s platform, the pain points the company aims to solve for dealers and much more. Listen to […] [Read More]