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]

Next up on our series of Auto Remarketing Podcast episodes from April’s Auto Intel Summit & NRC Spring Summit is a panel discussion on the increases in capital investment and M&A in the retail, remarketing, finance and tech segments of automotive. Moderated by Cherokee Media Group senior editor Joe Overby, this panel includes Gina Cocking […] [Read More]

The cost of used electric vehicles are coming down (more on that later), but according to iSeeCars.com, the average price on a 3-year-old EV is still 47% higher than that of a same-age internal-combustion vehicle. Add oddly enough, owners will drive their 3-year-old EV an average of 9,059 miles – 29% less than the 12,759 […] [Read More]

The National Automobile Dealers Association has a new vice president of human resources. NADA said Wednesday that hired for the role is Dawn Worthington, whose nearly three decades of association HR experience includes time as VP of HR for the National Association of Chain Drug Stores and the National Restaurant Association. Worthington is a certified […] [Read More]

Next up on our series of podcasts from April’s Auto Intel Summit & NRC Spring Summit is another panel discussion, moderated by RouteOne’s Alexander Mandeville that features Colton Ray of FUSE Autotech, Mike Sailor of CDK Global, Steve Wittman of Sonic Automotive Group and Michael Wynns of CarSaver. Titled “The Modern Car Buyer’s Purchase Experience,” […] [Read More]