This week, APCO Holdings announced the addition of three new hires to its executive team. Coming aboard the provider and administrator of automotive F&I products and home to the EasyCare and GWC Warranty brands are Dell Birch, Heather Sachs and Ben Winter. Birch is APCO Holdings’ new vice president of operations and technology. Birch brings […] [Read More]

Automotive Finance Corp. is celebrating its 35th anniversary this year by encouraging its branches to complete 35 acts of kindness before the end of 2022. AFC president Jim Money and chief operating officer Will Mitchell join the show to talk about how the AFC team is getting involved in these acts of kindness, how the business […] [Read More]

Repo volume is climbing, but don’t expect it to get to pre-pandemic levels any time soon. After two years of declines, the amount of repossessed vehicle volume flowing into wholesale channels is expected to tick up to 1.2 million in 2022 and remain at that level in 2023 before … [Read More]

In another installment of its Tip of the Week, Ignite Consulting Partners reviewed what the Federal Trade Commission previously has stated about what attributes a qualified individual (QI) should have. These are the individuals at a dealership or finance company who head up matters associated with the revamped Safeguards Rule and other regulations generated by […] [Read More]

Sales might have softened in September, but Cox Automotive indicated credit for auto financing improved as the third quarter closed. According to the newest Dealertrack Credit Availability Index released this week, access to auto credit expanded in September for the first time in … [Read More]

From franchised dealerships and collision centers to independent stores and now auctions, AutoCanada has been on the acquisition path this year. Its latest purchase marked the publicly traded dealer group’s first foray into the wholesale industry. AutoCanada recently announced its purchase of North Toronto Auction. This news is part of a broader trend the industry […] [Read More]

Wholesale vehicle volumes are expected to decline for the third straight year, with a 7% decline projected for 2022, according to wholesale flow forecasts included in Cox Automotive’s latest Manheim Used Vehicle Value Index presentation. The biggest driver in the declining numbers of cars making their way into wholesale has been the drop-off in lease […] [Read More]

Along with the seventh annual Diversity Volume Leadership Awards (DVL), last week’s annual NAMAD Conference in Miami also included Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarding two Rising Star Awards. The 2022 award recipients were Jarryd Carver, chief executive officer of Winners Circle Automotive Group, headquartered in Hampton, […] [Read More]

As previously reported in Auto Remarketing, there were more than 52,000 reports of stolen catalytic converters in 2021, which was a 13-fold increase from 2019, according to the National Insurance Crime Bureau (NICB). ACV is looking to help dealers have more confidence that their next piece of inventory hasn’t been impacted by criminals with its […] [Read More]

The Arizona Creditors Bar Association recently offered its explanation for what Proposition 209: The Predatory Debt Collection Protection Act could do to collections within auto finance and other creditor segments if voters in the Grand Canyon State approve the proposal in November. First, according to material shared with SubPrime Auto Finance News, the association explained […] [Read More]