Similar to the week before, wholesale vehicle prices last week declined on average by 0.28%. That’s according to Canadian Black Book, which tracks wholesale market changes week by week. Truck and SUV segments saw a more significant dip of 0.44%, while the car segment prices fell by just 0.11%. The compact luxury crossover/SUV was hit […] [Read More]

OPENLANE subsidiary AFC has hired longtime automaker executive Robert Staffieri as its new regional director of Canada, where he will be responsible for overseeing the company’s field operations in the country. This includes sales, business development and customer success. “Robert is a skilled operator with a proven track record within automotive finance, bringing more than […] [Read More]

Next up on our series of podcasts from last month’s NIADA Convention is a conversation with Stan Deak, chief revenue officer at Super Dispatch. Deak and Cherokee Media Group senior editor Joe Overby talk about the role of vehicle transport in the independent dealer community, the transport and logistics ecosystem, the company’s “Lucky Load” promotion […] [Read More]

Tackling the ongoing automotive industry challenge of finding and retaining qualified repair technicians is the focus of this episode of the Auto Remarketing Podcast, featuring Joe Atkinson and Kim Payne of Automotive Apprentice Group. The firm operates a program to create qualified auto technicians and connect them with a network of dealers and service centers. […] [Read More]

Financial innovation platform Exponential Exchange has closed an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management tools into the automotive ecosystem, as well as other industries with underserved asset classes. Industries such as agriculture, energy and manufacturing have long […] [Read More]

RunBuggy Inc., a technology platform that connects car shippers and transporters, has intregrated its cloud-based quoting, ordering and tracking engine into PrivateAuto, a transactional marketplace for the private vehicle sale process. RunBuggy said it expects the partnership to stimulate a surge in user convenience for PrivateAuto customers, contributing to greater and more transparent connections between […] [Read More]

Stretching terms concern credit unions when building their used-vehicle portfolios, but those auto finance providers don’t appear to be eliminating that practice any time soon. Over-extension on used-vehicle installment contracts is the No. 1 concern for credit unions in the 2023, according to Credit Union Leasing of America’s (CULA) Q2 2023 Credit Union Used Vehicle […] [Read More]

Automotive Personnel founder Don Jasensky paid another visit to be on the Auto Remarketing Podcast for a discussion about the employment front. Jasensky shared his perspectives with Cherokee Media Group’s Nick Zulovich about which departments finance companies are looking to reinforce nowadays as well as some recommendations about how institutions can blend their human and […] [Read More]

PassTime might not have a badge, but the GPS solutions provider was recently involved in a pair of incidents where the company provided crucial assistance to law enforcement. Through a post on its website and another on social media, PassTime recapped how its devices helped to locate stolen vehicles, with one incident leading to the […] [Read More]

Origence and Eltropy said this week that they are expanding their partnership to deliver an enhanced origination experience. The technology solutions provider for credit unions and the digital communications platform for community financial institutions (CFIs) said they’re broadening their partnership initially announced in December. The alignment is meant to address a significant challenge faced by […] [Read More]