Experts are using words such as “noise” and “chaos” when describing developments coming out of Washington and what consumers are currently thinking as they try to explain what might unfold next in the car business and the general economy. Bottom line: dealerships and finance companies ought to prepare for turbulent conditions for the rest of […] [Read More]

There could be trouble brewing in the Canadian wholesale used-vehicle market. Canadian Black Book’s Used Vehicle Retention Index rose 0.9 points to 138.9 in February. It wasn’t the eye-opening 2.3-point jump of the previous month, and was still down 3.3% year-over-year, but CBB senior manager and head of Canadian vehicle valuations David Robins said it’s […] [Read More]

March started on Saturday; the last day of the week included in the newest Black Book analysis of the wholesale market. And that stretch generated the highest conversion rate seen at the auction so far this year, as Black Book pegged it at 62%, marking an increase of 4 percentage points from the previous week. […] [Read More]

If reliability and value are your customers’ top priorities for a used car, you might want to make sure the Honda Fit is on your lot. The subcompact hatchback, which was discontinued by Honda in 2020, is the most reliable 5- and 10-year-old vehicle for the money, according to the latest research from iSeeCars. The […] [Read More]

Cherokee Media Group is proud to recognize this year’s Women in Collections and Recoveries, presented by American Recovery Service. We were privileged to receive a record number of nominations for this program, leading to 20 industry leaders being recognized. The honorees include: JJ Amick, client & vendor manager, United Recovery & Remarketing TJ Baggett, chief […] [Read More]

Work Truck Solutions announced it has secured a strategic majority investment from Rubicon Technology Partners, a Boulder, Colo.-based private equity firm focused on investing in and growing software companies. In a news release, the software provider said it “remains committed to its leadership role in the commercial vehicle market by delivering the same thoughtful software, […] [Read More]

To support M&A Cybersecurity Awareness Month, BlackSwan Cyber is offering complimentary cyber screening throughout March, providing lower middle-market deal teams with a fast and efficient way to assess cyber risks before closing. The boutique M&A advisor, exclusively focused on helping private equity firms, M&A advisors, and deal teams assess cyber risk in transactions, said cyber […] [Read More]

On Tuesday, Solifi, a global fintech software partner for secured finance, announced the appointment of Karan Oberoi as its new chief product officer. The company said Oberoi brings a wealth of experience to Solifi, having previously served as chief product officer with Backbase, a leading engagement banking platform in The Netherlands used by top tier […] [Read More]

Casey Ivins of the Costco Auto Program returns to the Auto Remarketing Podcast to talk about the latest moves from the program in the certified pre-owned segment, expanding the number of used cars available for Costco members and why affinity programs make sense for retailers and automakers. Ivins also talks with Cherokee Media Group senior […] [Read More]

With wrongful repossessions costing finance companies and forwarders up to an estimated $1 million annually, MBSi has introduced a solution which significantly reduces lien lost risk and associated costs. MBSi highlighted on Tuesday that Lien Verification is a new product solution embedded within its RecoveryConnect platform, which can automate the process of checking vehicles for […] [Read More]