In this episode of the Auto Remarketing Podcast, Copart vice president of sales Yoker Vidal joins the show from NADA Show 2023 in Dallas. Vidal and Cherokee Media Group senior editor Joe Overby discuss the distinction between Copart’s various product lines like CopartSelect, BluCar, etc., the importance of physical processes in a digital wholesale world, […] [Read More]

Black Book reported that wholesale values rose another 0.21% last week, representing the highest week-to-week jump analysts have seen in 10 months. According to the latest installment of Market Insights, last week’s increase landed after Black Book spotted a 0.14% increase during the week that included Valentine’s Day and part of Presidents’ Day weekend. Perhaps […] [Read More]

With used electric vehicle sales poised to rise, Edmunds has teamed up with battery range and EV analytics company Recurrent to help potential buyers make more informed decisions — and perhaps soothe some of the range anxiety that still persists in the market. Thanks to a data integration with Recurrent, Edmunds will be able to […] [Read More]

SIXT USA now is renting high-line vehicles at two more major airport locations. On Tuesday, SIXT opened at Pittsburgh International Airport as well as Canada’s largest hub, Toronto Pearson International Airport. These openings follow a series of several new locations in the U.S. last year, including Vail’s Eagle County Regional Airport, Charlotte Douglas International Airport […] [Read More]

Credit IQ founder and CARS vice president Bill Liatsis is back on the Auto Remarketing Podcast for a conversation at NADA Show 2023 with Cherokee Media Group’s Joe Overby. They discuss the fintech landscape, what’s on Credit IQ’s radar this year, how Credit IQ has worked with fellow CARS companies since acquisition and more. To […] [Read More]

I’ve been in multiple conversations with economists and data scientists at Cox Automotive, as well as members of the Chicago Federal Reserve Bank, that have focused on the apparent and surprising strength of used vehicle sales so far in 2023. Most analysts expected used vehicle sales in early 2023 would be softer than they’ve been. […] [Read More]

An analysis by five experts at the Federal Reserve Bank of New York showed consumers in their 20s and 30s represent the age groups with the most auto finance contracts 90 days or more past due. Those fourth-quarter findings are based on anonymized credit reports from Equifax. The five officials from the New York Fed […] [Read More]

AutoCanada announced an acquisition Tuesday that can help strengthen the retailer’s service and repair operations. The company has purchased DCCHail, which is a Canadian paintless dent repair company that specializes in insurance claim management and fixing vehicles damaged by hail. DCCHail has a nationwide footprint and its Calgary hail repair facility is Canada’s largest, AutoCanada […] [Read More]

In the fourth quarter of 2022, Sonic Automotive began to see improvement in new-vehicle production, and that helped the company gain higher new-vehicle retail sales volume at its franchise dealerships. That sales volume outperformed the volume change for the overall industry, quarter over quarter and year over year, said Sonic chairman and CEO David Smith. Used-vehicle performance also shined. Sonic’s diversified business model helped its used-vehicle business outperform the change in industry volume. That strong used-vehicle performance took place despite ... [Read More]

On Monday, SmartGroups: 20 Groups Reimagined finalized another major partnership to put the advantages of 20 Group membership within reach of virtually every dealer. The latest dealerships association deciding to collaborate with the firm is the Florida Independent Automobile Dealers Association (FIADA). SmartGroups’ partnership portfolio now includes seven associations representing eight states. FIADA joins Alabama […] [Read More]