Pete MacInnis spotted a result in the latest eLEND Solutions dealer survey that really caught his attention. And it relates to what concerns potential vehicle buyers most. MacInnis discussed that topic and more in this episode of the Auto Remarketing Podcast recorded during NADA Show 2023 in Dallas. To listen to the conversation, click on the […] [Read More]

In an episode of the Auto Remarketing Podcast recorded before it became public that S&P Global Mobility acquired Market Scan, president Rusty West revisited his explanation of why the laws of physics also apply to auto financing. West recapped that analogy and more during this exchange in Dallas during NADA Show 2023. To listen to […] [Read More]

ServNet has expanded in California with the addition of All Valley Dealers Auto Auction, which is located in the North Hollywood neighborhood of Los Angeles. The Soghomonian family owns and operates AVDAA, which was built in 1986 by Victor Soghomonian, who continues to run the auction with his sons. Justin Soghomonian is vice president and […] [Read More]

Better Vantage Point founder Tom Kline acknowledged that sometimes dealers think the Federal Trade Commission or the Consumer Financial Protection Bureau are too busy to go poking around their showrooms looking for malfeasance. In a preview of his presentation for the Auto Intel Summit coming up in April, Kline explained why dealers should be wary […] [Read More]

TrueCar announced a few shifts in its C-suite leadership operations on Tuesday. Jantoon Reigersman, who was previously both chief operating officer and chief financial officer, will now solely focus on the COO position. He joined TrueCar as CFO in 2021, then took on the COO role as well in February 2022. Former senior vice president […] [Read More]

The appeal of nearly new models likely has been heightened since the average transaction price for a new vehicle in January came in at $49,388, which was $2,768 higher year-over-year according to data from Kelley Blue Book. Well, Black Book noticed it’s also going to cost dealers more in the wholesale world to get 0-to-2-year-old […] [Read More]

Used-vehicle sales in 2022 for publicly listed Lithia Motors were challenging. The rate of increase in the average retail selling price slowed markedly in the fourth quarter and the decline in the average gross profit per used unit deepened. Used retail sales in the fourth quarter were basically flat compared to the same quarter in […] [Read More]

Let’s talk about the Fifth Square. It’s what builds value with today’s car-shopping customer. You won’t find it in a four square. Today, roughly 70% of the buying public is made up of folks from the Millennial generation. And they’ve changed the definition of information they consider important to making a decision. You see, price, […] [Read More]

Interest rates have been rising for more than a year, and auto defaults are on a similar trajectory. S&P Dow Jones Indices and Experian now have seen auto defaults climb nine times in the past 11 months. According to data through January for the S&P/Experian Consumer Credit Default Indices, the auto default rate moved another […] [Read More]

Cherokee Media Group senior editor Nick Zulovich reconnected with Agora Data CEO Steve Burke during NADA Show 2023 in Dallas for this episode of the Auto Remarketing Podcast. Burke shared his perspectives on how buy-here, pay-here dealerships are doing financially based on client data and other perspectives. He also mentioned what trends he’s watching beyond […] [Read More]