Used-car prices on the retail side of the market are currently down roughly 10% year-over-year, but are moving higher — meaning now might be the right time for consumers to purchase. That’s according to the first-ever CARFAX Used Car Index, which the company announced Friday. The index monitors asking prices on Carfax.com listings in various […] [Read More]

One of last year’s Emerging 8 honorees has a new chief executive officer. On Thursday, Dealer Trade Network, an inventory optimization solution for franchised dealerships, appointed Christian Miller as the company’s CEO. Miller joined Dealer Trade Network as chief financial officer at the beginning of the year. During the first quarter, the company said Miller […] [Read More]

Cox Automotive chief economist Jonathan Smoke is not only passionate about the financials that make the automotive industry and the economy function. He’s also passionate about music; so much so that he’s a DJ on the side. On Friday, Smoke merged his two passions together, compiling a list of 24 songs expressing his sentiments about […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Julie Warpool, who is senior vice president, auction systems, at Auction Edge. What is the top trend you’re watching in remarketing/wholesale automotive this year? […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Angela House, who is assistant general manager of Alliance Auto Auction – Austin. What is the top trend you’re watching in remarketing/wholesale automotive this […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Jessica Lanier, who is  vice president, marketing – Inventory & NextGear Capital, at Cox Automotive. What is the top trend you’re watching in remarketing/wholesale […] [Read More]

If one knock on the potential electric vehicle adoption is affordability — even for pre-owned models — then recent used EV data might be a welcome sign for retailers and consumers, alike. The latest CarGurus Intelligence Report outlined the 10 model-year 2013-2022 pre-owned vehicles with the biggest price declines between July and March, and the […] [Read More]

April’s used-car sales could end up softer than last month and year-ago levels, but dealers wouldn’t be wrong in cautious optimism for selling conditions in the months ahead, with supply and prices strengthening. TrueCar is anticipating that used-car sales will fall 1% year-over-year and drop 6% from March, coming in at roughly 3 million units. […] [Read More]

OCM Auto Financing Group Ltd., a subprime auto finance company based in Ottawa, said last week it has upped its fund size to $100 million. Comprising the facility is a combination of funds from investors via debenture offerings as well as funds from CWB Maximum Financial Inc. The latter is part of the Canadian Western […] [Read More]

Perhaps cyclical improvements in auto finance defaults during the springtime are making a notable return. According to data through March for the S&P/Experian Consumer Credit Default Indices, S&P Dow Jones Indices and Experian reported the auto default rate dropped 7 basis points on a sequential basis to land at 0.88%. Just before the pandemic arrived, […] [Read More]