This week, the remarketing division at Westlake Financial announced its 2022 Auction of the Year Awards, recognizing a nationwide honoree as well as five regional accolade recipients. In recognition of the “incredible” performances this past year, Westlake gave its 2022 Nationwide Auction of the Year Award to Rawls Auto Auction. “Rawls Auto Auction is proud […] [Read More]

AutoIMS and Experian have teamed up to offer commercial consignors using the AutoIMS inventory management platform a three-month trial of Experian’s AutoCheck Vehicle History Snapshot data and full vehicle history reports. The free trial began in January and lasts through the end of March. The AutoCheck reports can be accessed on demand through AutoIMS or […] [Read More]

Credit Union Leasing of America (CULA) set a new record in 2022 for originations with $2.7 billion in leases, surpassing its single year record of $2 billion set just a year earlier. According to a news release, the company originated 64,000 leases through its credit union partners in 2022, up from 50,000 in 2021. In […] [Read More]

Pete MacInnis, founder and CEO of eLEND Solutions, and his team rolled out a pair of new tools during NADA Show 2023 to help dealerships and finance companies. First, eLEND Solutions launched of DealMaker, a digital finance pre-desking platform. MacInnis explained that the platform is an evolution of basic online payment calculator tools and the […] [Read More]

Consumer Bankers Association president and CEO Lindsey Johnson offered a pointed response to a specific part of President Joe Biden’s State of the Union address given on Tuesday night. It all had to do with what Biden referred to as “junk fees.” The president told the nation: “Junk fees may not matter to the very […] [Read More]

The very first and most frequent guest on the Auto Remarketing Podcast appeared again during the 2023 Vehicle Finance Conference hosted by the American Financial Services Association in Dallas. Jeremiah Wheeler, president of DRN and MVTRAC, offered an update about consumer migratory patterns and how they’re influencing vehicle repossessions. To listen to the conversation, click on […] [Read More]

It was an unseasonably balmy February day in Atlanta on Tuesday. Coincidentally, the respective monthly used-car value indices released by two companies headquartered in the area showed signs of warming in the wholesale vehicle market, even “hints” of spring. While both Black Book’s Used Vehicle Retention Index and Cox Automotive’s Manheim Used Vehicle Value Index […] [Read More]

McConkey Auction Group said Tuesday it has promoted Aaron McConkey, who has been the group’s vice president of strategic technology since 2021, to the role of assistant general manager of its DAA Seattle location. In his VP role at MAG, he has worked out of the DAA Seattle location in Auburn, Wash., the past two […] [Read More]

Black Book didn’t officially declare arrival of the spring market, but analysts are quite intrigued about what’s going to happen at the auction during the next few days. Black Book based its expectations after watching wholesale prices soften just 0.25% during the week that closed on Saturday, two days after Punxsutawney Phil predicted six more […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature a presentation from LotPop chief operating officer John Anderson at Used Car Week, which discusses the following topic: "Race to the Top, Not the Bottom: Strategies to Help Maintain Gross and Volume." Stay tuned for more podcasts from UCW as they become available. To […] [Read More]