President Trump sent more than 60 nominations to the U.S. Senate on Wednesday for confirmation to lead regulatory agencies, serve as foreign ambassadors and more. One nomination was Jonathan McKernan to be director of the Consumer Financial Protection Bureau for a term of five years. Upon confirmation, McKernan will be the fourth CFPB director since […] [Read More]

The National Auto Auction Association’s Cybersecurity Task Force says auctions need to beware of cockroaches. But not the insect kind. The task force’s latest educational resource provides examples of real-life incidents to spread awareness of cybercrime and fraud, while also showing NAAA members how to protect their businesses from persistent criminals. “There are many bad […] [Read More]

Black Book reported wholesale values softened by 0.36% last week, a reading consistent with the previous week and the average spotted during the same week before the pandemic. However, analysts are bracing for impact of the much-ballyhooed tariffs orchestrated by President Trump. “Despite the uncertainty introduced into the market last week due to the president’s […] [Read More]

A new partnership aims to make it easier for private parties to sell their electric vehicles. PrivateAuto has partnered with EV analytics provider Recurrent to enable Recurrent’s community of 30,000 EV owners to list their vehicles for private sale on PrivateAuto’s end-to-end transactional marketplace for private-party vehicles. PrivateAuto’s platform is designed to eliminate common challenges […] [Read More]

While the lack of public charging facilities is one of the most cited reasons by consumers for not considering an electric vehicle, most EV owners say they don’t need or use them. Carvana’s EV Trends Report, which includes a survey of more than 400 Carvana customers who purchased a battery electric vehicle in 2024, found […] [Read More]

Incentives on new vehicles: remember those? They’re back in a big way. After hitting a trough of 2.9% of Equipped Retail Typical new-car prices in 2022, according to Black Book, new-vehicle incentives have climbed the past two years. That was especially evident towards the end of 2024 ... [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel featuring Women in Collections and Recoveries honorees. Belinda Beyer of American Recovery Service led the discussion about navigating difficult industry situations, personal perseverance and more. Listen to the episode in the window below and […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel featuring Women in Auto Finance honorees. Jennifer Turnage of Primeritus Financial Services led the discussion about industry developments, professional and personal enrichment and more. Listen to the episode in the window below and stay […] [Read More]

Researchers at the Federal Reserve Bank of Philadelphia asked an interesting question and went to the auto-finance market to find answers. The title of the resulting white paper is, Who Provides Credit in Times of Crisis? Evidence from the Auto Loan Market. And the findings come at a time when some economists aren’t necessarily seeing […] [Read More]

It’s likely to be a more moderate and steady year overall, but what a start to 2025 for wholesale auction sales volume. Last month marked the strongest January for auction sales in five years, according to the latest AuctionNet data and analysis from the National Auto Auction Association, and growth was especially noticeable for late-model […] [Read More]