As part of the upcoming NAAA Convention issue of Auto Remarketing, we are once again spotlighting the High Performance Auto Auctions.  Essentially, this is a roundup of "Auto Auction of the Year"-type awards from consignors, auction groups and other industry stakeholders. For example, if you are a consignor, this might be a list of your auction of […] [Read More]

The J.D. Power 2022 Canada Dealer Financing Satisfaction Study analyzed the Canadian auto finance sector and, perhaps not surprisingly, found that supply-chain issues are affecting available inventory at auto dealerships in Canada.  Additionally, J.D Power said in a news release on the study, “it also means fewer new- and used-vehicle transactions during which lenders can […] [Read More]

Perhaps your portfolio is experiencing a bit more turbulence, but overall auto defaults are just 32 basis points higher than the all-time low set a year ago. That metric surfaced on Tuesday when S&P Dow Jones Indices and Experian released data through June for the S&P/Experian Consumer Credit Default Indices. The auto default rate for […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Foundation Automotive marked a couple of firsts with its latest acquisition. The group, which has stores in both the U.S. and Canada, has entered Tennessee and purchased its first Nissan dealership, as the retailer said Friday it has acquired Jones Motor Company and its four dealerships. The deal also brings the Jones group’s used-car platform […] [Read More]

The September edition of Auto Remarketing will celebrate the National Auto Auction Association and the auto auction industry at large. One of the features in this special issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. If you and your auction(s) would like […] [Read More]

Security cameras now can be used for much more than just maintaining a view of your inventory and the showroom’s front door. Sud Bhatija, who is one of the founders of Spot AI, which is striving to make visual data instantly useful and accessible to everyone, appeared on the Auto Remarketing Podcast to detail how […] [Read More]

Consumer Portfolio Services (CPS) and United Auto Credit Corp. (UACC) each made moves to shore up their flexibility to book more paper. Beginning with CPS, the company announced that it renewed its two-year revolving credit agreement with Citibank, N.A., and doubled the capacity from $100 million to $200 million.  The company explained through a news […] [Read More]

Dealerships and finance companies currently might be encountering unique circumstances, but EFG Companies recommends that they approach the current automotive retail and financing landscapes with a strategy that’s likely worked for decades. The provider of consumer protection programs for vehicles said through a news release that it sees several market opportunities in the second half […] [Read More]