As the firm does each quarter, AutoIMS shared its AutoIMS Industry View for the first quarter of 2022 on Thursday. The company has described the report as a “compendium of metrics featured in the AutoIMS Sales Scorecard that reflects the AutoIMS database (with a few needed exclusions) — a vast majority of the commercial sales volume at wholesale […] [Read More]

Auto Remarketing Canada  is recognizing the 2022 Women & Automotive: Profiles honorees in the current issue of the magazine and at Canada's Used Car Week next month at the Westin Harbour Castle in Toronto. In the weeks leading up to the June 27-29 event, ARC will be posting Q&As with each of the Women & Automotive honorees on this website. Next up is Christine […] [Read More]

It’s been a gradual climb, but the auto default rate for May ticked up to the highest point analysts have seen since the end of 2020. S&P Dow Jones Indices and Experian released data through April for the S&P/Experian Consumer Credit Default Indices this week, and the auto default rate rose 2 basis points to […] [Read More]

ACV recently reported and examined its first-quarter performance, while also sharing how its strategy is playing out in the current auction environment. That strategy? Delivering solid revenue growth and market share gains, both of which occurred in the first quarter of 2022. During the call, chief executive officer George Chamoun said … [Read More]

On Wednesday, IAA announced the launch of IAA Transport on its mobile application. The company recapped in a news release that IAA Transport’s desktop solution was introduced on its website in September in an effort to streamline the vehicle transport process fully with a global branch-to-doorstep delivery solution. The company highlighted IAA Transport includes several […] [Read More]

Editor's note: This feature is part of the "Dealer Training" special section in the June issue of Auto Remarketing and available for Cherokee Media Group Premium subscribers prior to the issue's publications.  Similar to his early career outside the car business, Brian Pasch wears many hats in his work with auto dealers and the industry […] [Read More]

Perhaps the sentiments held by the contract holders in your finance company’s portfolio aren’t quite as sullen as some of the recent consumer studies that have surfaced in the past month. With debt-free aspirations sagging and a majority of individuals and families living paycheck to paycheck, Self Financial offered details on Wednesday from a new […] [Read More]

Lendisoft and Carleton finalized an integration on Tuesday. The California-based loan servicing software provider announced that it has integrated CarletonCalcs APIs within its Lendisoft servicing platform. According to a news release, Lendisoft is a preconfigured enterprise loan management system (LMS) with a full suite of risk management and compliance features. The included risk management features […] [Read More]

Fintech firms aren’t just trying to connect dealerships and finance companies. Some shops also are looking to bring private individuals together who are seeking to complete a vehicle sale. On Wednesday, PrivateAuto launched what it believes is the first self-service, peer-to-peer payment app for private vehicle sales that can allow users to verify a driver’s […] [Read More]

PAR North America, a business unit of KAR Global, announced the promotion of Jessie Herdrich Irwin to chief operating officer on Wednesday. In her expanded new role, Herdrich Irwin will oversee compliance, operations, remarketing and titles, while ensuring alignment with sales. “Jessie brings exceptional leadership and a deep understanding of PAR’s customers, stemming from her […] [Read More]