It’s a good thing the remarketing industry is preparing for more electrics and hybrids to hit the market, because those alternative-powertrain vehicles continue to be among the faster sellers in the retail used-car market. With an average turn time of 16 days-to-sell, the Tesla Model 3 was the fastest-selling used vehicle in September, according to […] [Read More]

Evidently, thieves now have an affinity for trucks. On Tuesday, the National Insurance Crime Bureau (NICB) released its annual Hot Wheels report, identifying the top 10 most stolen vehicles in the United States in 2020. For the second year in a row, NICB said the Ford full-size pick-up was the model most targeted by thieves, […] [Read More]

CarMax and Sheehy Auto Stores are both expanding, but in different ways. While CarMax outlined its aggressive hiring strategy for the remainder of the year, Sheehy added two more rooftops to its portfolio of dealerships located near Washington D.C., Baltimore, Hagerstown, Md., and Richmond, Va. According to a news release from Performance Brokerage Services, the […] [Read More]

The American Bankruptcy Institute (ABI) and Epiq combed through all of the filing data that’s been generated through the first three quarters of the year to try to project what might happen during the remainder of 2021 and beyond. [Read More]

This episode of the Auto Remarketing Podcast delved into a topic so intricate that the conversation included two experts from RVI Group. Wei Fan, senior vice president, passenger vehicles, and Dave McKay, vice president of business development and sales, tackled not only how subprime auto finance companies are faring nowadays, but also how those providers […] [Read More]

Just like customers test-drive numerous cars before finding the best deal for the perfect make, model, features, and color, automotive dealers need to be discerning about their technology partners. The loan origination process is a perfect example. Typically mired by cumbersome, labor-intensive processes, new software has taken the pain and expense out of manual loan […] [Read More]

Another blockbuster acquisition in the used-car space surfaced Tuesday, this time involving both the retail and auto finance segments. Vroom said it has reached a deal to purchase United Auto Credit Corp. for $300 million in cash, subject to adjustment depending on the closing book value of United Auto Credit. The acquisition would further push […] [Read More]

Millennials, the largest and most diverse generation in the U.S., are beginning to buy cars in greater numbers. But it’s not clear how well dealerships will be able to serve their needs with business as usual. For years the automotive industry has speculated that millennials would be the downfall of retail automotive and a bellwether […] [Read More]

I’ve been reporting on the auto industry for 14 years, but even armed with an insider’s knowledge, I still find the car-buying process to be stressful. But the auto industry, in general, recognizes that many consumers feel this way. And dealers, automakers and other entities within retail automotive have made great strides to put folks […] [Read More]

CDK Global chief operating officer Joe Tautges joins the Auto Remarketing Podcast for a conversation about the company's inaugural CDK Connect event, how its recent purchases of Roadster and Salty complement each other, the auto insurtech space and much more. CDK announced late last month that it signed a deal to purchase insurtech company Salty Dot, Inc., […] [Read More]