Carmigo recently appointed a new chief operating officer whose previous experience includes work with firms such as Orbee, Cox Automotive and Bain & Co. The online vehicle marketplace for individuals to sell their cars welcomed Daniel Kim as COO. According to a news release, Kim brings more than 10 years of technology experience in the automotive […] [Read More]

Never before has certified pre-owned had this great a share of used sales at Mercedes-Benz Canada. The company said in a sales release it had overall pre-owned sales of 16,795 vehicles last year, which was up 9.8% year-over-year. And a record 89.9% of those used sales were CPO, Mercedes-Benz said. That certified penetration rate was […] [Read More]

Well, perhaps auto financing is starting to look more like it did before the pandemic wreaked havoc on so much of our daily lives. Cox Automotive said that access to auto credit expanded slightly in December, based on the Dealertrack Auto Credit Availability Index for all types of financing. [Read More]

Steve Burke’s role as chief executive officer of Agora Data gives him a tremendous vantage point to access the current financial status of independent and buy-here, pay-here dealerships as well as activities within the automotive securitization market. And during the opening week of the year, Burke returned for this episode of the Auto Remarketing Podcast […] [Read More]

General Motors is looking for another way to incentivize potential buyers of its certified pre-owned vehicles. On Monday, the automaker launched the all-new My GM Rewards loyalty program for Chevrolet, Buick, GMC and Cadillac customers, with part of the rewards being the potential assistance toward delivery of a certified vehicle. The loyalty program features three […] [Read More]

Editor's note: This is Part II of a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "2022 Used Car Kickoff" issue. This two-part piece focuses on the National Automobile Dealers Assocation, National Auto Auction Association, American International Automobile Dealers Association and International Automotive Remarketers Alliance. Part I can be found here. The issue will […] [Read More]

Editor's note: This is Part I of a special preview, available only to CMG Premium subscribers, of Auto Remarketing's "2022 Used Car Kickoff" issue. This two-part piece focuses on the National Automobile Dealers Assocation, National Auto Auction Association, American International Automobile Dealers Association and International Automotive Remarketers Alliance. The issue will also feature the National Automotive Finance Associaton. Receivables Management […] [Read More]

Free2move is continuing to broaden the footprint of its car sharing services. Last month, the company ventured into the Lone Star State. On Monday, Free2move announced availability in five of California’s largest cities, including San Francisco, San Diego, San Jose, Sacramento and Los Angeles. Along with those five markets in the Golden State, as well […] [Read More]

On Friday, Digital Align, which looks to use technology to transform business processes at credit unions, appointed Kevin Murphy as its first vice president of sales and business development. According to a news release, Murphy has worked for more than 20 years in the financial services industry, spending the last few at XCEL Federal Credit […] [Read More]

Evidently, it’s not easy to be a chief financial officer these days. CFOs are wrestling with new challenges and growing responsibilities in shorter time frames as tenure decreases, according to findings from a new survey conducted by the office of the CFO solutions practice at FTI Consulting, in collaboration with Industry Dive. In a survey […] [Read More]