On Thursday, the Association of Finance & Insurance Professionals (AFIP) announced the recipient of the $2,000 Jakob Murray Lange Memorial scholarship, which honors AFIP staff member Jakob Murray Lange, who died in a car accident in 2013. Now in its ninth year, the funds and an engraved crystal sculpture commemorating the achievement was given to […] [Read More]

On Thursday, the Association of Finance & Insurance Professionals (AFIP) announced the recipient of the $2,000 Jakob Murray Lange Memorial scholarship, which honors AFIP staff member Jakob Murray Lange, who died in a car accident in 2013. Now in its ninth year, the funds and an engraved crystal sculpture commemorating the achievement was given to […] [Read More]

American Financial Services Association senior vice president Celia Winslow made another visit for the Auto Remarketing Podcast. This time, the former Women in Auto Finance honoree explained what “dormant authority” is now being leveraged by the Consumer Financial Protection Bureau. Winslow also gave an update on other federal regulatory developments potentially connected to auto financing. […] [Read More]

It’s been rough sledding for some dealerships, especially independent operators, to find the inventory they need with the ongoing wholesale price and volume landscape. However, that’s not been the case at all for Mike Wimmer, chief executive officer and Founder of AutoLenders, an independent operation in business since 1979 that retails and leases used vehicles […] [Read More]

This roundup of dealer group news begins with another dealership changing hands. According to a news release sent on Thursday, Vaughan Automotive has purchased Mike Calvert Toyota, one of the fastest-growing Toyota dealerships in Houston. While the pandemic made it challenging for many businesses, Vaughan Automotive said Mike Calvert Toyota retained its entire staff and […] [Read More]

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]