GM Financial is reinforcing its commitment to help students who attend Historically Black Colleges and Universities (HBCUs). This summer, the captive launched its first Sophomore Leadership Program to provide HBCU students with an in-depth, first-person look at the auto finance industry. Officials highlighted the program is a component of GM Financial’s participation in the Historically […] [Read More]

Less than a month after being confirmed as chair of the Federal Trade Commission, Lina Khan gained approval on a partisan vote for the regulator to proceed via a series of resolutions authorizing investigations into key law enforcement priorities for the next decade. And one of those priorities could have a strong connection to automotive […] [Read More]

Tight used-car supply and a stretch of record wholesale prices are having an impact beyond the auction lanes and other wholesale channels. They’re also leading to lower retail sales. According to analysis around Cox Automotive’s Manheim Used Vehicle Value Index, there was an 11.1% decline in total used-car sales last month. The seasonally adjusted annual […] [Read More]

Wholesale vehicle prices have peaked and it will likely be “several years” before they return to the record levels seen in recent months. That’s according to analysis around Cox Automotive’s Manheim Used Vehicle Value Index, which reached an all-time high of 203 in May, but fell to 200.4 in June. That ended a four-month string of […] [Read More]

Fleet management company Donlen has named a new director of remarketing. Hired for the position is Larry Knapp, whose background includes time with BMW Financial, UB Vehicle Leasing, Hertz and Mercedes-Benz Financial and Black Book. “We have a real opportunity to reshape the lifecycle of the vehicle by creating additional channels for customers to sell […] [Read More]

Thanks to a partnership with insurtech company Salty, shoppers using Asbury Automotive Group’s Clicklane online car-buying can generate a bindable insurance quote and still remain on the platform. Salty’s Software-as-a-Service platform gives insurance carriers and distribution partners a way to provide customized policies on a product or service in real-time while the purchase is happening. […] [Read More]

With inventory so limited nowadays, dealerships likely want to know the exact location of every single unit within its operation. Dealerware is looking to help Ford and Lincoln stores accomplish that task and more. The connected car platform for automotive retailers announced on Wednesday that it has been selected as a preferred vendor to Ford […] [Read More]

While the degree of increase was lower, it was a steadily strong week for the Canadian wholesale vehicle market, according to Canadian Black Book, which found overall prices were up 0.01% for the week ending July 2. That compares to [Read More]

Kroll Bond Rating Agency (KBRA) examined how states are modifying their use of federal unemployment benefit programs connected to the pandemic and identified four finance companies whose automotive securitizations might have the most resulting risk exposure. Analysts recapped in a report distributed this week that a total of 26 states have announced plans to opt […] [Read More]

Veteran buy-here, pay-here dealers already might understand the complexities and potential gains of a well-run reinsurance program. New operators or other dealerships might think that the previous sentence had a typo. In an effort to help the whole industry, we dedicated this Auto Remarketing Podcast episode to be “Reinsurance 101,” asking Shaun Petersen, who is […] [Read More]