May was another strong month for used-car sales, as the industry continues to rebound. In fact, Cox Automotive indicated in a recent Data Point report that the SAAR was 41.0 million last month, up from 39.9 million a year ago and steady with April figures.    But how have overall used-car sales fared so far […] [Read More]

With longtime Cox Automotive executive Janet Barnard retiring at the end of the month, the company announced on Tuesday who its new chief people officer is. Cox Automotive said through a news release that Michele Parks is taking on this position, leading a team responsible for recruiting, developing and managing talent for more than 25 […] [Read More]

A little inside baseball for a moment, if you don’t mind. At Cherokee Media Group, we’ve got two reports coming up that essentially serve as mid-year retrospectives, albeit in two different forms. One is the July issue of Auto Remarketing, which will provide a “Mid-Year Report” on the retail, wholesale, finance, repossession/collections and buy-here, pay-here […] [Read More]

Perhaps when auto-finance executives thought defaults couldn’t get any lower, the industry responded with, “Hold my beer!” According to the newest data compiled by S&P Dow Jones Indices and Experian, auto defaults now are at the lowest reading ever recorded. [Read More]

CarLotz said Monday it expects it will be added to the broad-market Russell 3000 Index and the Russell 200 Index, once the 2021 Russell indexes annual reconstitution finishes. The addition will be effective after the U.S. market opens on June 28. CarLotz said this is based on a June 4 preliminary list of additions. The […] [Read More]

If you feel like you’ve aged a bit after the pandemic, you’re not the only one. The vehicle population is getting older, too. [Read More]

Privacy4Cars is looking to make its solutions as robust as the complexities that come with keeping consumers’ information protected. Last week, the 2021 Emerging 8 honoree and tech company focused on creating privacy and compliance solutions for vehicles announced a suite of new tools. Privacy4Cars highlighted the products further the company’s mission of driving privacy […] [Read More]

Black Book added to its collection of five integrations the company has finalized so far this year. On Monday, Black Book formed a relationship with CarDr.com that will focus on data points to help dealers better identify vehicles with lower risks and higher potential profitability. Black Book reiterated its pricing and value data includes statistical […] [Read More]

Fitch Ratings spotted more ramifications associated with dealerships in connection with the inventory pinch of both new and used vehicles. With rising sales and soft volume at auction and OEM factories, Fitch Ratings said on Monday that accelerated dealer auto inventory turnover has resulted in insufficient collateral available for dealer floorplan (DFP) asset-backed securities (ABS) […] [Read More]

Steve Greenfield, founder and chief executive officer at Automotive Ventures, joins the Auto Remarketing Podcast to discuss the company's recently launched $7 million venture capital fund designed to give a lift to early-stage auto tech companies. Plus, Greenfield talks about the areas of the auto tech with the most growth potentials, U.S. markets emerging as hot […] [Read More]