Bryanna Cox takes listeners of the Auto Remarketing Podcast into one of the most difficult, yet vital, parts of the automotive industry. The vice president of Asset Resolutions, a full-service repossession and recovery agency in Kingwood, Texas, described how repossession agents are handling the demands put upon them, as the pandemic has impacted their livelihoods […] [Read More]

Though the numbers are not yet final, the used-car market is likely to have reached 40.9 million sales in 2021, which would be roughly a 10% year-over-year gain, Cox Automotive chief economist Jonathan Smoke said in a conference call Friday. And the growth for used-car sales involving a dealer is expected to be even better. [Read More]

The auto industry often talks about the idea of being "better" in the market, but in truth there still is a lot of work to do to before automotive can catch up with other verticals. Time and again, "better" is a marathon and not a sprint — it’s a continual, ongoing drive to fix what is broken, […] [Read More]

Black Book isn’t ready to declare that softening of wholesale prices is making a significant return just because the opening week of 2022 showed some easing on the value front. That’s the leading theme of Black Book’s latest installment of Market Insights released on Tuesday. [Read More]

General Motors said Tuesday it is launching an omnichannel used-car sales platform called CarBravo, where consumers will be able to shop for pre-owned vehicles from both dealer inventory and a national central stock. Non-GM used vehicles will also be included in the program, which lets consumers shop online, in-store or a combination of both. “CarBravo […] [Read More]

With intentions of aggressively expanding its team and plans to nearly double its employee base in the coming year at its corporate offices in Kansas City, Mo., and Bettendorf, Iowa, ProMax filled a pair of top executive positions on Monday. After previously announcing Mike Dullea as chief executive officer, and coupled with additional investments, ProMax […] [Read More]

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]