July was an interesting month for wholesale vehicle prices in Canada. On one hand, Canadian Black Book’s Used Vehicle Retention Index was up 20.3% year-over-year, and was off a mere 0.3% from June, which was the 10th straight month of all-time highs in the index. But perhaps more notable is the fact that the month-over-month […] [Read More]

In an increasingly digital remarketing world, what effect does a vehicle passing through an auction lane actually have? ADESA is aiming to find out. Auto Remarketing has confirmed that ADESA has begun conducting a small pilot return of running vehicles through auction lanes, largely to gauge the numbers-impact of running a car through a lane. […] [Read More]

As it turns out, EchoPark isn’t the only piece of Sonic Automotive with expansion plans. In addition to the growth in its line of standalone used-car stores, Sonic plans to increase its presence on the franchise new-car dealer side. For the most part, the geographic footprint of Sonic’s 86 franchised dealerships includes the majority of […] [Read More]

The Consumer Financial Protection Bureau (CFPB) decided debt collection firms are ready to abide by new rules. Last week, the bureau announced that two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned on Nov. 30. The CFPB issued a proposal in April that — if finalized — […] [Read More]

Along with finalizing a commercial agreement with Inmar Intelligence, Modal, which  that provides e-commerce tools to dealers and brands, this week announced its newly appointed chief executive officer. Taking over the role is an executive who already has been with the company since last August, as chief operating officer Sameer Bhalla has been chosen to […] [Read More]

Carvana announced both its entry into Nebraska and a new milestone on Wednesday: surpassing 300 overall markets. The used-car ecommerce platform is now available in Omaha (its 300th market) and Lincoln (No. 301). “It feels like not so long ago that we launched our first market and set out to change the way people buy and […] [Read More]

MotoRefi not only secured more funding, the fintech startup that helps consumers refinance their installment contract also gained an important pathway into the credit union market. On Wednesday, MotoRefi announced a $5 million investment from Curql Fund. With the investment, MotoRefi said it has officially become a credit union service organization (CUSO). According to a […] [Read More]

The past two weeks have been quite eventful for AutoFi. After finalizing a relationship with Santander Consumer USA, the platform for end-to-end digital automotive sales and financing announced it has teamed up with TrueCar to provide customers with an “easy and seamless” process to explore auto financing directly from the TrueCar marketplace. According to a […] [Read More]

On Wednesday, Cherokee Media Group proudly announced this year’s honorees for Women in Auto Finance, an awards program presented by American Recovery Service (ARS). The highest total of nominations for the 3-year-old honors initiative arrived this year as women who thrive in specialties such as technology, law, accounting, sales and human resources all are in […] [Read More]

StoneEagle F&I chief executive officer Cindy Allen made her first appearance on the Auto Remarketing Podcast to recap the journey dealerships have made through the pandemic to generate notable profits via their finance offices. Allen also touched on how dealers can sustain that momentum for the remainder of the year and into 2022. To listen […] [Read More]