On both a wholesale and retail level, used-vehicle sales have slowed down, and that includes sales of certified pre-owned vehicles, reports from industry observers indicate. However, it appears the used-car market could still reach the all-time record for CPO sales set in 2019, according to a Cox Automotive analysis of data from Motor Intelligence. Through […] [Read More]

Joe Kichler, vice president of Manheim Logistics, joins the Auto Remarketing Podcast in an on-site episode from Used Car Week earlier this month. Kichler and Auto Remarketing senior editor Joe Overby talk about Manheim's partnership with DHL, the transportation space and much more. Stay tuned for more on-site episodes from Used Car Week in coming […] [Read More]

In a conversation recorded in person during Used Car Week, KAR Global chief economist Tom Kontos returned for another episode of the Auto Remarketing Podcast. Kontos shared how often he and his KAR Global team had to be sure they were looking at wholesale trends correctly since so many unique patterns surfaced this year. And […] [Read More]

Retailers of consumer goods have been advertising discounts connected with Black Friday for several weeks now. However, store managers looking to score a deal on used inventory like they might for a television or cookware might not be as successful. Black Book conceded in its latest installment of Market Insights released on Tuesday that “values […] [Read More]

Kroll Bond Rating Agency (KBRA) and S&P Global Ratings each shared their latest observations of contract performance based on metrics collected through the auto ABS market. Analysts at both firms spotted similar patterns. Beginning with S&P Global Ratings, the firm said through a news release that U.S. prime auto ABS saw “strong” results in September, […] [Read More]

While still not recovered to the activity level seen before the pandemic, bankruptcy filings are trending higher. Epiq recently released its October bankruptcy filing statistics from its AACER bankruptcy information services business. The firm said October new filings for all chapters increased 1.8% to 31,471, up from 30,920 in September. Epiq indicated total individual Chapter […] [Read More]

Canada Drives has lined up a deal to be the official Used Car Retailer & Auto Finance partner of the Canadian Football League, according to a release from the CFL. The partnership is a multi-year deal and will include various Canada Drives media assets throughout the CFL playoffs and Grey Cup championship, the CFL said. […] [Read More]

Online auto retail platform Clutch has raised $100 million (CAD) in Series B equity financing led by D1 Capital Partners. Also participating in the round announced last week were Flight Deck Capital, Canaan Partners, Upper90, Real Ventures, GFC, Brand Project and FJ Labs. Clutch plans to use the funding to “strengthen operations” in its existing markets […] [Read More]

As the global microchip shortage continues to significantly impact the automotive industry, the resulting supply chain disruptions have created an ongoing crisis of inventory scarcity. The numbers are staggering: right now there are 1.4 million fewer new vehicles than in 2020, and more than 2.5 million fewer than in 2019. For dealers to succeed in […] [Read More]

Carketa continued to stay on a positive trajectory last week, landing more financial resources to grow the dealership solutions software company. The Utah-based developer of SaaS applications for the automotive industry announced it closed a $6 million series seed financing led by Origin Ventures and Crosslink Capital with additional funding from Hack VC, Lancaster and […] [Read More]