LotLinx is offering dealerships more resources to overcome what might be the most pressing challenge they’re currently facing — inventory stocking and pricing fluctuations. This week, the inventory marketing technology company released its latest whitepaper, which leverages LotLinx’s proprietary data network that has been tracking the industry’s stocking and pricing fluctuations to determine the most effective way […] [Read More]

Wholesale vehicle prices have increased for 15 consecutive weeks in Canada, according to the Canadian Auto Market Update released Tuesday by Canadian Black Book. Last week, used prices were up 0.35% overall, with trucks/SUVs up 0.36% and cars were up 0.34%, CBB said. The gain in car segments was particularly steeper, as the prior week […] [Read More]

Canada Drives added to its board of directors this week, appointing Sukhinder Singh Cassidy as lead independent director. Singh Cassidy is the former president of StubHub and has held senior leadership posts at Google, theBoardlist, Yodlee, Polyvore, Joyus and Amazon. She has been a multi-time board member and been an angel investor in such companies […] [Read More]

The pandemic didn’t slow Subprime Analytics president Ken Shilson from compiling his annual benchmarks of the buy-here, pay-here industry. In fact, in this episode of the Auto Remarketing Podcast, Shilson shared how the pandemic actually presented an opportunity to make the benchmarks even more valuable. To hear the conversation, click on the link available below, or […] [Read More]

Experts from Cox Automotive and the National Association of Federally-Insured Credit Unions (NAFCU) each digested actions and comments by the Federal Reserve on Wednesday after the Federal Open Market Committee (FOMC) voted unanimously to keep interest rates unchanged. Both experts honed in on how policymakers offered a glimpse about when their strategy could change to […] [Read More]

Used vehicles moved off dealer lots in May four days quicker than they did in January and with price tags that were more than $3,000 higher. That’s according to the latest monthly analysis from iSeeCars.com, which, among other metrics, measures how fast used cars sell, average prices, the specific models that move the quickest and the fastest-selling […] [Read More]

After falling more than 6% last year, look for the used-vehicle market to climb to 41 million sales this year.    That’s according to a forecast shared by Edmunds, which also detailed how pre-owned sales have fared over the last six years.    In 2019, used-car sales approached [Read More]

Turns out the vehicles on dealership lots nowadays aren’t the only things at stores soaring in value. Fueled in part by record-level dealership profits, Haig Partners said demand for stores is soaring as the average blue-sky value per rooftop has reached the highest values the boutique investment banking and buy-sell advisory firm has recorded. Haig […] [Read More]

IAA is expanding its global market reach to bring new life — and potentially value — to American vehicles. On Wednesday, IAA announced a strategic market alliance in Nigeria with Boacon Autos. As the company’s official partner in Nigeria, the company indicated Boacon Autos will operate the local IAA Auction Center in the city of […] [Read More]

EDITOR'S NOTE: This is a preview excerpt, available only to CMG Premium members, from the July issue of Auto Remarketing, which will provide a “Mid-Year Report” on various segments of the industry. In addition to the piece below on used-car prices, the magazine will also provide updates on the retail sales, finance, repossession/collections and buy-here, pay-here segments […] [Read More]