Many consumers already have seen a financial boost arrive in their bank accounts courtesy of the Economic Impact Payment (EIP) funds distributed through the American Rescue Plan signed by President Biden last week. Meanwhile, the Consumer Financial Protection Bureau (CFPB) is looking for the latest round of federal stimulus payments to make it to consumers […] [Read More]

Five critical performance metrics Axis Auto Finance recorded during the second quarter of its 2021 fiscal year moved in positive directions. The finance company that specializes in the subprime space announced record results for the quarter that ended on Dec. 31. Leading the way, Axis reported that its Q2 adjusted earnings came in at $1.5 […] [Read More]

Women’s History Month marks an important occasion to celebrate the achievements of women as well as their contributions to their respective fields. From Bertha Benz’s pioneering long-distance automobile trip in 1888 to Mary Barra’s appointment as CEO of General Motors in 2014, women have a long track record of significant accomplishments in the automotive realm. […] [Read More]

RumbleOn Inc., an ecommerce company using technology to aggregate and distribute pre-owned vehicles to and from consumers and dealers, has entered into a definitive merger/equity purchase agreement with powersports dealer, RideNow. The agreement creates what the companies describe as the only omnichannel customer experience in powersports and the largest publicly traded powersports dealership platform. The […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Adele Lococo, who is a fleet lease manager at America’s Auto Auction. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Emily Kim, who is senior director of auto valuations at Ally. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, […] [Read More]

iSeeCars executive analyst Karl Brauer describes the Mercedes-Benz G-Class as “the embodiment of luxury.” As a used vehicle, the Mercedes-Benz G-Class also sells quickly, even with the high average pre-owned price of $140,921. In fact, the  G-Class was the fastest-selling used vehicle in February, according to a new study from iSeeCars. Regarding buyers of vehicles […] [Read More]

Independent used-car dealership group Off Lease Only has opened a new location in Bradenton, Fla., saying it would serve the Bradenton, Sarasota, and broader Tampa Bay areas and the entire West Coast of Florida. The location, at 3230 14th Street West, offers hundreds of 2017-2021 economy to luxury used cars, trucks, SUVs and vans. New […] [Read More]

Wrongful repossessions already burdened the industry, and it’s an issue that intensified since the pandemic began. With insurance companies already wary of absorbing too much liability, the repossession industry is again getting squeezed to secure coverage. Mike Peplinski, vice president of the Harding Brooks Insurance Agency, appeared on the Auto Remarketing Podcast for a frank […] [Read More]

MotoRefi announced a series of moves on Wednesday, including a new expanded headquarters as well as the addition of three senior executives to its management team. The auto fintech startup that was an Emerging 8 honoree last year and secured $10 million funding to begin 2021 has signed a lease for a modern 22,000-square-foot space […] [Read More]