In a different take on the pre-owned car market, TrueCar is expecting used-car sales will soften this month, and is actually seeing listing prices decline. These would seem to suggest an adjustment in demand. Specifically, the company predicts there will be [Read More]

Auto Remarketing Canada  is recognizing the 2022 Women & Automotive: Profiles honorees in the current issue of the magazine and at Canada's Used Car Week next month at the Westin Harbour Castle in Toronto. In the weeks leading up to the June 27-29 event, ARC will be posting Q&As with each of the Women & Automotive honorees on this website. Next up is Davina […] [Read More]

This week, Edmunds reported that the average interest rate for used vehicles financed in April came in at 9.16%, which was the same reading analysts spotted during the previous month. Edmunds broke down the data further to pinpoint the top 10 states with the … [Read More]

The process pf searching for and interviewing candidates took three months, but the Florida Independent Automobile Dealers Association (FIADA) board of directors is giving full support to its new executive director who previously served the organization. FIADA announced the appointment of Ejola Cook as its new executive director on Wednesday. Cook is an attorney and […] [Read More]

ComplyNet president and general counsel Adam Crowell returned for another appearance on the Auto Remarketing Podcast; this time with the topic being the Safeguards Rule enhanced by the Federal Trade Commission. Dealerships have until December to get its compliance in order to meet the long list of rule requirements ordered by the FTC. Crowell highlights […] [Read More]

Look for another 1.6% increase in wholesale vehicle values this month, which would make it the third-strongest May of the last two decades, J.D. Power Valuation services said in an analysis Wednesday. This surge in wholesale prices is part of a rapidly climbing overall used-car market this month, which J.D. Power’s Jonathan Banks says underscores […] [Read More]

We begin this auction news roundup in the ServNet group, where member auction DAA Northwest announced the headliner for its Rock & Roll Sale: Sammy Hagar and the Circle. Hagar is perhaps best known as a former frontman of Van Halen, along with his longtime solo career. There will be an auction, party and concert […] [Read More]

Intellaegis, which does business as masterQueue, announced on Wednesday that it has signed a consulting agreement with former Santander Consumer USA senior vice president and director of business control and risk management Kelli Edmonds. One of the 2020 Women in Auto Finance honorees, Edmonds joins a strategic team that Intellaegis has built over the years […] [Read More]

Constant, a provider of digital loan servicing solutions, announced a partnership with Celerit, a veteran provider of technology services to the financial services industry. Celerit, which has a 30-year history of supporting bank loan servicing shops and their core software platforms, will leverage Constant’s borrower self-service platform to help banking clients provide digital, personalized experiences […] [Read More]

Lendbuzz appears to be putting nearly $700 million in growth resources to good use. The firm that is striving to modernize what it contends is an “outdated” auto-finance industry, using artificial intelligence with a focus on serving consumers who have thin or no credit history in the United States, has been named to the Forbes […] [Read More]