Certified pre-owned vehicle sales in 2021 have come out of the gate surging ahead of the record pace set two year ago. In 2019, which was the strongest year ever for the certified pre-owned vehicle market, there were 910,578 CPO sales in the first four months of the year. The first four months of 2021 […] [Read More]

They’re turning tassels on college campuses nationwide, and Autotrader offered suggestions for 10 vehicles dealerships could be turning with those newly minted degree holders. Following the commemoration of the hard work they put in during the student years, Autotrader said young adults find themselves in need of their own vehicle as they begin the next […] [Read More]

KAR Global chief economist Tom Kontos might have channeled his inner weatherman when he used the term “perfect storm” as part of his description of the current wholesale market. Kontos elaborated about what he meant and more during another conversation for this episode of the Auto Remarketing Podcast. To hear the conversation, click on the link […] [Read More]

Kroll Bond Rating Agency (KBRA) used the descriptor “well grounded” when analysts dissected April remittance reports to discover the credit trends that surfaced during the March collection period. KBRA indicated delinquencies for both non-prime and prime contracts decreased. Analysts said in their newest report that early stage delinquencies — 30 to 59 days past due […] [Read More]

Point Predictive pinpointed a number in connection with one of the important topics being discussed this week during the Auto Intel Summit. According to the company’s Auto Fraud Report, Point Predictive said fraud reaching $7.3 billion of originations last year, with chief fraud strategist Frank McKenna calling 2020 “a pivotal year for fraud risk.” The […] [Read More]

Even during this time of new-model inventory scarcity, recent research by Cox Automotive showed how adamant about purchasing a new vehicle some consumers remain instead of considering the delivery of a certified pre-owned model or other used vehicle. Cox Automotive recently reported that 77% of new-vehicle intenders surveyed at the end of April are staying […] [Read More]

Easterns Automotive operates eight locations in Maryland and Virginia near Baltimore and Washington, D.C., and the group is one of the first dealerships to enjoy success stemming from the used-vehicle leasing tool put in motion by DRIVRZ Financial and Roadster. During the first week since going live with the integration on its website, Easterns Automotive […] [Read More]

This week, RouteOne announced two executive promotions; moves that are effective immediately. The company founded nearly two decades ago to improve the F&I process for dealers and their customers said Jeff Belanger now is RouteOne’s chief revenue officer and Amanda George now is RouteOne’s chief product officer. Belanger is one of the company’s longest-tenured employees, […] [Read More]

Right after announcing a decision involving dividends, Penske Automotive Group promoted one of its executives who likely is quite involved with the execution of those funds going to shareholders among many other decisions for the company’s finances. This week, Penske said Michelle (Shelley) Hulgrave, the company’s senior vice president and corporate controller, has been named […] [Read More]

Car Capital continues to make moves to establish itself as an up-and-coming auto-finance technology company that strives to get any deal bought no matter the consumer credit background. After securing two separate rounds of funding, the company announced the appointment of two company advisors this week who have professional backgrounds with companies such as Bank […] [Read More]