Chuck Bonnano is the vice president of dealer development at the National Independent Automobile Dealers Association. Brent Carmichael is the 20 group moderator, consultant and instructor with NCM Associates. As engaging as both Bonnano and Carmichael are, a Zoom meeting just could not be the conduit for successful 20 group gatherings each dealership training and […] [Read More]

Along with highlighting how total outstanding balances are approaching $1.3 trillion, Experian’s Q1 2021 State of the Automotive Finance Market report also delved into some metrics based on geography. Experian pinpointed the average credit score of used-vehicle paper bought in Q1 by state. The top 10 lowest averages where perhaps the most subprime financing took […] [Read More]

Copart welcomed a new addition to its board of directors in a move that was effective Wednesday. Joining the leadership group for the online salvage auction company is Cherylyn Harley LeBon, who currently serves as a partner with the law firm of Dunlap, Bennett & Ludwig based in Washington, D.C.  She is a member of […] [Read More]

Even as vehicle supply remains short and prices hit record highs, demand continues to surge in the used-car market. TrueCar was forecasting that May’s retail used-vehicle would end up beating year-ago figures by 13% and besting April’s by 4%. The firm is projecting that once final numbers are tallied …  [Read More]

Probably no one would have begrudged Sara Edgington if she exclaimed an extra loud “Yee-haw” during the 2021 Texas Auctioneers Association Senior Bid Calling Championship. The general manager for Texas Lone Star Auto Auction became the first woman to win the competition, which culminated on Saturday at the Kalahari Resort & Conference Center in Round […] [Read More]

It’s been a busy month for the team at Performance Brokerage Services, as the automotive dealership brokerage firm announced its involvement in two more closings this week. After being involved in the transaction of a Toyota store in Washington, the firm also helped to facilitate the moves involving a Minnesota Subaru rooftop and a Chrysler […] [Read More]

Originations aren’t the only part of auto financing accelerating nowadays. Stephen Bisbee, founder of eOriginal, which is now part of Wolters Kluwer, appeared on the Auto Remarketing Podcast to explain why securitizations are accelerating again as an attractive option for the investment world. To hear the conversation, click on the link available below, or visit the Auto […] [Read More]

Vroom has launched a “Last Mile” hub in the Dallas area that gives customers in a 70-mile radius “a more customized driveway experience.” The online retailer has offered vehicle delivery in the Dallas market since 2012, but is now offering more of a concierge-style service there through the hub, which is located in Euless, Texas. […] [Read More]

The used-car market is usually a steady one, which makes this year’s price surge all the more “unparalleled,” as iSeeCars.com details in an analysis released this week. For instance, used-vehicle prices climbed just 0.1% year-over-year in April 2020, according to iSeeCars. In April 2019, they dipped just 0.2%. However, in April of this year, there […] [Read More]

AAA Travel expects a significant rebound in the number of Americans planning to travel this Memorial Day holiday weekend. And if they haven’t already visited your service drive for maintenance, customers might be coming soon since AAA said more than 37 million people are expected to travel 50 miles or more from home, an increase […] [Read More]