Fitch Ratings pinpointed subprime auto financing as one of five areas to watch should consumer indicators deteriorate; especially as federal assistance winds down and accommodations by finance companies expire. Analysts made that assertion in a report shared with SubPrime Auto Finance News on Friday. Along with subprime auto financing, Fitch Ratings also mentioned certain segments […] [Read More]

The last in-person interview before the pandemic conducted by Kyle Birch, who is president of North America operations at GM Financial, was for the Auto Remarketing Podcast at last year’s Vehicle Finance Conference hosted by the American Financial Services Association. Birch recently reconnected with senior editor Nick Zulovich for their annual visit to discuss how […] [Read More]

In June, Upstart Holdings broadened its offering by entering into the auto-financing market. Last week, the platform fueled by artificial intelligence (AI) revealed an upcoming acquisition to strengthen its position in the auto sphere. Upstart announced it has entered into a definitive agreement to acquire Prodigy Software, Inc., a provider of cloud-based automotive retail software. […] [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 Marianne Simshauser, who is general manager of Stream. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, what aspect(s) […] [Read More]

As part of its efforts to reduce its environmental impact and align with the Paris Agreement’s climate change mitigation goals, CarMax announced its commitment to achieve net zero carbon emissions by 2050. CarMax said it will initially use a strategy with two scopes as defined by the Paris Agreement. The first is to reduce its […] [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 Liza Nuernberg, who is director of business development-Midwest at United Road. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, […] [Read More]

In Auto Remarketing’s  upcoming “Best CPO Dealers in the USA” issue, some interesting statistical nuggets emerge when looking at various automakers’ respective certified pre-owned sales leaders. This feature goes beyond the sales rankings to share some of those stats. We start with Infiniti. Among Infiniti’s top 10 dealers for 2020 certified pre-owned sales, four dealerships’ CPO sales […] [Read More]

Longtime Cox Automotive executive Janet Barnard is retiring at the end of June, finishing more than three decades with Cox Enterprises, including several years as president of Manheim and leading the Cox Automotive Inventory Solutions group. Currently the executive vice president and chief people officer at Cox Automotive, Barnard moved from the Cox Communications segment […] [Read More]

Purdy Mobility, which operates Texas dealerships and offers mobility services such as subscription-based programs, has teamed with Toyota on the automaker’s first and only vehicle subscription product. The product, called Subscribe + Drive Powered by Toyota, is an app-based service that introduces an option for customers seeking alternatives from owning or leasing a vehicle. The […] [Read More]

Although last month’s sales slowed from a year ago's pace, the certified pre-owned segment remains a bright spot in automotive, says Cox Automotive, which projects CPO will return to 2019 levels this year. In a Data Point report Monday, the company — citing Motor Intelligence — said there were 209,744 certified sales in February. That’s down […] [Read More]