Used Car Week’s Auto Fin Con concludes Friday with another round of live sessions. The virtual expo hall opens at 11 a.m. (ET), and the day gets rolling in earnest at noon with opening comments from Cherokee Media Group president Bill Zadeits, DRN executive vice president/general manager Jeremiah Wheeler and NAF Association president Joel Kennedy. The first […] [Read More]

When it comes to holding the highest percentage of their manufacturer’s suggested retail price after a three-year period, Subaru ranked as the top mainstream brand, and Lexus was the top premium brand, according to ALG's 2021 Residual Value Awards. Future vehicle value forecaster ALG, which is the analytics subsidiary of TrueCar Inc., announced the 2021 […] [Read More]

Electronic lien and title technology firm DDI Technology has expanded its national footprint into the state of Minnesota as a certified provider of Electronic Vehicle Title & Registration services, or EVTR. With that expansion, Minnesota becomes the fifth state to offer DDI Technology’s Premier EVR services. DDI is a subsidiary of IAA Inc., and DDI’s […] [Read More]

Franchised car dealers, particularly some of the large, publicly traded groups, are putting a big emphasis on used cars, upping their pre-owned operations in 2020. While there are certainly sales challenges, as in most of automotive in a pandemic-sagged 2020, several retailers have plans to expand programs like standalone used-car stores, and some are seeing […] [Read More]

When taken together as I did this morning, a quartet of assertions made by TransUnion, Federal Reserve chairman Jerome Powell, the U.S. Department of Labor and Edmunds executive director of insights Jessica Caldwell described how topsy-turvy this pandemic has made the landscape for dealerships and finance companies. And perhaps, the scene isn’t too unfamiliar, either. First, […] [Read More]

October was a special month for America’s Car-Mart, and not just for the vehicles the buy-here, pay-here dealership chain retailed. The company spent the month highlighting associates and their family members and friends who have overcome cancer while also raising funds to benefit the American Cancer Society (ACS). Car-Mart’s efforts resulted in a $10,000 contribution […] [Read More]

Wholesale vehicle prices in Canada have now fallen for five straight weeks, but take that trend with a grain of salt. According to Canadian Black Book’s latest weekly COVID-19 Market Update, the declines are lower than seasonally expected and pale in comparison to November 2019, thanks to basic supply and demand (more on that later). […] [Read More]

Deloitte Canada continues to see quite a notable performance originating from Canada Drives. According to a news release distributed this week, the fintech firm and online retailer has been presented with an Enterprise Fast 15 award from Deloitte Canada in recognition of its technological innovation, entrepreneurship and rapid growth. The Enterprise Fast 15 leadership category […] [Read More]

In this episode of the Auto Remarketing Podcast, we connect with Dan and Dave Sperau, two brothers who co-founded Autosled, a company that aims to make vehicle logistics/transportation more efficient and simpler through technology. They talk about their family's background in automotive, what inspired them to launch Autosled and disintermediation in the ancillary services piece […] [Read More]

With the end of the year rapidly approaching, many dealers are preparing for 2021. Navigating the shortage of new vehicles and restocking near-empty dealership lots will likely be among the many priorities. While the simplest solution is to turn to the used-vehicle market, it too, has seen its fair share of struggles. Lease extensions, fewer […] [Read More]