The Indianapolis Business Journal named Byrider’s Steve Mark as one of the publication’s Chief Financial Officer of the Year honorees this week, recognizing individuals who have demonstrated outstanding performance as financial leaders of their organizations. During his time at Byrider as CFO, the buy-here, pay-here franchise network highlighted that Mark made preparedness and transparency top […] [Read More]

Buy-here, pay-here dealership expert and senior consultant for AMS Consulting Gene Daughtry returns for another podcast episode to share some of the most valuable lessons he and independent operators learned during the pandemic. Daughtry also has a handful of suggestions to help owners start 2021 positively. To listen to the entire conversation, click on the link […] [Read More]

Finance companies likely remember what happened during the Great Recession 12 years ago when the credit market seized up as bad a car engine without oil. The Federal Reserve reiterated the significant steps it’s taking to ensure finance companies have the raw material to keep their portfolios growing. But the pace providers might be buying […] [Read More]

If you’ve heard the term “SPAC” a lot in the used-car market this year, you’re not alone.   The term refers to a “special purpose acquisition company,” and at least two well-known used-car players have merged or announced plans to merge with publicly traded SPACs as a means of going public this year. They're taking […] [Read More]

There's a new player in the vehicle-history space.  VINData Products, led by veterans of this space, has launched a vehicle history service designed for a wide scope of the used-car business: commercial users, dealers, auctions and consumers, alike.  Edie Hirtenstein and Adam Siner joined the Auto Remarketing Podcast earlier this week to share the story […] [Read More]

Canadian automotive marketplace autoTRADER.ca says the global pandemic has not caused a slowdown in searches for luxury vehicles in Canada. According to 2020 data from autoTRADER.ca, the company's annual top searched vehicles list noted what it described as “favourites from 2019, including the beloved Ford F-150, Honda Civic and Toyota RAV4 remained in the top […] [Read More]

Search engine iSeeCars.com says that buyers have much to consider when buying a used car, such as reliability, safety, and value retention. With those and other factors in mind, buyers looking for a used compact pickup truck should give serious consideration to the Toyota Tacoma, iSeeCars said. “Toyota has a reputation for building indestructible trucks, which […] [Read More]

If consignors were football teams, how they’re approaching the current wholesale market might be similar to how the gridiron participants can move the ball down the field. Some football teams methodically run the ball, gaining yards in small chunks. Other squads throw the ball deep downfield to get significant yardage quickly. Consignors appear to be […] [Read More]

Global online auto auction company, Copart, has expanded its Macon, Ga., location, with Copart president Jeff Liaw calling the move a step ahead for the company in central Georgia. With the expansion, the facility now features 65 acres along with additional vehicle storage and operations capacity. To place bids on vehicles through Copart’s online auction […] [Read More]

The landscape of new (and often digital) entrants to the used-car retail space has reached an interesting point. Companies that were startups just a few years ago are now publicly traded and making acquisitions to boost their arsenal. Case in point: Vroom, which has done both the last six months. The online auto retailer, which […] [Read More]