In the current COVID-19 crisis environment, Cars.com is seeing more people considering buying a vehicle, as many view their car purchase as a much-needed escape and safe mode of transportation, said Cars.com editor-in-chief Jenni Newman. “The good news is, consumers no longer have to leave their home to purchase a vehicle, as we’ve seen thousands […] [Read More]

Black Book’s newest COVID-19 Market Update released on Tuesday described how auctions, consignors and dealers all are continuing to acquaint themselves with the “normal” within the wholesale market. Analysts are seeing more indications of a late spring market regenerating a bit as buyers adapt to relying on online technology to make inventory decisions. Black Book […] [Read More]

Dealers are caught juggling how to structure their inventory as shopper activity and purchase intension climbs to levels registered before the coronavirus pandemic arrived, according to information and observations shared by Black Book and TrueCar on Tuesday. And the trends are particularly important considering that the crucial Memorial Day sales weekend is straight ahead. TrueCar […] [Read More]

In this episode of the Auto Remarketing Podcast, Ben Bartosch of J.D. Power Valuation Services returns to the show to talk certified pre-owned vehicles. He weighs in on how long automaker incentives for CPO might last, why dealers should maintain their focus on acquiring CPO-worthy inventory and more. Plus, Bartosch expands on the analysis shared in […] [Read More]

Location Services made two significant additions to its senior leadership team on Tuesday. The provider of loss mitigation solutions for the financial services industry brought on Jose Delgado as chief client officer and Mohit Mahajan as chief information officer. Delaware Street Capital partner David Heller of Location Services’ parent company credited chief executive officer Jerry […] [Read More]

Racing enthusiasts watching the upcoming Memorial Day weekend race in Charlotte will see seven-time NASCAR Cup Series Champion Jimmie Johnson driving a Chevrolet Camaro ZL1 1LE with a subtle olive drab color. The vehicle will feature white military stenciled numbers and exposed rivets inspired by WWII military vehicles. Johnson and his sponsor Ally Racing on […] [Read More]

How have dealers adjusted to the effects of COVID-19? What are the challenges they are facing and the new ways they are doing business? An upcoming International Automotive Remarketers Alliance webinar will answer those and other questions to assist dealers on the road to recovery. The webinar is titled, “Opportunities Discovered,” and mega dealer groups […] [Read More]

Kroll Bond Rating Agency (KBRA) used the research for its latest auto-finance securitization indices to gauge the volume of both prime and non-prime retail installment contract holders maintaining their payments, at least for the March recording period. At least for that juncture, KBRA determined April’s remittance reports showed that securitized auto financing continued to display […] [Read More]

States are slowly lifting stay-at-home restrictions, and independent dealerships are among the businesses now benefitting. Employees are coming back to work and vehicles are beginning to roll over the curb more frequently as independent operators ramp up to get back to business, according to a new survey by the National Independent Automobile Dealers Association. The […] [Read More]

An upcoming CARFAX Insiders Webinar will help dealers learn how they can use history-based value to help them make more informed buying decisions and build customer confidence to boost sales. Darrell Sherwood and Robert Grill will speak at the webinar on the CARFAX History-Based Value pricing tool, and Sherwood and Grill are part of the […] [Read More]