S&P Global Ratings discovered contract extensions in both the prime and subprime credit segments are trending lower, according to its latest report released on Friday. Analysts found that extensions in U.S. public auto loan asset-backed securities (ABS) declined for the fourth consecutive month in August. They made that assertion based on portfolio data filed with […] [Read More]

It was a “punch in the gut,” says Sam Chaple. Manheim Nashville, an auto auction where Chaple has worked for 20 years and whose current location he helped launch, took a direct hit from an F3 tornado during the devastating and deadly storms that hit Tennessee in early March, he said. “To bring this one […] [Read More]

Under the category of Best Used Car Deals, Autotrader and Kelley Blue Book say the Acura MDX is “a practical choice in three-row, midsize luxury SUVs.” “It’s comfortable, spacious, and legitimately luxurious,” the companies said. That is just one portion of Autotrader and Kelley Blue Book’s latest effort to bring consumers “the most recent information […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our second annual Women in Retail awards, a program sponsored by CarGurus. We spotlight these honorees in the Oct. 15 issue of Auto Remarketing, which includes Q&As with each recipient of the award. Next up is Sejal Pietrzak, chief executive officer […] [Read More]

Online vehicle auction company Copart this week launched its proprietary product suite with enhanced digital offerings that the company says make selling vehicles through Copart more cost-effective, convenient and efficient, especially for finance and insurance companies that must deal with total-loss units. The product suite is called Copart Max, and one of its offerings is Preliminary ProQuote. […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our second annual Women in Retail awards, a program sponsored by CarGurus. We spotlight these honorees in the Oct. 15 issue of Auto Remarketing, which includes Q&As with each recipient of the award. Next up is Erin Kerrigan, founder & […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our second annual Women in Retail awards, a program sponsored by CarGurus. We spotlight these honorees in the Oct. 15 issue of Auto Remarketing, which includes Q&As with each recipient of the award. Next up is Amanda Schrider-Rhodes, general manager at […] [Read More]

Karl Brauer says hybrid vehicles attract “practical and eco-minded drivers.” Those drivers are willing to spend extra money upfront for vehicles that are better for the environment, said Brauer, who is executive analyst for car search engine company, iSeeCars.com. “Hybrid versions of Toyota’s popular gasoline cars have begun outselling the Prius, suggesting consumers now prefer […] [Read More]

Orbee Auto's long-standing relationship with the National Association of Minority Auto Dealers resulted in another potential benefit for store principals and their staff. On Friday, the marketing cloud company designed exclusively for dealerships announced a partnership with the association to provide digital marketing courses virtually and free of charge to its members. Leading these courses […] [Read More]

An executive who has been with AUL Corp. for nearly 20 years has been honored with a Latino Business Leadership Award by the North Bay Business Journal as part of the publication’s fifth annual competition. AUL financial reporting and analysis leader Elizabeth Gutierrez received the accolade as part of a program created to honor the […] [Read More]