In the face of disruption, be empathetic, patient, and open-minded – it will be better one day! I wanted to take a few moments and look back at the last two economic shocks I've experienced in my automotive career. It’s these experiences that can make us stronger and more resilient if we seek to embrace […] [Read More]

The wholesale vehicle market has reached a positive milestone in June, and this particular one had not occurred in more than three months. According to the Used Market Update released by J.D. Power on Thursday, there were approximately 110,000 units sold at auction the week ending June 21, meaning each of the first three weeks […] [Read More]

The Consumer Financial Protection Bureau still exists even after a noteworthy Supreme Court decision arrived on Monday involving its director. However, the handwringing about how the agency operates and can wield its regulatory influence over auto finance and other segments of financial services appears likely to continue for some time. Via a 5-4 decision, the […] [Read More]

In this episode of the Auto Remarketing Podcast, Zubie chief executive officer Gary Tucker talks with senior editor Joe Overby about the pandemic's impact to fleet and rental markets, as well as trends in connectivity, shared mobility and much more. Plus, Tucker explains the upgrades in the Zubie user experience, new partnerships for the company and connectivity's […] [Read More]

Continuing a string of recent announcements involving technology providers and franchised dealership websites, DealerSocket on Monday highlighted its enhanced relationship with Honda. DealerSocket said its DealerFire website platform earned acceptance into the Honda Dealer Website Solutions Certified Program. This certification means DealerSocket’s DealerFire website platform is immediately available to Honda’s approximately 1,000 U.S. dealers. The […] [Read More]

COVID-19 forced Manheim Pennsylvania to postpone its 75th anniversary activities, so Manheim’s flagship auction location found another reason to celebrate. In a news release distributed late last week, Manheim highlighted record vehicle demand from dealers in June resulted in the Keystone State location selling more than 8,200 of the approximately 10,000 vehicles offered for sale […] [Read More]

Vehicle ecommerce platform Shift plans on going public in the third quarter through a merger agreement announced Monday with special purpose acquisition company Insurance Acquisition Corp. The latter is publicly traded on NASDAQ. The merger is projected to close in Q3 and once it does, IAS plans to change its name to Shift Technologies, Inc. […] [Read More]

A former executive vice president of Toyota recently was invited to join the board of Cyber Security Cloud (CSC), which provides web application security services worldwide using leading cyber threat intelligence and artificial intelligence. CSC highlighted that it brought Yoshio Ishizaka to join its board of directors in order to further improve services and contribute […] [Read More]

Even though the coronavirus pandemic appears to pack an economic wallop, new research is showing that the subprime auto-finance market can absorb a punch or two. According to the second annual market study released today by Davis & Gilbert’s Credit Chronometer, market participants are expecting subprime auto financing performance to deteriorate, and many predict COVID-19 […] [Read More]

Moody’s Investors Service still is holding a negative outlook for North American captive finance companies because of the coronavirus pandemic. But in a report shared with SubPrime Auto Finance News on Friday, analysts shared four reasons why they could adjust their long-term assessment, potentially compiling a more positive view. Moody’s reiterated the pandemic is driving […] [Read More]