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Get the latest automotive news from experts in the pre-owned industry, with trending news, podcasts, and resources covering retail, wholesale, and more.
News
Off-lease surge, repos, point to auction industry strength
Annual depreciation for used vehicles on average has been historically between about 16 and 18%. Last year that figure was 13%, said Larry Dixon, vice president of Auction Data Solutions/AuctionNet at the National Auto Auction Association. "This year we'r
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CarMax Auctions simplifies auction registration process for dealers
Getting your kid registered for classes at college or registering a vehicle with the DMV is tricky enough. CarMax Auctions wants to make registering for its weekly sales easy. The wholesale auto auction operator revealed a new streamlined registration pro
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Jolt Credit Union partners with Credit Union Leasing of America
Credit Union Leasing of America (CULA) confirmed on Tuesday that it received a positive jolt to its portfolio of clients. CULA is now partnering with Jolt Credit Union, a Saginaw, Mich.-based credit union that manages more than $483 million in assets, to
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TD Auto Finance shines in JD Power Dealer Financing Satisfaction Study for seventh straight year
JD Power said that finalizing financing isn't just about dealers and lenders collaborating on competitive rates. It's also about how easy the lender makes the deal. And apparently TD Auto Finance does pretty well in that department since the division of T
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Time dwindling to submit public comments about House's major CFPB reform proposal
The auto-finance industry and other participants in financial services now have less than 10 days to provide feedback about a draft of legislation to reform the structure and powers of the Consumer Financial Protection Bureau (CFPB). The U.S. House Financ
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