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Newsby StaffApril 24, 2020

IARA 2020 Summer Roundtable Slated for August

The International Automotive Remarketers Alliance (IARA) is scheduled to host its 19th Annual Summer Roundtable at the Marriott Riverwalk in San Antonio, Texas on August 18 – 20, 2020.

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Newsby StaffApril 13, 2020

IARA Schedules Online Proctoring for CAR Certificaiton

The International Automotive Remarketing Alliance (IARA) has set dates for online proctoring of the Certified Automotive Remarketer (CAR) program for its members amid the COVID-19 pandemic.

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Newsby StaffApril 11, 2020

Manheim Continues Industry Support During Pandemic

Manheim is providing discounts and waiving fees for its online services to support customers and clients whose businesses are impacted by closures as a result of the COVID-19 pandemic.

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Newsby StaffApril 10, 2020

Wholesale Values Drop Under COVID-19

Overall car segment values decreased 0.65% last week. Meanwhile, overall truck segment values decreased 0.73%% last week

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Newsby StaffApril 9, 2020

Federal Financial Aid is Available for Auctions

Auto auctions are eligible for assistance from the federal government under the Coronavirus Aid, Relief, and Economic Security (CARES) Act which opened on Friday, April 3.

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ArticlesApril 6, 2020

New Methods and Channels of Remarketing Needed Now More Than Ever

Now in the midst of the coronavirus crisis, pressure on residual values is predicted to increase lender’s credit losses as vehicle sales slow and unemployment rises. Now is the time for some creative online solutions.

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Newsby StaffMarch 25, 2020

AFC Begins to Offer Payment Relief to Customers

Automotive Finance Corporation (AFC) has launched a customer relief program that will allow eligible customers to defer curtailment payments due through May 31, 2020 on eligible unsold units.

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Newsby StaffMarch 23, 2020

NAAA Providing $1.4M in Relief to Members

The NAAA executive committee has voted unanimously to defer association dues until 2021.

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Newsby StaffMarch 20, 2020

ADESA Halts Physical Auction Sales

KAR Global is halting physical sale operations across North America at all ADESA locations, and includes Simulcast-only sales for at least the next two weeks.

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Newsby StaffMarch 18, 2020

Foreign, Domestic Automakers Suspend Production at North American Factories

The shutdowns come to fight the spread of COVID-19/coronavirus after workers at multiple plants tested positive.

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