In this episode of the Auto Remarketing Podcast, Plug founder and CEO Jimmy Douglas sat down with Auto Remarketing senior editor Joe Overby at the Auto Intel Summit this month to talk all things used electric vehicles. They discuss the Plug’s product expansion to help dealers navigate EV trade-ins, its budding partnership with brick-and-mortar auto […] [Read More]

When it comes to leasing, it has been well documented that electric vehicles have bucked the overall industry trend in recent years: EV leases are rising, while overall leasing numbers have dropped. In fact, 31% of new EV transactions in 2023 were leases, according to Experian’s Q4 2024 State of the Automotive Finance Market report, […] [Read More]

In a couple of specific cases, it’s been nearly four years since Black Book has seen wholesale prices for certain vehicles rise in price this much in a single week. And dealers and consignors likely don’t need too many guesses to pinpoint why it happened during the week that closed three days before individuals had […] [Read More]

ADESA is bringing its online tools together. The wholesale auto auction has added its ADESA Simulcast technology to its upgraded digital platform and mobile apps, integrating ADESA’s two flagship digital auction products — Simulcast and ADESA Clear — together in a single interface, along with a variety of value-added tools and features. “ADESA continues to […] [Read More]

Last month was the strongest March for auto auction sales in four years, capping a first quarter that beat year-ago figures by nearly 5%, according to the latest AuctionNet data and analysis from the National Auto Auction Association. March also marked an all-time high for sales of electric vehicles at auction, NAAA said. Overall, there […] [Read More]

EDITOR'S NOTE: This is a special preview (available now to CMG Premium subscribers) of the May edition of Auto Remarketing, which will focus entirely on a new special feature: Who to Watch. This special feature will recognize auto industry executives and companies — selected by Cherokee Media Group's senior editors — who are significantly shaping the future of the used-car industry. This is not an awards issue, but rather a collection of special features on leading companies and executives from retail, remarketing, auto finance, loss mitigation, and investor segments of the industry. [Read More]

Location Services said Thursday it has acquired third-party dealer consignment remarketing company Marina Hill Finance. Location Services, a full-service recovery management company, also announced it is rebranding its remarketing division as Pinnacle Remarketing. Marina Hill Finance is based in San Antonio, Fla., which is Northeast of the Tampa area and to the Southwest of Orlando. […] [Read More]

State Line Auto Auction in Waverly, N.Y., announced the launch of a new online tool and a new website designed to enhance their dealer experience. The dealers-only auction unveiled Edge Lookout, an improved online portal through Auction Edge. “We upgraded to Edge Lookout, a more complete front-end interface for the Edge Pipeline platform that lets […] [Read More]

Plug, which is an online wholesale auction platform exclusively for electric vehicles, said Tuesday it has secured $6.7 million in seed funding and launched an EV-focused trade-in solution for dealers. Starting with the funding, the round’s leaders were Floodgate, Autotech Ventures and A*. Also participating were Leap Forward Ventures, Renn Global, Cleo Capital, Toba Capital […] [Read More]

The basketball court wasn’t the only place for “madness” last month. With tariffs on the horizon and automotive uncertainty swirling, March produced a flurry of activity in the wholesale car market. The Trump administration’s 25% tariffs on imported vehicles — which became effective Thursday — led to “increased urgency” from consumers to buy new cars […] [Read More]