For decades, the American auto dealer has operated on a predictable, rhythmic cycle. New cars arrived from the factory, leases were signed, and 36 months later, those same vehicles flowed back into the ecosystem like clockwork. This off-lease pipeline was the lifeblood of the used-car department, a reliable stream of inventory that required little effort […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. Amber Gosney of SYCN Auto Logistics recapped how she and her company colleague, Staci Dimi, became the Transport Queens to serve clients who need […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. To get a better understanding of how autonomous technology has the potential to be highly disruptive in the used-car market, Draiver senior vice president […] [Read More]

The National Auto Auction Association introduced “targeted updates” to its NAAA Arbitration Guidelines on Monday, the trade group said in a memo to members. The updates are meant to clarify existing policy language and “formally reflect established auction practices,” while also addressing what NAAA calls evolving issues like higher-value vehicles, announcements on vehicles, ADAS components […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. David Prusinski, who is CEO of Vehicle Management Systems (VMS), was back in the spotlight to share his perspectives about the current state of […] [Read More]

As Auction Academy’s Class 9 heads for the finish line, Class 10 is gearing up to begin its journey. The current class of the executive development program developed by TPC Management Company has two sessions remaining after completing its sixth in-person session this month in Baltimore. The class will wrap up its two-year curriculum with […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. This conversation features Cherokee Media Group’s Andrew Friedlander and TraXtion president and CEO Brad Kokesh. They explore how dealers can bridge the transparency gap without sacrificing […] [Read More]

Along with the company reporting double-digit-percentage gains in overall revenue, net income and adjusted EBITDA, OPENLANE’s marketplace unit sold 19% more vehicles in the first quarter than it did a year ago, with both dealer and consignor sales thriving. OPENLANE is already seeing a lift from increased lease returns, a trend it expects to continue […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. Agile Auto founder and CEO John Ellis acknowledged inventory management might be the most difficult part of dealership operation nowadays. So, Ellis cherry-picked some […] [Read More]

Greater Milwaukee Auto Auction recently hired Brady Brown as its fleet-lease manager. Brown possesses 26 years of automotive experience. Before joining Greater Milwaukee AA, Brown was the general manager of a nearby Cadillac dealership for the past 16 years. “Brady is very personable and easy to work with, has a mind for detail, and prioritizes […] [Read More]