Perhaps you, too, finished 2019 a bit tired; the culmination of a year filled with automotive activities that left you feeling fatigued. Well, KAR Global chief economist Tom Kontos explained how the wholesale market might have sustained “fatigue” by the time this past year ended, as well. According to KAR Global Analytical Services’ monthly analysis […] [Read More]

Missouri Auto Auction has added a second generation of ownership with the announcement that Cody Boswell and Candice Boswell-Bray are now a part of the ownership team. Boswell and Boswell-Bray are the son and daughter of Gregg and Dagmar Boswell. Gregg Boswell founded Missouri Auto Auction in 2000. Gregg Boswell founded the auction while maintaining ownership […] [Read More]

ReconVelocity says one of its two new automation features, called VelocityLocate, brings complete efficiency to the recon process by automating vehicles’ step-by-step progress in recon. And it does that even when dealership personnel forget to push the button. ReconVelocity says that for dealers, the two new automation features in its reconditioning software product “catapult the […] [Read More]

Certification platform SureSale has added five members to its national sales team, and the company says each of them have a track record of growing new markets. The new sales team members also possess “a deep understanding of what auto dealerships need to fuel CPO sales and increase ROI,” SureSale said in a news release. […] [Read More]

ALG, the analytics subsidiary of TrueCar, is calling for a 6% year-over-year rise in used-vehicle sales for January, forecasting a monthly sum of 3,329,070 units sold. That would also be a 12% month-over-month hike. It’s a strong start to the year that industry analysts are projecting to show steadiness or slight declines in used-car sales. Cox […] [Read More]

Used vehicle e-commerce platform Carvana has offered California-area residents its online car buying program for almost three years, and Carvana founder and chief executive officer Ernie Garcia said the company’s presence in the state has “steadily increased in just two years.” On Monday and Tuesday, the company announced it was expanding its footprint in the […] [Read More]

With the IRS beginning to accept tax returns this week, no doubt dealers are eager to have potential vehicle buyers arrive at their stores with refunds in hand to make down payments. And stemming from what Black Book is seeing in the lanes, dealers also are looking to acquire the inventory that will satisfy those […] [Read More]

A quartet of dealer groups with a presence in Pennsylvania is involved with another education program aimed at boosting the number of trained service technicians. Universal Technical Institute (UTI) in Exton, Pa., recently launched what the school believes is a first-of-its-kind initiative aimed at developing skilled employee pipelines and giving students an inside track on […] [Read More]

S&P Global Ratings spotted what it called “normal seasonal weakness” after analysts reviewed its latest data on collateral performance in the U.S. auto loan asset-backed securities (ABS) sector. Analysts found that “weakness” appeared in November with recoveries declining and delinquencies increasing relative to October’s levels. S&P Global Ratings also determined that year-over-year, prime performance softened […] [Read More]

In this episode of the Auto Remarketing Podcast, we continue with our special episodes recapping general sessions from Used Car Week. Next up is the "Innovation & Independent: A Fireside Chat" session, featuring: — ServNet executive director John Brasher — McConkey Auction Group president and CEO Bob McConkey. To listen to this episode, click on […] [Read More]