J.D. Power says that when a vehicle retains a strong resale value, it also typically has higher residual values, and the company said in a news release that those vehicles “offer unmistakable benefits to automakers and consumers alike.” In the 2019 J.D. Power Resale Value Awards, which were presented to automakers on Wednesday, the GMC Sierra […] [Read More]

Alex Fraser of the Cox Automotive Mobility Group & Pivet joins us at the Automotive Intelligence Summit in Raleigh, N.C., where he led a presentation on "Mobility Services Driving the Fleets of the Future." The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to […] [Read More]

During the company’s quarterly earnings call this month, executives with KAR Auction Services didn’t rule out physical auction expansion in the future. But during a follow-up phone interview, chief financial officer Eric Loughmiller did explain that competing for market share in a given metro area no longer absolutely requires the ADESA business unit physically moving […] [Read More]

Independently owned marketing communications agency The Brandware Group has appointed former Cox Automotive public relations executive Lou Laste as agency chief executive officer. Laste, whose appointment is effective Sept. 9, will lead all agency strategy and operations at The Brandware Group, which is headquartered in Atlanta and provides public relations, social media, digital marketing, and content […] [Read More]

The Q2 Lease Trends Report from Swapalease.com showed that the appeal of crossovers might be at a tipping point. A year ago, Swapalease.com indicated roughly 7.4% of drivers polled said they would shop for a crossover if they needed to go out and lease a vehicle that day. A year later, the site discovered that […] [Read More]

Coming off of record-breaking warmth in July, summertime heat is still impacting significant parts of the country, potentially creating sweltering conditions at your dealership. KPA, a leading provider of Environmental Health & Safety (EHS), HR Management and F&I compliance software and services, recently shared steps that any company can take to ensure their workforce is safe and […] [Read More]

The deadline to participate in Auto Remarketing's “Auction Life” photo spread is near.  For NAAA-member auto auctions who would like to participate, please submit photos in a zipped file with the auction(s) name included to the below Dropbox link no later than 5 p.m. ET on Tuesday (Sept. 3). Dropbox for NAAA Auction Life Photos They will need to be in high-resolution, […] [Read More]

EFG Companies now has a vehicle service contract designed to meet the unique needs of electric vehicle owners and aid dealerships in two crucial areas of their operations. EFG recently launched what the company called the new Motorist Assistance Plan (MAP) Electric Vehicle Protection. It’s a package aimed to help dealers diversify their revenue streams […] [Read More]

A firm that previously was a service provider for REPAY now is a part of the company. Repay Holdings Corp., a provider of vertically integrated payment solutions, recently announced the acquisition of TriSource Solutions for up to $65 million, which includes a performance-based earn out. REPAY said in a news release that the acquisition was financed […] [Read More]

As much as dealers and finance companies are taking advantage of technology, the J.D. Power 2019 U.S. Dealer Financing Satisfaction Study showed how critical of a role people still play in how stores fund their inventory needs and facilitate credit for their customers to take delivery. With dealers confronting a rapidly changing consumer landscape in which […] [Read More]