CarGurus is readying a suite of digital marketing products that will more strategically connect the 37 million unique consumers that visit its online automotive marketplace each month with the websites of dealers who list vehicles for sale on CarGurus.com. The group of “real-time performance marketing” products is set to debut in January, said CarGurus president […] [Read More]

As part of the Best Auto Auctions to Work For program, which is presented by CARS Recon, Auto Remarketing is provided with a wealth of data from the Best Companies Group, which manages the study and analyzes the data. Among the information provided by BCG is employee response benchmark data across eight categories and multiple employee survey data […] [Read More]

As experts from ALG and Kelley Blue Book watched average transaction prices (ATP) for new models climb again in October, Edmunds noticed average interest rates for new-vehicle financing remained below 6% for the fourth month in a row. Edmunds pegged the average APR on new financed vehicles at 5.7% in October; the same reading as September […] [Read More]

As part of the Best Auto Auctions to Work For program, which is presented by CARS Recon, Auto Remarketing is provided with a wealth of data from the Best Companies Group, which manages the study and analyzes the data. Among the information provided by BCG is employee response benchmark data across eight categories and multiple […] [Read More]

Group 1 Automotive said on Thursday that its president of U.S. operations Daryl Kenningham will also assume responsibility for the company’s Brazilian automotive operations. Group 1 president and chief executive officer Earl Hesterberg said in a news release that Kenningham has served an instrumental role in driving the company’s U.S. performance. “And extending his role to […] [Read More]

While referencing conditions of consumers who might be purchasing particular vehicles in your inventory or are already contract holders within your portfolio, Federal Reserve chairman Jerome Powell reiterated the impacts made by policymakers involving interest rates do not necessarily fire as quickly as a vehicle’s push-button ignition. Powell appeared during another press conference on Wednesday afternoon […] [Read More]

As IAA works to enhance its business model and move further into the digital space, the company is focused on introducing technology and innovation that “[drive] our industry forward while positively transforming the customer experience,” said IAA chief executive officer and president John Kett. “AuctionNow is a prime example of how we can add more […] [Read More]

Auto Remarketing’s Best Auctions to Work For, presented by CARS Recon, is a free workplace study for the auto-auction industry that recognizes the best auto auctions to work for on an unranked basis. It is designed and intended for individual physical auction locations and digital auctions, as well. Digital auction honorees are designated as such. […] [Read More]

To help celebrate its 20-year history as an upstream remarketing platform for OEM, captive finance, financial institution and fleet customers, OPENLANE took part in several charitable activities. One was a $5,000 donation to JDRF, a global organization that funds type 1 diabetes research. On Oct. 10, 25 employees from the OPENLANE Toronto innovation and technology […] [Read More]

While the overall automotive industry might be relatively healthy, no doubt there are dealerships struggling with aged inventory, auctions stressed to keep commercial consignors satisfied and finance companies wringing their hands over compressed margins and wavering portfolio performances. But if you would please indulge me for a couple of moments to convey what’s happening in […] [Read More]