The entire team at Cherokee Media Group wishes you a safe and happy holiday season and a joyous new year. This issue of Auto Remarketing Today PM will be the final regularly scheduled e-newsletter from our team in 2019 before we take a holiday break. We thank you for your interest, support, readership and feedback this year. The Auto Remarketing e-newsletters will […] [Read More]

New features of eBay Motors’ all-new, automotive-focused app for Apple iPhone and Android include a personalized homepage, streamlined listing capabilities and improved search filters. eBay Motors, which describes itself as a marketplace “for all things automotive,” says its new app is powered by advanced technology and is “a powerful tool for buying and selling vehicles […] [Read More]

As part of its expectations for the 2020 credit market, TransUnion acknowledged that issues surrounding vehicle affordability will continue to persist in the coming year. But with the Federal Reserve leaving interest rates unchanged this week — and policymakers alluding to the option of repeating the action throughout 2020 — there appears to be some momentum […] [Read More]

New Internet of Things (IOT) asset location platform developer TrueSpot has appointed former TradeRev territory sales executive and market sales coordinator Alicia Crosswhite as national sales director. TrueSpot chief executive officer and founder Mike Hanna said the company believes Crosswhite’s “truly-unique ability” is essential in its growth plans. “As an industry insider, she knows how […] [Read More]

iSeeCars says the Toyota 4Runner is a mainstay on its iSeeCars longest-lasting vehicles list, and the search engine company says the 4Runner is the midsize SUV with the best value retention after five years of ownership.  And Toyota overall does well in iSeeCars’ list of best used cars for 2020. The manufacturer placed four vehicles […] [Read More]

Overall used-vehicle transaction prices have never been higher than they were last quarter, according to Edmunds’ latest Used Vehicle Report released Thursday. But interestingly enough, the gap between the average prices of 3-year-old vehicles and new vehicles reached a third-quarter high. At play is an influx of off-lease vehicles returning to market, more than half […] [Read More]

In light of potential costs and urgency to get vehicles front-line ready as quickly as possible, reconditioning can be one of the most stressful, ongoing challenges facing independent dealers and buy-here, pay-here operators. To help stores of all sizes, Rapid Recon, the provider of a time-to-line, speed-to-sale reconditioning workflow software for dealership operations, has joined […] [Read More]

This week, Consumer Financial Protection Bureau director Kathleen Kraninger celebrated her one-year anniversary leading the regulator. Kraninger highlighted through a news release that during her first year she met with more than 800 consumers, consumer groups, state and local government officials, military personnel, financial institutions, academics, non-profits and former and current bureau advisers and traveled to […] [Read More]

Asbury Automotive Group has agreed to buy Park Place Dealerships for $1 billion cash, excluding inventory, the public retailer announced Thursday. The deal gives Asbury a boost both in Texas and within the luxury market. Park Place’s operating assets include17 franchises, including 15 in the Dallas-Fort Worth market. One of those 17 franchises is an […] [Read More]

Auto industry software provider DealerSocket is launching what it describes as “major innovations in the company’s Inventory+ software.” DealerSocket said it made the upgrades to “maximize the highest possible profit-per-day on each vehicle for its dealers.” The company said Single Page Appraisal, which it says puts all of the data a dealer needs on one […] [Read More]