The days of sports cars and luxury sedans dominating the lease market might be over. That’s according to car lease marketplace, Swapalease.com. In its first quarter 2019 Auto Lease Trends Report, Swapalease.com is asking the question, “Is the luxury sports sedan lease dead?” Swapalease.com executive vice president Scot Hall says luxury sports sedans are at […] [Read More]

Intellaegis now has additional funding and manpower to accelerate the growth of masterQueue, its debt collection software. The company announced this week that it closed on its first round of institutional funding since its launch at Finovate in 2011. “To this point, we’d been self-funded by the founders and two strategic angel investors,” Intellaegis co-founder […] [Read More]

Auto/Mate Dealership Systems recently enhanced its product offering aimed at streamlining the sales process and improving the workflow of sales managers, F&I managers and office clerks. The company released Deal Closeout, a new feature in the Desk/Mate Module of its dealership management system (DMS). Desk/Mate users can now work and close deals all in one […] [Read More]

This week, Veros Credit, a finance company that specializes in the subprime space, announced the winner of its Auction of the Year. Earning the accolade was North Bay Auto Auction of Fairfield, Calif. Veros Credit officials said North Bay AA was chosen this year for its excellence in overall inventory management, retention and customer service. […] [Read More]

In a few special editions of the show, we’re sharing some of the presentations from the recent Women & Automotive Canadian Leadership Forum in Toronto. Next up is Beth Worthington, chief people and culture officer at TRADER Corp. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You […] [Read More]

Your efforts to get cars from reconditioning to sale-ready faster will always hit speed bumps — that is until everyone involved enjoys the freedom to practice proactive accountability for themselves and teammates. Practicing seamless proactive accountability is critical if you want to transform recon operations to increase inventory turns and hold gross margin. Where accountability is […] [Read More]

In a few special editions of the show, we’re sharing some of the presentations from the recent Women & Automotive Canadian Leadership Forum in Toronto. First up is Rhiannon Rosalind, owner and chief executive officer of the Economic Club of Canada. The full discussion can be found below. WARNING: This episode contains profanity. Download and […] [Read More]

The newly completed 20,000-square-foot reconditioning facility at Texas Lone Star Auto Auction includes features such as 14 mechanical bays with 10 lifts and three state-of-the-art detail lanes. XLerate Group Auctions’ Texas Lone Star Auto Auction also added two lanes to the six auction sales lanes it currently uses. “And we have increased our dealer sale […] [Read More]

Many young professionals under the age of 40 are taking leadership roles at auctions, dealerships, banks, automakers, remarketing organizations, financial institutions, industry vendors/partners, tech companies, industry associations and beyond.  That is why Auto Remarketing is excited for our fifth annual Remarketing & Used-Car Industry’s 40 Under 40. We are looking for nominees across the spectrum of the used-car and remarketing […] [Read More]

ADESA has named new general managers for its auctions in Salt Lake City and Des Moines, Iowa. The company said in a news release that both new GMs bring “decades of auction industry experience and will help advance ADESA’s customer-focused strategies.” The company appointed Kevin Stumm as general manager of ADESA Des Moines. Jeff Brinkley […] [Read More]