We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a keynote presentation featuring Brooke Mallory of CarGurus. Mallory delivered an inspirational presentation, recapping her professional journey in automotive, breaking barriers and paying it forward. Listen to the episode in the window below and stay tuned […] [Read More]

Asbury Automotive Group’s less-is-more used-car strategy is making headway. The dealership group’s fourth-quarter 2024 financial results showed a $19 rise in gross profit per used unit retailed on a same-store basis from the previous quarter, while unit sales declined just 1% — just the sort of results president and CEO David Hult was hoping to see. “Our performance in used vehicles is consistent with our shift in ... [Read More]

Next up on our series of podcast episodes from Used Car Week 2024 in Scottsdale, Ariz., is a panel discussion on “Driving Excellence Transforming Dealerships Through Strategic Partnerships.” Led by moderator Nick Zulovich of Cherokee Media Group, the panel includes: Jon Karasek, vice president of remarketing, Mach10 Automotive Garrett Mercer, general manager, Dalton Hyundai Jeff […] [Read More]

Entering 2025, auto dealers are having to address continued changes with inventory acquisition plans, primarily due to volatile wholesale prices and a scarcity of quality vehicles at auctions. Traditional methods, such as relying on trade-ins and auction purchases, have become increasingly unreliable, prompting dealers to seek innovative strategies to maintain profitability and meet consumer demand. […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with the panel discussion focused on the evolving worlds of auto-finance risk and vehicle repossessions. Moderated by Jeff Marsh of Millennium Capital and Recovery, the panel featured Wendy Westwick of Huntington National Bank, Scott Smith of Consumer […] [Read More]

While the company has encountered some retail sales challenges, America’s Car-Mart found some positives to tout this week. The buy-here, pay-here dealership chain highlighted that it has completed a term securitization transaction involving the issuance of $200 million in principal amount of asset-backed notes with an overall weighted average coupon of 6.49%. Car-Mart said the […] [Read More]

People whose business it is to know and monitor the Canadian wholesale automotive industry are keeping a watchful eye on wholesale prices and inventory and three potential curve balls that could impact both: — U.S. President Trump’s announcement that his administration will impose 25% tariffs on goods imported into the U.S. from Canada and Mexico (a move that has since been paused) — A change in Canada’s political landscape as a result of Prime Minister Justin Trudeau’s decision to resign — Interest rates and inflation Canada’s wholesale used-car industry is concerned about ... [Read More]

Having slowed to a crawl in January, the fall of Canadian wholesale used-vehicle values has reached a virtual standstill. According to Canadian Black Book’s weekly Market Insights report, the market was down a mere 0.05% for the week ending Feb. 1, following declines of 0.10% and 0.17% the previous two weeks. The overall market has […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel discussion featuring Auto Remarketing’s 2024 Women in Remarketing honorees and moderated by Brenda Rios of Ally Financial. Listen to the episode in the window below and stay tuned for more from UCW 2024. And […] [Read More]

RockED is taking another leap into automotive high-tech education. The mobile auto industry sales enablement platform has partnered with Impel, a provider of automotive artificial intelligence technology, to launch the industry’s first standardized AI certification. The automotive AI certification program is designed to give dealership employees and other industry staff the practical knowledge designed to […] [Read More]