Manheim Pennsylvania will host over 100 auctioneers who are set to face-off in the 2017 World Automobile Auctioneers Championship (WAAC), which will showcase auctioneers competing for $12,500 in prize money as well as the title of the best auctioneer, best ringperson and best two-person team. “It’s our privilege to sponsor this year’s event and celebrate […] [Read More]

Hourglass Management Corporation (HMC) recently announced that its chief executive officer, Ron Shoemaker, will transition to board chairman. His son, Chad Shoemaker, who joined the company in 2009 and has served as president since 2011, will assume the role of chief executive officer. “It is a great pleasure that we announce the promotion of Chad […] [Read More]

Maserati North America has launched a new Officine Maserati Certified Pre-Owned program that includes two years of unlimited-mile warranty coverage. It also includes a free three-month trial of SiriusXM. The company made the announcement about the new program, which began last month, on Tuesday. As part of the certification process, each vehicle undergoes a 120-point […] [Read More]

When it comes to used-car prices, the sky might not be falling after all, if indications from a Manheim report bear out.  The auction company’s index measuring used-car prices increased for the first time all year, and the used retail market buzzes along at a solid clip. The Manheim Used Vehicle Value Index came in […] [Read More]

Autotrader’s list of the top certified pre-owned deals available this May recognizes BMW, Chevrolet, Volkswagen and Volvo for extending types of deals often reserved for buying new. “Shopping CPO is ideal for price-conscious car shoppers that do not want to sacrifice quality over a good deal,” Autotrader executive editor Brian Moody said in a news […] [Read More]

In Episode 2 of the Auto Remarketing Podcast, co-host Nick Zulovich joins Joe Overby to chat about his three trips in five weeks to cover automotive finance and compliance events. Plus, Nick and Joe talk Carvana, used-car standalone stores and the “political theater” of the CFPB. Also, if you would be so kind, please complete our […] [Read More]

VenueVision Media Systems announced that it recently introduced its latest mobile solution, Mobile Cashier, to Key West Ford and Kia West in British Columbia.  The express e-payment solution aims to make checkout at the dealership speedy, it sends dealer-branded notifications to customers when their repairs are done and lets customers pay directly from their mobile […] [Read More]

The U.S. certified pre-owned market followed its second-strongest month on record with modest year-over-year gains in April, according to Autodata Corp. And reports from automakers in Canada are showing positivity, as well.  Porsche, for example, had its best April ever for CPO sales in Canada, moving 179 vehicles. That’s up from 155 last April, which […] [Read More]

Koch Automotive Group recently announced that it has developed a new e-commerce website that it will roll out across each of its dealerships, starting with Edmonton's Koch Ford Lincoln and DK Ford. The new platform for buying cars will allow consumers to browse inventory, speak with live operators and reserve a purchase — all online. “The […] [Read More]

The previously announced spin-off of Cars.com from TEGNA — which will ultimately results in two publicly traded companies — has been greenlit by the board of directors at TEGNA. TEGNA, which is already publicly traded, said in a news release Wednesday that Cars.com will be spun off through a pro rate distribution of its outstanding […] [Read More]