The Canadian auto industry, be it retail, remarketing or finance, is full of young leaders who have achieved massive success at an early age. Cherokee Media Group is excited to honor many of those individuals in this year’s Remarketing’s Under 40 program, which is presented by EBlock. The 2024 honorees will be recognized in the upcoming […] [Read More]

The decline of Canadian wholesale used-vehicle values continues to accelerate. The latest evidence is in Canadian Black Book’s Used Vehicle Retention Index for May, released this week. CBB’s data showed the index at 137.6, down 2.0% from the previous month and 13.4% from May 2023 – the largest year-over-year percentage drop so far this year. […] [Read More]

Cox Automotive took a second look at the April reading of the Dealertrack Credit Availability Index. As a result, both the April and May readings looked a bit more favorable for dealerships and finance companies. What might be ahead later in the summer could be even more murky. Analysts reported on Tuesday that access to […] [Read More]

Mark Burkholder, president of the Auto Dealer Services Group for Peachtree Planning is an expert financial planner whose specialties include succession planning and estate planning. But at the recent 2024 BHPH United Summit, he spoke about something different — “golden handcuffs,” a strategy dealers can use to entice key employees to stay in the business. […] [Read More]

Dealer eProcess wants to take auto dealers to the top of the mountain. The website and digital marketing agency hopes to do that with the launch of Everest, its new website platform for dealers in the U.S. and Canada. Everest is designed to be an all-in-one solution to drive the highest conversions possible. It includes […] [Read More]

On this episode of the Auto Remarketing Podcast, Super Dispatch founder and CEO Bek Abdullayev takes us behind the scenes of the company’s next-generation marketplace. Abdullayev shares more about how the approach to solve the challenges in the logistics vertical of fraud and trust issues, the rise of artificial intelligence and the need for central […] [Read More]

Carmigo and VINCUE announced a partnership designed to give users of both platforms greater access to live data and a wider array of wholesaling options. The integration allows Carmigo users to view recent retail transactions and average retail price for cars listed on Carmigo, powered by VINCUE’s live market data. Carmigo will power VINCUE’s RetailScore, […] [Read More]

NAPA Auto Parts sees potential in electric vehicle repair and is preparing its branded stores and its independent partners to capitalize on a potentially huge market for aftermarket parts. “There is a big opportunity for NAPA to get into the electrification space,” Donovan Ringo, NAPA’s senior manager, emerging markets, told Auto Remarketing on the sidelines of the Electrify Expo Industry Day conference in Southern California in late May. NAPA considers EVs, ADAS, and vehicle connectivity emerging technology for ... [Read More]

What will the electric market look like in 2030 and, more importantly, how will we get there? That was the theme of this debate — a true clash of titans — between Steve Greenfield of Automotive Ventures and Scott Case of Recurrent during this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction […] [Read More]

Buyers at CarMax Auctions now have a new option for financing their purchases. Kinetic Advantage, an independent floorplan company for independent dealers, has partnered with CarMax to provide dealer floorplan financing at its auctions. “CarMax is recognized as one of the premier, dealer-friendly auto auctions in the country,” Kinetic Advantage president and CEO Marty McFarland […] [Read More]