We gave a call for nominations for Remarketing’s Under 40, and were impressed by the number of submissions that came through. Our readers were intent to point out the best and brightest in the industry, and we thank you for your support and participation in honoring the following remarketing leaders. The following group of 21 industry […] [Read More]

PassTime recently announced that the United States Patent and Trademark Office invalidated the entirety of a patent owned by LunarEye that was the subject of a patent lawsuit claiming infringement by certain PassTime products. The patent, No. 6,484,035, had claimed an apparatus and method for triggerable location reporting and listed Alvin C. Allen, Jr. (also […] [Read More]

Pearl Technology Holdings revealed its 6-foot-4 dynamic touch screens, called “Genius Stations,” aimed at expediting the sales and F&I process from the showroom. Utilizing the company’s ShowroomXpress (SRX) retail platform, the Genius Stations allow customers to work out deals with or without the help of a sales representative right in the showroom. Shoppers can start the […] [Read More]

Carvana has moved into Florida with its latest expansion. The online vehicle retailer said Tuesday it has opened up shop in Orlando. Carvana now has a physical presence in 10 markets where it offers next-day delivery to buyers within 100 miles for free. In addition to Orlando, those include Atlanta; Austin, Texas; Birmingham, Ala.; Charlotte, […] [Read More]

CarMax announced Tuesday it is currently recruiting for more than 1,600 positions in its locations across the United States. According to the company the majority of the positions are in sales, with additional positions available in service, purchasing and in the business office. The positions available also range from full- and part-time with day and […] [Read More]

Digital marketing company LotLinx announced Tuesday it has expanded its “deep-linking” technology to Facebook, aiming to lead low-funnel car shoppers on the social media site to their local dealers’ vehicle detail pages. According to LotLinx, its technology uses proprietary shopper data from LotLinx sites, a dealer’s own site, and Facebook-provided Polk data to build a […] [Read More]

The spring tax season isn’t bringing with it the strong prices in the lanes it normally does. And this trend is particularly evident when looking at depreciation for the month of February. According to Black Book data, the average price of a used vehicle for model years 2010-2014 fell by 1.1 percent last month. Cars […] [Read More]

Though depreciation slowed a little bit last week, the auction market is still seeing prices decrease at a rate larger than normally seen during tax season, which traditionally brings rate strength to the lanes. Most trucks, of course, are continuing to see stronger price trends than cars, with the exception of full size luxury utilities […] [Read More]

In some overseas news, Whann Technology Group said it has broadened its work with UK-based Paragon Remarketing. According to British publication Fleet News, Paragon is now overseeing the remarketing Volvo Car UK’s end-of-term cars.  That story, which WTG provided a link to in a news release, can be found here. In  WTG's news release, Whann Technology Group vice […] [Read More]

Last month showed some price softening in off-rental wholesale cars, according to the latest Manheim Used Vehicle Value Index analysis, which said that not since 2013 has the straight average of rental-risk auction prices been this low in February. Even with rental-risk units having 11.5 percent less mileage on them, prices still fell 4.1 percent […] [Read More]