DealerRater announced this week it has a new vice president of business development that will be focusing on business in both Canada and the U.S. Chosen for the position is Brian Epro. The company reported Epro will be responsible for helping to grow the company’s partnerships with the largest dealer groups across the U.S. and […] [Read More]

XLerate Group has acquired Greater Kalamazoo Auto Auction.  With its purchase of GKAA, the auction family formerly known as American Auto Auction Group now has seven members. “With the addition of GKAA, XLerate continues the objective of growing our business by acquiring quality independent sales to enhance our auction family offering,” said XLerate chief executive […] [Read More]

CarGurus announced Tuesday its expansion from the United States to its neighbor to the north with the launch of CarGurus Canada. Founded by Langley Steinert, who is also a co-founder of TripAdvisor, CarGurus now brings the same level of service to Canada as it has been providing to the U.S. as the latter’s second-largest automotive […] [Read More]

While praising financing companies for their underwriting prowess, TransUnion’s latest auto report — viewed one quarter in arrears to ensure all accounts are included in the data — showed notable origination growth in the subprime risk tier. Contracts extended to subprime buyers — those consumers with a VantageScore 3.0 credit score lower than 601 — […] [Read More]

Last week, Auto Remarketing recapped a DealerRater and J.D. Power study — the 2015 PowerRater Consumer Pulse — that breaks down the respective percentages of new-car shoppers that want the salesperson to be a negotiator, educator and facilitator. But what about used-car shoppers? DealerRater shared those numbers with us on Tuesday. And they’re not all that different from the new-car […] [Read More]

KAR Auction Services announced Wednesday that it has promoted Carolyn Bogan to the position of vice president of KAR’s IT Shared Services. Bogan, who joined KAR in September 2013 as the director of support services, is now responsible for the oversight and strategic vision of all workplace services and will serve as the main contact for […] [Read More]

Black Book announced Wednesday it now has a mobile application designed for Spanish-language speakers. Black Book Digital en Espanol, a mobile application for Spanish-speaking dealers, remarketers and other automotive professionals, is a Spanish-language version of the company’s mobile application that provides the latest vehicle valuation data. Black Book cited the most recent Hispanic Business Automotive […] [Read More]

As summer nears, prices in the lanes tend to take a turn downward — a trend most dealers and wholesales are used to, and one that is rearing its head again this year as we approach June. And this rings especially true for the car segments at auction. According to the latest Black Book Market […] [Read More]

NADAguides.com announced Wednesday it has added various tools for motorcycles, RVs and boats, among others, to its mobile site. The tools will include access to pricing, specifications and other various tools for these other types of vehicles. Consumers accessing the site on a mobile device will now have unlimited access to suggested list price, low […] [Read More]

It may be a bit early to tell what the ceiling is for annual certified pre-owned sales, but here’s a good sign that Edmunds.com director of industry analysis Jessica Caldwell shared with Auto Remarketing on Wednesday. As CPO inventory volume continues to grow and the segment becomes more of a household name, she said, consumer […] [Read More]