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Dealer Alchemist acquires AutoGo and its NEXUS website platform
Friday, Feb. 2, 2024, 01:39 PM
Auto Remarketing Staff
Automotive marketing technology company Dealer Alchemist has acquired AutoGo – formerly Dealer Venom – a provider of advanced automotive website platforms. In a news release, Dealer Alchemist said the centerpiece of the acquisition is AutoGo’s flagship product, the NEXUS automotive website platform, which will be a “pivotal offering” for Dealer Alchemist and AutoGo clients, promising […] [Read More]
Lexus tops rankings in Widewail study of brands’ reputations
Friday, Feb. 2, 2024, 12:18 PM
Auto Remarketing Staff
Lexus took top honors in a study to measure the reputation and customer sentiment surrounding automotive brands. The luxury brand earned a “health score” of 95 out of 100 to edge Toyota (94) and BMW (91) for the No. 1 ranking on the 2024 Widewail Brand Scorecard, a study conducted by customer review and reputation […] [Read More]
NAAA selects Cox Automotive’s Grace Huang as Warren Young Fellow
Friday, Feb. 2, 2024, 10:28 AM
Auto Remarketing Staff
Cox Automotive president of Inventory Solutions Grace Huang was named a Warren Young Fellow by the National Auto Auction Association during NAAA’s 2024 Total Access meeting Thursday in Las Vegas. The award, presented by NAAA president Eric Autenrieth, honored Huang’s “unparalleled service and dedication to advancing the wholesale auto auction industry and her commitment to […] [Read More]
Auction Academy class prepares for next training session in Dallas
Friday, Feb. 2, 2024, 09:49 AM
Auto Remarketing Staff
Auction Academy’s latest class is headed for Big D. The eighth class of the leadership training program for professionals in the vehicle remarketing industry has completed two in-person sessions and three virtual training sessions, and is now preparing for a trip this month to Dallas, where the group will attend classes and make two site […] [Read More]
Price declines slowing in wholesale market, accelerating in retail
Thursday, Feb. 1, 2024, 04:24 PM
Auto Remarketing Staff
While the groundhog hasn’t delivered his forecast yet, it seems spring might be on the way in the wholesale car market. Used-vehicle prices were down again as January ended, but the pace of depreciation is decelerating, according to the latest report from Black Book. “For three consecutive weeks, the overall wholesale market has exhibited a […] [Read More]
Impel integrates its AI-powered technology with ACV, CDK
Thursday, Feb. 1, 2024, 12:07 PM
Auto Remarketing Staff
Impel announced new integrations to pair its artificial intelligence-powered customer lifecycle management and digital merchandising platform with two of the auto industry’s major players – ACV and CDK Global. The integration with ACV’s ClearCar, an advanced trade-in condition and valuation system, is designed to provide Impel’s dealer customers with an end-to-end solution for managing dealer-generated […] [Read More]
COMMENTARY: Don’t fear the new year
Thursday, Feb. 1, 2024, 09:48 AM
Robert Grill, CARFAX
Welcome to the new year, your new normal. Don’t worry. It’s not that scary! As an industry, our No. 1 addiction is the next shiny object. It’s our Achilles’ heel. The latest trend, the latest opinion and the latest “easy way to do it better, faster and more profitably.” It always comes down to two […] [Read More]
Study taps Chevy Trax, Toyota Avalon as best used cars for the money
Wednesday, Jan. 31, 2024, 01:20 PM
Auto Remarketing Staff
With used-car prices still high and consumer’s budgets strained, car buyers are looking for value perhaps more than ever before. So is iSeeCars, which released its latest study to identify the best used cars for the money. “With the spike in used-vehicle pricing over the past five years, buyers are seeking the best value for […] [Read More]
TradePending adds former Cox, KAR VP as its new chief operating officer
Wednesday, Jan. 31, 2024, 01:19 PM
Auto Remarketing Staff
Former Cox Automotive and KAR Global vice president Tim Zierden has joined TradePending as its new chief operating officer. The company said Zierden will lead its operations through the customer lifecycle and will be responsible for sales and marketing, onboarding, customer support and customer success. “I am committed to supporting automotive customers in a dynamic, […] [Read More]
Lotlinx introduces new risk mitigation platform and AI chatbot for inventory management
Wednesday, Jan. 31, 2024, 01:17 PM
Auto Remarketing Staff
Lotlinx wants to make being a car dealer a little less risky. To that end, the VIN-specific data provider for dealership inventory has launched Lotlinx Sentinel, a new vehicle risk mitigation platform. Sentinel is designed to protect dealers by forecasting risks and implementing targeted corrective actions at the VIN level to reduce the time vehicles […] [Read More]
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