Black Book co-founder and former president Eugene McDonald died Monday, the National Auto Auction Association said in a message to members Wednesday. McDonald sold Black Book to Cox in 1965, served on that company’s board of directors and helped Cox move into the auto auction market, as it purchased its first auction (now known as […] [Read More]

AutoNation has joined the Army. OK, not exactly. The nationwide auto retailer has joined with the U.S. Army as a partner in the Army’s Partnership for Your Success (PaYS) program, which provides soldiers with career pathways following their military service. The program guarantees soldiers five job interviews from a network of companies after they have […] [Read More]

LotLinx executive chairman Len Short joins the Auto Remarketing Podcast to discuss the company’s new Vincensus report, a new monthly and quarterly analysis that shares real-time vehicle inventory data and insights. “Data is the key to your future. It’s the key to your competitiveness,” Short said in the interview. “Dealers are waking up to this […] [Read More]

Black Book’s newest installment of Market Insights gave a clear look at what happened in the lanes during the last full week of the month, quarter and first half of the year. And it appeared consignors might have cleared some volume, and dealerships reinforced their inventory to prepare for sales fireworks amid Fourth of July. […] [Read More]

National Independent Automobile Dealers Association vice president of dealer development Jeremy Beck shared a new statistic that surprised many executives who have been in the car business for decades. Hear Beck explain that data point and more during this episode of the Auto Remarketing Podcast recorded in Las Vegas at this year’s NIADA Convention & […] [Read More]

Two service providers involved with repossessed vehicles now are working together. Strategic Remarketing Services (SRS), a provider of repossession and remarketing services, recently announced that its platform will be integrated with MeridianLink. The companies said the integration can allow finance companies to more efficiently and securely share data between SRS’s business and MeridianLink to drive […] [Read More]

The Federal Trade Commission said late Tuesday that it took enforcement actions against Vroom for misrepresenting that the retailer thoroughly examined all vehicles before listing them for sale. The FTC also said Vroom failed to obtain consumers’ consent to shipment delays or provide prompt refunds when cars weren’t delivered in the time the retailer promised. […] [Read More]

NextGear Capital president Scott Maybee addressed a question that dealerships likely have been wondering, too, as they examine their floorplan expenses and other operational matters. What if interest rates never drop much below where they currently are? Maybee shared his response and more for this episode of the Auto Remarketing Podcast recorded in Las Vegas […] [Read More]

Insurance coverage is becoming a more complicated part of vehicle delivery and financing. Some findings from the 2024 U.S Auto Insurance Trends Report generated by LexisNexis Risk Solutions might illustrate why. This report aggregated annual market data about consumer driving patterns, auto insurance shopping trends, claim frequency and severity, and consumer responses to rate increases […] [Read More]

Meet the 2024 honorees in Cherokee Media Group’s “Women in Retail” program, presented by CarGurus. With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. The July issue of Auto Remarketing includes full Q&A profile features with these honorees, who […] [Read More]