ADESA Kansas City took the top prize in Chase Auto’s Chase Cup for Auction Excellence awards. The auction was awarded the Chase Cup for Best National Auction Performance in a Zoom presentation this week. The awards, in their 25th year, recognize auctions for exceptional performance. Chase reviewed 37 auto auctions based on how they handled […] [Read More]

CarGurus  has named Ismail Elshareef, a business veteran with more than 20 years experience in building consumer transaction products and value-added solutions for small and midsize businesses, as its new chief product officer. Elshareef will begin his new position Feb. 1. He’ll be responsible for leading CarGurus’ product strategy and roadmap with a focus on […] [Read More]

Canada’s Policaro Group has donated over $1 million to help children with heart conditions since 2018. The donation to the SickKids Foundation was made through the dealer group’s philanthropic arm, The Policaro Foundation. This donation is the next step in a longstanding relationship with the charity, the dealership said in a press release. SickKids is […] [Read More]

With one automotive economist acknowledging consumers are still feeling “the pinch,” some of the largest businesses in the U.S. now have some optimistic expectations for 2024 fueled in part because interest rates might finally have peaked. The Federal Reserve kept the federal funds rate unchanged at 5.25% to 5.5% when policymakers had their last opportunity […] [Read More]

With almost 9,000 orders for the Grenadier already locked and loaded throughout North America, the electric SUV is coming to Canada in the first quarter of 2024. INEOS Automotive recently revealed its choices for the first two Canadian dealers to bring the innovative, off-road, adventure-focused station wagon to Ontario and British Columbia. INEOS chairman Jim […] [Read More]

Customers now have the option to lease certified pre-owned Honda and Acura vehicles, American Honda Motor Co. announced Thursday. The leasing option is the latest addition to the automaker’s CPO program, which recently expanded to allow vehicles from ages 6 to 10 through the respective HondaTrue Used and Acura Precision Used Programs. Eligible models include ... [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a conversation with Steve Greenfield of Automotive Ventures and the industry personality all over social media who is known as CarDealershipGuy. Listen to the episode in the window below. [Read More]

Carbly has launched Auctions Plus, a new search platform the company said is “poised to transform the way used-car dealers source inventory from auctions.” The platform provides a “unified and comprehensive solution” for searching, filtering and evaluating vehicles from more than 300 dealer auctions nationwide, which Carbly said offers “an unparalleled advantage” in vehicle sourcing, […] [Read More]

McGovern Automotive Group continued its growth Wednesday with its acquisition of Imperial Hyundai in Milford, Mass. The dealership, renamed McGovern Hyundai of Milford, is the company’s fourth dealership in Massachusetts. McGovern now operates 29 dealerships in New York, Massachusetts and New Hampshire. The acquisition is the fifth in the past six weeks for the rapidly […] [Read More]

It’s that time of year again to reflect on the past 12 months. As we navigate from one crisis to another, one reality shines through: We are one resilient industry. I mean come on, what else can they throw at us? Oh, yeah: 2024 is an election year! The used-car market is definitely showing signs […] [Read More]