The International Automotive Remarketers Alliance announced the organization is undergoing a brand update. The new branding will be unveiled during the welcome reception of the annual CAR Conference, coming up March 26-28 in Phoenix. The alliance said the rollout will continue throughout the summer and is scheduled to be completed by IARA’s Summer Roundtable, set […] [Read More]

Toyota Motor Corp. once again rules the roost when it comes to resale value, sweeping top honors in both brand categories of Kelley Blue Book’s 2024 Best Resale Value Awards for the third consecutive year. The automaker’s signature brand, Toyota, won the top prize of Best Resale Value: Brand, and its sibling, Lexus, again earned […] [Read More]

Connected carsharing marketplace Getaround has promoted general manager of gig AJ Lee to chief operating officer. The company said Lee, who will report to CEO Eduardo Iniguez, will be responsible for accelerating Getaround’s growth and path to profitability, as well as overseeing operations, marketing, sales and other functions. Lee said in a news release he’ll […] [Read More]

Three members of the Federal Trade Commission were confirmed on Friday. Two commissioners — Andrew Ferguson and Melissa Holyoak — are beginning their first term, while the third — Rebecca Kelly Slaughter — is starting a second term. Ferguson and Holyoak were nominated on July 11 by President Biden to serve as FTC commissioners. Ferguson’s […] [Read More]

We just sprung forward over the weekend, but Bain & Company is already seeing “green shoots” in the private-equity world. Experts said on Monday those “green shoots” are emerging for prospects this year and beyond within the global private equity world. That’s despite 2023 having generated the sharpest drop-off in private-equity activity since the global […] [Read More]

TomoCredit rolled out its latest tool last week aimed at expanding credit accessibility for millions of Americans. The fintech startup — which began because of experiences of trying to secure auto financing — introduced TomoScore, which TomoCredit said is an innovative cash flow-based credit score that can provides finance companies and lenders a “risk-free” way […] [Read More]

It was springtime in the auction lanes last month. Prices were down double-digit percentages from a year ago, but the market was buzzing as dealers were busy buying units amid blooming retail demand. “The wholesale market got into the spring mood in February, with dealers ... [Read More]

Coinciding with International Women’s Day, Nissan highlighted a pair of success stories on Friday from one of its franchised stores in the Southeast. One recapped the success within a family legacy, while the other highlighted the success of a salesperson originally from Central America, prompting her to say the car business “changed my life.” Nissan […] [Read More]

We Help Dealers, a jack-of-all-trades dealership service provider, is adding another trade — wholesale vehicle acquisition — to its offerings. The company has launched a comprehensive inventory sourcing service, designed to boost dealer efficiency and productivity by handling the necessary research, based on individual dealer preferences. We Help Dealers, founded and owned by auto industry […] [Read More]

It has been a “leap year” in more than one sense for wholesale vehicle volumes. There have already been 1.12 million units sold at auction year-to-date through February, which is a 13% increase from the first two months of 2023, according to AuctionNet data from the National Auto Auction Association shared exclusively with Auto Remarketing. […] [Read More]