While much of Carvana’s recent quarterly update focused on its record-setting retail performance, founder and CEO Ernie Garcia also highlighted the positive steps of the company’s wholesale business. Especially ADESA Clear, the digital wholesale auction product of Carvana’s auto auction subsidiary. The platform rolled out in late 2023 and grew regionally in 2024 and the […] [Read More]

The torch has officially been passed for Asbury Automotive Group. David Hult, the Atlanta-based dealership group’s president and CEO since 2018, has transitioned to the position of executive chairman effective today, ceding the president/CEO role to chief operating officer Dan Clara. Asbury announced the leadership transition plan late last year. “During his tenure, David Hult […] [Read More]

The six publicly traded car dealer groups have released their first-quarter operating results in recent days, and with that, Auto Remarketing is recapping how the used-car department fared at each retailer. We’re breaking this recap up into three parts, starting with AutoNation, Asbury Automotive Group and Group 1 Automotive. AutoNation boosts sales of late-model units […] [Read More]

Experian found another way to connect people and technology. And the newest tool emphasizes the component of a transaction including a real person. Last week, the company launched Experian Agent Trust, a framework that designed to establish a secure, verifiable link between consumers and artificial intelligence agents, bringing identity, and accountability to AI-driven transactions. As […] [Read More]

Federal Reserve vice chair Michelle Bowman acknowledged Friday that Anthropic’s Mythos — an artificial intelligence model that identifies cyber vulnerabilities — created a significant stir in banking, especially after Treasury Secretary Scott Bessent and Fed chair Jerome Powell convened the largest banks to discuss Mythos and cybersecurity implications. Among the questions Bowman asked during the […] [Read More]

Cox Automotive’s Mark Strand and Paul Machin of Vintraxx Automotive each made astute observations about affordability and the subprime market on social media ahead of the newest views of consumer sentiments that keep sagging. The April reading of the Survey of Consumers conducted by the University of Michigan dropped another 3.5 points to the lowest […] [Read More]

Fletcher Jones Automotive Group knows its sweet spot, and it’s added another dealership that fits squarely in it. The Newport Beach, Calif.-based dealership group has purchased Mercedes-Benz of Beverly Hills from Group 1 Automotive, according to the Presidio Group, which advised the seller in the transaction. “This acquisition is a natural next step for Fletcher […] [Read More]

Something seemingly odd happened in the used electric vehicle market during the first quarter. Used EV supply was up more than 14% year-over-year, but the turn time on these cars was 18 days faster than it was in Q1 2025, according to the latest Industry Insights Report from Cars Commerce. Specifically, used EV supply (based […] [Read More]

Another day, another integration partnership for Tekion. The dealership technology provider has integrated with DAS Technology to connect the DAS artificial intelligence customer data and experience platform with Tekion’s AI-based Automotive Retail Cloud, a platform designed to handle the full spectrum of dealership operations. DAS Technology is the second new partner to join Tekion’s Automotive […] [Read More]

ACI Transport’s stock in trade has always been getting vehicles from one place to another. Now it’s giving them a place to stay, too. The freight brokerage firm specializing in coordinating multimodal transportation of vehicles and general commodity freight is expanding its offerings to include vehicle storage and freight warehousing services. CEO Gary Horton said […] [Read More]