Note: After a tumultuous two years, the National Independent Automobile Dealers Association has emerged in 2023 with new leadership and a new outlook. In this three-part series, Auto Remarketing examines the state of NIADA now, the events that led to the transition and what’s ahead in the future. The question was an obvious one. In the Expo Hall of the National Independent Automobile Dealers Association Convention in June, just two days after he had begun his term, Gordon Tormohlen was asked about his first priority as NIADA’s 74th president. “There’s a plan in place,” he replied, “and the first thing is to ... [Read More]

Well, it’s that time of year again. Don’t blink. In this business, it’s sometimes easy to forget everything we should be thankful for and much easier to think of everything that bothers us. Now, it’s time to catch your breath and look at what the automotive industry is truly all about. The hardest thing to […] [Read More]

For dealers looking to save resources on inventory procurement, the latest wholesale price readings from Black Book and Cox Automotive are providing details that might create quite a thankful mood as we approach Thanksgiving. Black Book reported wholesale values decreased 1.48% last week, while Cox Automotive indicated wholesale used-vehicle prices (on a mix-, mileage-, and […] [Read More]

In our industry, we encounter situations like repos and collections calls that can bring us more heartburn than a turkey dinner. With Thanksgiving just around the corner, we thought it would be good to approach this week’s topic with reflection and gratitude. As we gather to give thanks for our blessings and lessons learned, we […] [Read More]

Northwood University, a national leader in auto industry education, is launching a new Master of Science in Organizational Leadership program tailored for automotive professionals. Lisa Fairbairn, dean of the university’s DeVos Graduate School, said the school “has a long history of providing customized corporate and industry master’s programs in the automotive sector, and we are […] [Read More]

This week, PassTime announced the launch of Encore 4, the newest version of the asset tracking solutions provider’s Encore platform. Now on its fourth generation, PassTime said Encore 4 marks one of the most substantial updates to the platform since it was originally launched in 2019. The company said through a news release that Encore […] [Read More]

For the first time in the history of Used Car Week, the workshops and panel discussions focused on repossessions were some of the highest-attended portions of the entire event, which unfolded earlier this month. In some instances, demand for repo insight created spillover scenes in Scottsdale, Ariz. Further data and observations shared by Cox Automotive […] [Read More]

There’s a new North American racing team on the horizon. The Dilawri dealership group and Rossocorso Racing, known for its role in Ferrari Challenge Europe, are teaming up to form the new team: Dilawri Rossocorsa. The new team will be racing in the U.S. and Canada during the 2024 Ferrari Challenge North America and Club […] [Read More]

Canadian Black Book is seeing a pretty poor level of sales rate in the auctions right now, and they are monitoring this data daily and adjusting values on a weekly basis. “But if nothing's converting to an actual transaction, nothing's moving out there, and that's causing the sellers to hopefully bring down their prices. But they're kind of fixated on not doing that,” said Daniel Ross, CBB's senior manager of industry insights and residual value, in an interview with Auto Remarketing Canada. Instead, dealers are trying to ... [Read More]

The Toyota Lexus Minority Owners Dealership Association renewed its partnership with The Salvation Army with its fourth Day of Service to provide food for families in need across the country during the Thanksgiving break. The association said 33 Toyota and Lexus dealerships across the nation distributed more than 3,400 food boxes on Nov. 18 to […] [Read More]