AutoTrader.com revealed to Auto Remarketing Friday afternoon that it is acquiring vAuto. vAuto founder Dale Pollak believes this is the right move for his company. Though AutoTrader.com did not share any terms of the acquisition, it did note that vAuto will be a subsidiary and will retain its management team, current headquarters in Oak Brook, […] [Read More]

If you’re already noticing AutoRemarketing.com looks tremendously different, that is because we launched a brand-new site to benefit all segments of the industry. Cherokee Automotive Group, the publishers of Auto Remarketing and SubPrime Auto Finance News, has now rolled out a completely revamped version of AutoRemarketing.com to include several new features, such as RSS feed, […] [Read More]

ADESA Analytical Services believes both consumers and dealers may be “pushing back” on what they view as high used-vehicle prices at the retail and wholesale level. Why? ADESA’s Tom Kontos attributed the likelihood to trends he shared in previous monthly reports, too. “New-vehicle sales may be benefiting from high used-vehicle prices — both from substitution […] [Read More]

Along with some website modifications, the Hertz Rent2Buy program expanded to incorporate four more states late last week, bringing the total number of locations to 22 states nationwide. States that now offer Hertz Rent2Buy are Minnesota, Nevada, Oklahoma and Oregon. The program already was in operation in Alabama, Alaska, California, Colorado, Connecticut, Florida, Georgia, Hawaii, […] [Read More]

Late last week, BMW Group shifted its manager of pre-owned sales into another executive role as the result of the unexpected death of one of its vice presidents. Russ Lucas’ new position effective Oct. 1 is as the automaker’s new vice president for the Eastern Region. The company indicated Lucas’ overall responsibilities will include sales, […] [Read More]

Consumers seem to be noticing the availability of used hybrid SUVs and hybrid crossovers and apparently have found them to be attractive options, as these two segments were among the biggest gainers during August in terms of used-car shopping activity growth on Kbb.com, according to Kelley Blue Book’s inaugural Hot Used-Car Report. In fact, hybrid SUVs […] [Read More]

Autobytel said late last week that it has purchased Cyber Ventures and Autotropolis, which are two co-owned companies out of Tampa., Fla., that produce and sell auto shoppers’ purchase requests by utilizing proprietary content and search-marketing capabilities. Autobytel’s leadership expects the acquisition could provide as much as a 150-percent lift in internally generated purchase requests […] [Read More]

The Auto Remarketing Canada conference is returning to Toronto this spring after calling Montreal home for the last two events, organizers announced this morning, revealing the official dates and location for the 2011 conference. Auto Remarketing Canada 2011 will be held from April 12 to April 14 at the Hyatt Regency Toronto. CarProof is once […] [Read More]

Canadian wholesale prices had been sluggish for five straight months, but in August, that "finally" changed, thanks mostly to resale levels, according to analysis of the latest ADESA Canada Used Vehicle Price Index. More specifically, ADESA's data — powered by ALG Canada — indicated that the index showed a 0.6 percentage-point month-over-month hike in August. This was […] [Read More]

RouteOne Canada has added a new company to its online credit application management system. The company revealed earlier this week that TransUnion is now a part of its system. "RouteOne is pleased to welcome TransUnion to the RouteOne Canada platform," said Barry McMillan, President, RouteOne Canada. "Direct access to TransUnion will allow our dealers to […] [Read More]