Ally Financial’s president of dealer financial services will take on additional responsibilities at the beginning of February — at least for the interim. Ally announced on Friday that Doug Timmerman will become the company’s interim CEO on Feb. 1, following the departure of current CEO Jeffrey Brown on Jan. 31. Brown announced in October plans […] [Read More]

In this episode of the Auto Remarketing Podcast, we reconnect with Travis Wools of Protective Asset Protection to recap the company’s latest dealer survey about F&I and more. Wools shared how dealers are approaching traditional F&I activities as well as presenting products when retailing electric vehicles and powersports units. Listen to the episode in the […] [Read More]

Wholesale vehicle prices fell by over 1% last week, according to the latest weekly report from Canadian Black Book. Specifically, the overall decline in prices was 1.06%, with the car segments showing slightly weaker depreciation, falling by 0.67%, while trucks and SUV prices dropped by 1.45%. None of the segments CBB tracks saw any value […] [Read More]

The final tally didn’t break the record set in 2019 or match the rebound year of 2021, but certified pre-owned vehicle sales for 2023 were up nearly 7% and represented one of the strongest years ever for the CPO market. That’s according to Motor Intelligence data provided to Auto Remarketing, which shows there were approximately […] [Read More]

Longtime automotive marketing Shelley Washburn has joined Group 1 Automotive, operator of 199 dealerships in the U.S. and U.K., as vice president of marketing and chief marketing officer. Washburn’s automotive marketing and retail experience covers 30 years, most recently with automotive digital marketing firms Gulf States Marketing as president and Force Marketing as a strategic […] [Read More]

Battery electric vehicles were a tiny percentage of the wholesale market in 2023, but it is a market segment that is forecast to show exponential growth. Auctions are preparing with investment and training for more BEVs to enter their lanes. “We believe EVs are the future,” Stephen Smith, vice president of product and engineering at Cox Automotive, told Auto Remarketing. Manheim, Cox Automotive’s auction division, sold around ... [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 panel discussion moderated by Brian Pasch titled, “10x Your Opportunities to Buy and Sell Cars Using CDPs and AXLE Technology.” The panel also included: Jonathan Lucenay of ClientCommand Derek White […] [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 keynote presentation by Laurie Foster of Foster Strategies Group titled, “How to Optimize, Maximize and Monetize Your Dealer-Provider Partnerships.” Listen to the episode in the window below. [Read More]

Two dealership service providers want stores to be ready for what the Federal Trade Commission is asking them to do, so they formed a new partnership this week. Accelerate2Compliance (A2C) announced the expanded availability of its dealership compliance solutions through a new partnership with NCM Associates, which offers management training, 20 Group peer collaboration, consulting, […] [Read More]

National Credit Center (NCC), a provider of credit, identity verification, compliance, and soft pull solutions, serving dealerships nationwide, welcomed another former Cox Automotive executive to its leadership team this week. The company named Jay Nieman as its chief revenue officer to oversee expansion of the NCC’s existing automotive footprint as well as expansion into other […] [Read More]