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 luncheon keynote presentation titled, “Biased for Action: Creating Success Through Adversity,” by Lindsay Ciavatonne of CarGurus. Listen to the episode in the window below. [Read More]

Regulators are targeting another dealership over what they dub to be “junk fees,” among other allegations. According to a news release distributed on Thursday, the Federal Trade Commission and the Connecticut attorney general are taking action against Manchester City Nissan (MCN), along with its owner and a number of key employees, for “systematically deceiving” consumers […] [Read More]

In what it’s calling a “strategic transformation,” electric vehicle manufacturer Fisker announced it is developing a new dealer partnership model in North America featuring expanded dealer territories and no-haggle pricing. Previously, Fisker has sold its vehicles in the U.S. directly to consumers online and through its Fisker Lounges in Los Angeles and New York. The […] [Read More]

GROW is growing its reach to help women succeed in the auto remarketing industry. Global Remarketing Opportunities for Women, an organization founded in 2023 to expand the presence and leadership of women in the industry, announced it has established the AutoRemarketHER Exchange, a new series of online events designed to provide mentorship and networking opportunities. […] [Read More]

Automotive 20 Group provider and dealership trainer NCM Associates announced it has acquired Kain Automotive, a provider of training in internet sales, BDC operations and digital marketing. NCM said in a news release the “strategic merger” represents a significant milestone in its growth and a step forward for both companies in delivering “a comprehensive range […] [Read More]

Black Book has bolstered its staff with two new hires and a promotion. The new additions are Eric Lyman as director of captive and OEM solutions, and Tommy Stewart as director of automotive licensing, both of whom have a long history in the auto industry. “Their extensive experience and proven track records in driving sales […] [Read More]

During the last week of 2023, prices remained fairly steady in the auto auction lanes, with an average decline of 0.55%, according to the latest weekly report from Canadian Black Book. That said, none of the 22 segments that CBB tracks saw an increase in value. Cars and truck value movement was balanced, the report […] [Read More]

It’s the end of an era as historic Canadian auto auction Manheim Toronto completed its last sale as 2023 wrapped up. With OPENLANE’s recent purchase of Manheim Canada, the long-standing Toronto auction has closed, as Manheim plans to exit Canada.  Auto Remarketing Canada spoke with auto auction industry veteran Brad Hart to get a sense of the history of Manheim Toronto ... [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 one of the sessions from Dealer Training Tuesday. Glenn Lundy of 800% Elite Auto explained the profitable journey dealerships can take during a session titled, “800% Growth Blueprint: Revitalizing Used Cars […] [Read More]

Total 2023 bankruptcy filings increased 18% year-over-year, but Epiq AACER put that notable rise in context. According to data provided by Epiq AACER on Wednesday, total bankruptcy filings in 2023 came in at 445,186, which was up from the 2022 total of 378,390. While representing a substantial year-over-year increase, Epiq AACER pointed out total bankruptcy […] [Read More]