Fueled in part by strengthening values of compact cars and a Tesla Cybertruck hitting the wholesale market, “February concluded with robust performance,” Black Book said in its latest weekly report. Analysts reinforced their assertion because overall depreciation was just 0.16% during the week that included Leap Day and the first two days of March. Black […] [Read More]

Karma Automotive, a Southern California-based “ultra-luxury” electric vehicle manufacturer, has acquired the technology assets and IP of software company Airbiquity, based in Seattle. Karma said it has also hired Airbiquity’s key technical employees and assumed its OEM contracts. The acquisition gives Karma access to Airbiquity’s connected vehicle systems, including over-the-air updates, software development tools, data […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024 in Las Vegas last month is a conversation with two executives leading the North American marketplaces at OPENLANE: senior vice president Shiv Dutt, who is also the president of the company’s US marketplace; and SVP Trevor Henderson, who is president of […] [Read More]

Auto auction veteran John Tharp has joined Carmigo as its new vice president of sales. Tharp comes to the online marketplace and wholesale platform for dealerships with more than 35 years of experience in the auto industry, most recently as general sales manager of America’s Auto Auction-Baton Rouge. He previously served as national program manager […] [Read More]

While one-third of Americans say they have experienced issues such as deceptive selling, hidden fees or dishonest salespeople at car dealerships, more than three-fourths don’t trust dealerships to be honest about their prices, according to a survey released by KPA, a provider of compliance consulting and training for auto dealerships. The 2024 KPA Dealership Trust […] [Read More]

AutoIMS vice president of client success Ann Cammarata plans to retire effective April 1, the company announced. Cammarata has had a “notable” impact on the company and the remarketing industry during her eight years on staff, AutoIMS said in a news release, adding, “Her leadership has been instrumental in driving AutoIMS’s growth and success.” She […] [Read More]

A familiar name in the subprime auto finance industry now is part of Agora Data. The fintech company — which provides technology, capital and guidance with predictable contract performance and analytics for the subprime space —  announced the appointment of Sharon Mancero as managing director on Tuesday. The company said Mancero joins Agora with “an […] [Read More]

Soon after releasing its full Vehicle Accessibility Report, Open Lending Corp. recognized 20 credit unions and banks on Tuesday through its inaugural Economic Vehicle Accessibility Awards (EVAAs). Executives highlighted the winning banks and credit unions are Open Lending partners that are driving vehicle access through financing opportunities for creditworthy near- and non-prime consumers. The winners […] [Read More]

Without a functioning ignition system, a car’s engine likely won’t start and run properly. Well, without IGNITION — the new dealer compliance certification program recently unveiled by Ignite Consulting Partners — the firm’s experts think that a store or dealership group won’t operate properly, either, without a functioning system to adhere to expanding state and […] [Read More]

Although there may not have been any big surprises this year for the AutoTrader 2024 awards, the company’s editor-in-chief Jodi Lai told Auto Remarketing Canada she was happy to see the Toyota Prius/Prius Prime win for Best Overall Car. “It’s cool because it's the first hybrid and plug-in hybrid that has won this overall category in the AutoTrader awards. The Prius has always been so good. It's always been very reliable and efficient, but it recently ... [Read More]