We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features representatives from High Performance Auto Auctions who discussed M&A and more. The panel included: —David Diedrich of Dealers Auto Auction —Bob McConkey of McConkey Auction Group —Sawyer Walker of America’s Auto […] [Read More]

Black Book announced an integration with peer-to-peer vehicle transaction platform PrivateAuto to give buyers and sellers more visibility into the values of the vehicles on the platform. PrivateAuto is designed to remove the middleman and provide an enhanced level of transparency to the private-vehicle sale process, using proprietary banking technology so buyers and sellers can […] [Read More]

The Cherokee Media Group team wishes you a safe and happy holiday season and a joyous new year. Saturday’s issue of Used Car Weekend will be the final regularly scheduled e-newsletter from our team in 2023 before we take a holiday break. We thank you for your interest, support, readership and feedback this year. The Auto Remarketing e-newsletters will resume […] [Read More]

Autonomy founder and CEO Scott Painter returns to the Auto Remarketing Podcast for a wide-ranging discussion on electric vehicle accessibility and affordability, the insurance industry’s relationship to EVs and car subscriptions, Autonomy’s recent partnerships with Deloitte and others, plus much more. Listen to the conversation in the window below.   [Read More]

Exeter Finance now is leveraging artificial intelligence from Pagaya Technologies to boost underwriting, funding and working relationships with more than 13,000 dealerships in its financing network that often book non-prime paper. By integrating Pagaya’s AI-driven auto product, which includes access to fully automated credit-decisioning technology and real-time funding of contracts originated, Exeter can help dealerships […] [Read More]

It’s literally been a deadly week in the repossession world. American Recovery Association president Vaughn Clemmons recapped in an industry message on Friday that repossession agents were shot and killed in separate incidents in Alabama and California. Clemmons indicated the tragedies raised the number of repossession agents killed while on assignments to seven in the […] [Read More]

ADESA Kansas City took the top prize in Chase Auto’s Chase Cup for Auction Excellence awards. The auction was awarded the Chase Cup for Best National Auction Performance in a Zoom presentation this week. The awards, in their 25th year, recognize auctions for exceptional performance. Chase reviewed 37 auto auctions based on how they handled […] [Read More]

CarGurus  has named Ismail Elshareef, a business veteran with more than 20 years experience in building consumer transaction products and value-added solutions for small and midsize businesses, as its new chief product officer. Elshareef will begin his new position Feb. 1. He’ll be responsible for leading CarGurus’ product strategy and roadmap with a focus on […] [Read More]

Canada’s Policaro Group has donated over $1 million to help children with heart conditions since 2018. The donation to the SickKids Foundation was made through the dealer group’s philanthropic arm, The Policaro Foundation. This donation is the next step in a longstanding relationship with the charity, the dealership said in a press release. SickKids is […] [Read More]

With one automotive economist acknowledging consumers are still feeling “the pinch,” some of the largest businesses in the U.S. now have some optimistic expectations for 2024 fueled in part because interest rates might finally have peaked. The Federal Reserve kept the federal funds rate unchanged at 5.25% to 5.5% when policymakers had their last opportunity […] [Read More]