Carvana’s same-day vehicle delivery service, launched last summer, has continued its rapid expansion into 2024. The online used car retailer announced today that it is bringing the service to the Sacramento, Calif., area, making the state’s capital the latest market to offer delivery within hours of an online purchase of select vehicles. The company said […] [Read More]

The 2024 AutoTrader Awards, which celebrate some of the “best vehicles for Canadians,” honored five Grand Prix winners this year for the country’s most-trusted vehicles. That’s according to some of the country’s leading auto experts, as well as Canadian car shoppers. The five Grand Prix winners and their electric counterparts, if available, for the 2024 […] [Read More]

Wholesale Express is under new ownership — and set to expand its Eastern Canada business further across the country. The wholesale auto sales site for dealers has been purchased by an investor group made up of management and AshMark, and supported by CIBC, Highcrest Capital and Andy Le and John Konop, the company said in […] [Read More]

Despite tighter credit availability and one view of delinquencies showing them higher now than before the pandemic, at least one consumer-driven economic reading showed that people are eager to buy a car. In this economic roundup from three different sources, Cox Automotive chief economist Jonathan Smoke on Monday summarized a pair of consumer sentiment readings. […] [Read More]

Consider the landscape for used-only vehicle retailers just three years ago. Vroom, which launched its initial public offering in June 2020, made its Super Bowl advertising debut in February 2021, followed by a return trip a year later alongside rival Carvana, which joined the commercial action for Super Bowl LVI. Shift announced plans to go public through a special purpose acquisition company (or “SPAC”) in June 2020, a move that was completed in October of that year.  CarLotz, a “retail remarketing” platform, would announce its own SPAC plans that same October. Momentum was strong, amid a pandemic-driven white-hot market for pre-owned cars. Some three years later, however ... [Read More]

Fisker’s shift to a dealership model is beginning to take shape. The electric vehicle manufacturer announced it has signed four dealer partners in the U.S. — Mills Automotive Group, Ourisman Fisker, Classic Fisker and Long Island Fisker. The new dealerships will begin selling Fisker’s electric Ocean SUV from seven locations in six states. Mills, which […] [Read More]

Continuing our series of conversations from NADA Show 2024 earlier this month in Las Vegas, Car Pros Automotive Group CEO Matthew Phillips joins the Auto Remarketing Podcast. Phillips and Cherokee Media Group’s Joe Overby discuss the advantages of the franchise dealer model, the move by some EV makers to launch dealerships, standalone used-car stores, the […] [Read More]

Carfluent, a provider of artificial intelligence-driven software to create bilingual vehicle listings for dealerships, has introduced a bilingual car-shopping assistant named Tory. Tory is designed to enhance the shopping experience of Spanish-speaking customers, making it faster and more intuitive. The company said it simplifies vehicle discovery and acts as an entry point to Carfluent’s comprehensive […] [Read More]

Last week, DriveSmart launched its first mobile app — GoDriveSmart — for iOS and Android devices. The vehicle service contract administrator highlighted the app offers users access to all perks of their vehicle service contract in one space, including 24/7 roadside assistance. GoDriveSmart also has a map view of in-network repair facilities that can allow […] [Read More]

CallRevu, a provider of automotive call monitoring systems, announced the launch its Center of Excellence, which the company said will “redefine innovation and customer satisfaction benchmarks in the sector.” CallRevu said the new COE illustrates its mission to blend advanced technology with strategic partnerships with a tech-agnostic philosophy that prioritizes the integration of “top-quality, scalable […] [Read More]