Just before finishing his time at Used Car Week, CarGurus director of industry analytics Kevin Roberts took a few moments to appear again on the Auto Remarketing Podcast. Roberts shared some tidbits from CarGurus’ upcoming report recapping this year’s used-vehicle market as well as what trends he’ll be watching closely in 2024. The conversation can […] [Read More]

AutoTrader.ca is partnering with London Dynamics for a new online car shopping “experience” using a three-dimensional, 360-degree vehicle viewing process,  allowing shoppers to explore vehicles from every angle. The new AutoTrader Pivot tool is described as a “game-changing immersive and interactive online car shopping experience.” For OEMs and retailers, the companies said Pivot provides a […] [Read More]

Canadian Black Book recently introduced Pulse, a visualization tool designed to help automotive professionals across various verticals gain insights from retail market data to power their business-critical decisions. Pulse aims to make it easier for auto professionals to drill down and benefit from retail market data. Making decisions about buying and selling shouldn’t be so […] [Read More]

Safe-Guard Products’ Canadian operations has a new managing director. Quebec’s Michel Archambault is appointed to the position, bringing over 20 years of experience, nine of which were most recently spent in the auto-finance sector. Safe-Guard, which provides branded protection products for the automotive, RV, powersports and marine industries, says the hire of a local executive […] [Read More]

The results of Sheehy Auto Stores’ 2023 fundraising campaign are in — and they are heartening. The dealer group, which operates 28 dealerships in Virginia, Maryland and Washington D.C., announced its annual “Sheehy Has Heart” campaign raised $341,476 for the American Heart Association to promote heart-healthy living. Sheehy has raised more than $2.6 million since […] [Read More]

Much of ACV Auctions’ third quarter 2023 earnings call on Nov. 6 focused on supply of new and used inventory in the market, with CEO George Chamoun saying, “we have in our planning that the market returns by 2026.” “Normal” and “normalize” were frequently used words during the earnings call, and Chamoun made that 2026 market return comment during the Q&A portion of the earnings call in response to a question on when ACV believes the industry will “normalize.” Chamoun answered with ... [Read More]

Note: After a tumultuous two years, the National Independent Automobile Dealers Association has emerged in 2023 with new leadership and a new outlook. In this three-part series, Auto Remarketing examines the state of NIADA now, the events that led to the transition and what’s ahead in the future. The question was an obvious one. In the Expo Hall of the National Independent Automobile Dealers Association Convention in June, just two days after he had begun his term, Gordon Tormohlen was asked about his first priority as NIADA’s 74th president. “There’s a plan in place,” he replied, “and the first thing is to ... [Read More]

Well, it’s that time of year again. Don’t blink. In this business, it’s sometimes easy to forget everything we should be thankful for and much easier to think of everything that bothers us. Now, it’s time to catch your breath and look at what the automotive industry is truly all about. The hardest thing to […] [Read More]

For dealers looking to save resources on inventory procurement, the latest wholesale price readings from Black Book and Cox Automotive are providing details that might create quite a thankful mood as we approach Thanksgiving. Black Book reported wholesale values decreased 1.48% last week, while Cox Automotive indicated wholesale used-vehicle prices (on a mix-, mileage-, and […] [Read More]

In our industry, we encounter situations like repos and collections calls that can bring us more heartburn than a turkey dinner. With Thanksgiving just around the corner, we thought it would be good to approach this week’s topic with reflection and gratitude. As we gather to give thanks for our blessings and lessons learned, we […] [Read More]