The softening in the Manheim Used Vehicle Value Index at August’s halfway point has slowed from July’s declines, according to an analysis released by Cox Automotive last week. The mid-month reading of the index was 212.0, which was up 0.1% from July and a 7.8% decrease from the full month of August 2022, when adjusting […] [Read More]

More than 4,000 Tesla drivers in California are using an electronic license plate on their vehicle, according to the creator of the RPlate digital license plate. Reviver, a technology company that developed the RPlate technology, said Tesla is the No. 1 vehicle brand among users of the digital plate. “Tesla is a truly iconic brand […] [Read More]

Longtime SaaS executive and entrepreneur Ben Chodor has been named CEO of automotive communications intelligence platform CallRevu. “Ben’s dedication to empowering both our team and clients underscores his suitability for the CEO role,” CallRevu executive chairman Brendan Reidy said in a news release. “His leadership will undoubtedly steer CallRevu toward continued success.” Chodor comes on […] [Read More]

Vehicle subscription company Flexcar is now offering delivery to customers in Massachusetts. The company said its delivery service covers more than 75% of the state’s ZIP codes and is immediately available for drivers in the region who currently use Flexcar as well as new customers. “Massachusetts drivers love Flexcar’s subscription-based alternative to car ownership, and […] [Read More]

Paul Lips had a long, successful career with ADESA and its former parent company (then KAR Global, which rebranded as OPENLANE this year) that spanned more than 25 years and included numerous accolades. But in the midst of all that, Paul Lips actually had a different career goal in mind, an aspiration he confessed one day while talking to Frank Hackett, then CEO of the National Auto Auction Association. “I told Frank probably 10 years ago, ‘Hey, if the timing works out, I’d love to run the association if you ever retire,’” Lips said. That dream ... [Read More]

After a slow 2022, the certified pre-owned vehicle market is “hotter than expected” and continues to outpace year-ago figures by 7% so far in 2023, according to a Data Point report from Cox Automotive. July was particularly hot for CPO, as the monthly tally of 231,128 sales eclipsed July 2022 figures by 12% and marked […] [Read More]

Auto manufacturers, dealers and more have stepped up with donations and other relief programs in the wake of the devastating wildfires on the Hawaiian island of Maui, which according to the latest estimates, have left more than 100 dead, 1,000 or more still missing and more than $1 billion in property damage. Korean automakers Kia […] [Read More]

In this episode of the Auto Remarketing Podcast, longtime auto industry analysts Alain Nana-Sinkam and Eric Lyman join the show to discuss their new venture called “Remarkit Automotive,” an automotive advisory firm. In addition to explaining the firm’s origins, Nana-Sinkam and Lyman also delve into the evolution of vehicle forecasting, projections for the electric vehicle […] [Read More]

OEMs continue to pump out new electric vehicle models, and supply of some of the legacy models is backing up as new-car inventory continues to expand slowly but surely. Although Canadian consumers are leaning toward smaller vehicles due in part to high prices and interest rates, as well as gas prices and environmental concerns, there could be a shift in the near future. With the rise of electric SUVs becoming more commonplace, this could help ... [Read More]

Vehicle sourcing platform Carbly has launched Market Tracker, a product designed to empower auto dealers with critical real-time insights into their regional used car retail market. Carbly CEO Scott Roth said the new tool “draws on Carbly’s massive dataset of retail vehicle data” to give dealers important observations and see trends they might otherwise miss. […] [Read More]