Could wholesale vehicle values be headed for a downward slope? Perhaps, says Black Book. For the week ending Saturday, wholesale prices climbed once again, rising 0.20%, but the increases have slowed in recent weeks, the company said in Tuesday’s Market Insights report. Not to mention, seven of the 22 vehicle segments that Black Book tracks […] [Read More]

KAR Global is rebranding as OPENLANE, the company said Tuesday afternoon. The corporate name change will be effective May 15. OPENLANE, which has been part of KAR’s digital offerings for over a decade, will now be both the name of the parent company and the go-to-market brand for its digital marketplaces throughout the U.S., Canada […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Amity Smith, who is remarketing strategy & business management director at J.P. Morgan Chase. What is the top trend you’re watching in remarketing/wholesale automotive […] [Read More]

In a deal involving two Texas groups, Doggett Automotive Group has purchased Kinsel Toyota and Kinsel, Ford Lincoln and Mazda from Kinsel Motors, according to a news release from Kerrigan Advisors, which represented Kinsel in the transaction. Kinsel is based in Beaumont and Doggett is based in Houston. “We were honored to work with the […] [Read More]

Todd Caputo, president of Todd Caputo Consulting, joins the show from last month’s Auto Intel Summit in Raleigh, N.C. Caputo talks with Cherokee Media Group senior editor Joe Overby about how dealers can correct bad habits, keys to standalone used-car store success and much more. The full conversation can be found in the window below. […] [Read More]

At last month’s Auto Intel Summit in Raleigh, N.C., Cherokee Media Group senior editor Joe Overby sat down with Jason Ferreri, executive vice president of customer solutions at KAR Global. Jason and Joe discuss digital remarketing strategies, wholesale vehicle volumes, the integration of KAR’s BacklotCars and CARWAVE platforms and more. The full conversation can be […] [Read More]

AutoNation will have a new chief marketing officer on May 15. Hired for the role is former Macy’s executive Richard Lennox, who will report to AutoNation CEO Mike Manley in the new post. Current chief marketer Marc Cannon will retire at the end of 2023, but will serve in a new role focused on corporate […] [Read More]

Here’s another option for franchised dealers to generate revenue either via an F&I product or in the service lane. Radiant Ride, specialists in professional cosmetic restoration services and customer retention, announced the launch of its certified dealer network for franchised dealership service departments. The company highlighted on Monday that participating dealers are certified to provide […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Emma Weisberg, who is chief marketing officer at EBlock. What is the top trend you’re watching in remarketing/wholesale automotive this year? The blending of […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Melissa Miller, marketing director at America’s Auto Auction. What is the top trend you’re watching in remarketing/wholesale automotive this year? I believe the trends […] [Read More]