In today’s environment, you hear about far more about mergers and acquisitions in the auction market than the creation of new physical facilities. Often the more popular route for independent auction owners is to sell to larger auction chains or digital auction companies. But Auto Remarketing wanted to see what was on the other side of the coin ... [Read More]

Dealers now have more ways to converse with potential vehicle buyers who prefer online interaction before potentially walking through the showroom doors. Cox Automotive recently announced that it has unlocked more ActivEngage messaging capabilities across several retailing brands and solutions including Autotrader, Accelerate My Deal, Dealer.com and Kelley Blue Book. According to a news release, […] [Read More]

There may not be any sector in the auto industry where reconditioning is more important than the auction business. When cars flow through the physical lanes or online sales, it is key they are in top condition to catch potential buyers’ eyes.  This is especially true as the digital auto auction industry continues to grow at a lightning pace. Strong reconditioning services can put buyers’ minds at ease, even if they can’t kick the tires before making a purchase ... [Read More]

The holidays of Passover and Easter just happened, so perhaps potential spring breaks associated with those celebrations might have influenced what unfolded in the wholesale market last week. That’s part of the analysis provided by Black Book through its newest installment of Market Insights, which noted that wholesale prices rose 0.43% during the week that […] [Read More]

Since launching the Women & Automotive: Canadian Leadership Forum in 2016, Cherokee Media Group has honored and recognized a group of Canada’s auto industry leaders each year through its Women & Automotive: Profiles in Leadership program, which is sponsored by VISA. And we’re excited to announce our 2023 honorees, who will be recognized in the […] [Read More]

In a move that could influence auto finance underwriting, Equifax, Experian and TransUnion jointly announced on Tuesday that medical collection debt with an initial reported balance of less than $500 has been removed from U.S. consumer credit reports. With this change, the companies said now nearly 70% of the total medical collection debt tradelines reported […] [Read More]

Last week along with making a move with Point Predictive, Tricolor announced that it has secured U.S. Patent No. 11,574,362 for its artificial intelligence (AI) interactive tool called Automás. The company highlighted this new tool leverages data across Tricolor’s entire integrated platform to give “the power of self-selection” when choosing and financing a vehicle from […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program, sponsored by Ally, has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. For more than a decade, Women in Remarketing has recognized excellence among the leaders of the […] [Read More]

Artificial intelligence is often bandied about in places such as auto financing. Last week, AutoRevo brought AI to the marketing part of auto retailing. The software provider launched AI Vehicle Description Builder, what AutoRevo sees as an innovative solution that can address the challenges dealerships face in creating engaging, accurate and consistent vehicle descriptions for […] [Read More]

E Automotive Inc., which is the parent company of EBlock and EDealer, said Monday it is voluntarily delisting from the Toronto Stock Exchange. The move has been approved by E Inc.’s board of directors and shareholders and the Toronto Stock Exchange. E Inc. will also launch a substantial issuer bid where the company is offering […] [Read More]