Work Truck Solutions finalized a pair of moves this week aimed at keeping its presence strong in the commercial-vehicle space. First, Work Truck Solutions expanded its strategic partnership with Crestline Auto Transport, a premier nationwide vehicle shipping and logistics company. Then, Work Truck Solutions launched its updated upfitter software suite, plus released its 2023 upfitter […] [Read More]

Praising its team in the process, Western Funding Inc. (WFI), a subsidiary of Westlake Technology Holdings and part of the Nowlake umbrella, announced record growth in 2022. The company’s five primary highlights from last year include: —73% year-over-year growth in its portfolio —58% year-over-year growth in loans originated —59% year-over-year growth in producing dealers —$2.3 […] [Read More]

The National Auto Auction Association will host the World Automobile Auctioneers Championship at Capital City Auto Auction in St. Albans, W. Va., on May 19, which will be its first time hosting the event since purchasing WAAC  in June. “This prestigious competition draws top auctioneers and ring people from around the country each year and […] [Read More]

To get another perspective on the state of the auction buy-sell environment, Auto Remarketing caught up with Lynn Weaver, executive director of the Independent Auction Group. As an advocate for independent auctions and an expert in industry trends, Weaver said he is definitely seeing larger auction names and digital companies buying up physical independent auctions, […] [Read More]

In the wake of the global pandemic, the past three years have been filled with tragedy, angst and challenges. The reaction to these unprecedented circumstances proved yet again that auto retailers are among the most resilient and resourceful businesspeople on the planet. Somehow, in the most oppressive retail environment any of us can remember, auto […] [Read More]

After wrapping up a “challenging” year, ACV CEO George Chamoun said he is pleased with the company’s most recent quarterly financial results but cautioned that macro factors that hindered its online wholesale auction business in 2022 may not be over. Chamoun said constrained new car supplies and sales, interest rate increases and elevated used-vehicle prices contributed to an 11% decline in retail used vehicle sales in 2022, depressing trade-in volumes and ACV’s wholesale auction listings. Still, he said he is encouraged that ... [Read More]

Grace Huang, who is president of Cox Automotive Inventory Solutions, is back on the podcast, this time from NADA Show 2023 in Dallas. Huang talks with Cherokee Media Group’s Joe Overby about what’s on the company’s radar in the wholesale car market, where technology improvements are needed in remarketing, Manheim’s preparation for electric vehicles and […] [Read More]

In another episode from NADA Show 2023, DAS Technology co-founder and CEO Alexi Venneri discusses the rebrand from Digital Air Strike, the company’s new lender partnership, electric vehicles, entrepreneurship and growth, and much more. To listen to the conversation, click on the link available below. Download and subscribe to the Auto Remarketing Podcast on iTunes. Stay […] [Read More]

A couple of weeks after finalizing a $5.3 million seed round, Gauge landed some technology resources to boost its online auction for dealers to buy used vehicles from consumers. According to a news release, Gauge announced on Thursday that it has selected Ravin AI’s artificial intelligence technology to speed up and increase consistency of car […] [Read More]

The owner of a Houston buy-here, pay-here dealership is getting in the full-service marketing and consulting business, too. Kendra Brown, a native Houstonian and owner-operator of a BHPH dealership, recently founded The Dream Team Media Company alongside a team of experts with years of experience in analytics, marketing and paid media management. The company aims […] [Read More]