Vroom, which in January said it would be ending ecommerce operations and winding down its used-car retail business, said last week it expects to complete that wind down by the end of the first quarter and that it has sold “substantially all of our used vehicle inventory.” The company, which also reported fourth-quarter and full-year […] [Read More]

Wisconsin-based Kunes Auto & RV Group will be closing its location in Monmouth, Ill., as it consolidates Kunes Chrysler Jeep Dodge RAM of Monmouth with a neighboring Kunes store, the company said. Kunes said it’s making the move “to bring efficiencies to the business,” and said customers from the Monmouth location will still have access […] [Read More]

The biggest name in the rental car business is getting a new leader. Hertz Global Holdings announced Gil West, former chief operating officer of Delta Airlines and General Motors’ Cruise autonomous vehicle unit, will take the reins as its CEO effective April 1. He’ll succeed Stephen Scherr, who the company said has decided to step […] [Read More]

TransUnion is looking to make its tools sharper and easier for clients to use through its new platform for managing, governing, analyzing and delivering data and insights. The company said the OneTru platform connects separate data and analytic assets built for credit risk, marketing and fraud prevention and concentrates them in a single, layered and […] [Read More]

Perhaps artificial intelligence isn’t quite yet the silver bullet to solve all challenges within auto financing and retailing. The latest snapshot survey of auto dealers and finance companies orchestrated by eLEND Solutions found that 90% believe that AI-based pricing is contributing to inaccurate online payment quotes. The majority also said that’s having an adverse impact […] [Read More]

In late January, Black Book introduced Battery Adjusted Values, which it says are the industry’s first electric vehicle valuations. The valuations incorporate battery condition adjustments based on data from Recurrent, a provider of EV analytics. At NADA Show 2024 last month, Cherokee Media Group’s Joe Overby connected with Marko Iljadica of Recurrent as well as […] [Read More]

Used-car supply is rising at the lower end of the pricing scale – but those cars are getting older. Cars Commerce’s Industry Insights Report for February found the overall supply of used cars was up 2.4% year-over-year, but for vehicles priced less than $30,000, it shot up 7.5% from the same month in 2023. That […] [Read More]

Almost seven years ago to the day (March 16, 2017), Cherokee Media Group’s Joe Overby was in Chicago to record what would end up being the first-ever episode of the Auto Remarketing Podcast. The guests? Kayne Grau, the co-founder and then-CEO of DRIVIN, and his colleagues John Manganaro and Justin Mahlik. A few trips around […] [Read More]

Petra Automotive Products launched a new awards program, designed to increase retention in sales and service for dealerships nationwide. The company said Petra Advantage Rewards provides dealerships with “a fully white-labeled experience to create a strong ‘why buy here’ message for customers.” The program provides an app, a rewards and recognition point program that automatically […] [Read More]

Bob Sight Auto Group has acquired Dale Willey Automotive in Lawrence, Kan., from Greg Maurer, according to Performance Brokerage Services, which brokered the sale. The longstanding Kansas City-area operation, founded in 1970, includes Honda and Chrysler Dodge Jeep Ram stores. Maurer joined the ownership group in 1998 and became sole owner in 2014. Bob Sight […] [Read More]