In this wide-ranging conversation at Used Car Week last month in San Diego, Forrest Dougan — who is senior director of business intelligence at KAR Global — talks with senior editor Joe Overby about dealers using data in wholesale decision-making and where data science is headed next. Plus, Dougan, who worked at Zillow prior to […] [Read More]

LeasePlan USA and Wheels Donlen have completed their merger. Athene Holding Ltd. was the lead investor in the transaction and is the majority shareholder of the combined company. Leading the combined company is CEO Shlomo Crandus, while Matt Dyer — who had been CEO of LeasePlan USA — will be president and a board member. […] [Read More]

America’s Group CEO Cam Hitchcock plans to step down from his post and retire from the company on Dec. 31, the auction group said Thursday. Executive vice president and chief revenue officer Chuck Tapp will become CEO. XLerate Group acquired the America’s Auto Auction group late last year and rebranded the 16 XLerate auctions with […] [Read More]

In another episode of the Auto Remarketing Podcast originating from Used Car Week 2022, Stephane Ferri and Lauren Donalson of PureCars discussed the most interesting and successful dealership advertising campaigns they’ve seen this year. And the PureCars pair also gave a glimpse of the new solutions the company is set to launch in 2023. To […] [Read More]

With used-vehicle prices easing a bit, the amount of risk that finance companies are absorbing into their portfolios is starting to abate a bit, too. According to Experian’s State of the Automotive Finance Market Report: Q3 2022, the average amount financed to deliver a used vehicle during the third quarter came in at [Read More]

PAVE, which is an automated vehicle inspection platform, announced earlier this week that online auto retailer CarDoor is now using the company’s platform to promote  greater transparency in consumers’ at-home vehicle inspections. PAVE’s digital inspection technology allows consumers to take photos of their vehicles and generate condition-adjusted trade-in and sale values. Shortly after the consumer […] [Read More]

Cherokee Media Group recognized its 2022 Used Car Awards winners, an overall program sponsored by KAR Global, at Used Car Week in November. The conference was held Nov. 14-17 at the Manchester Grand Hyatt in San Diego. Spotlighted during the Used Car Awards Luncheon, also sponsored by KAR, were the following: CPO Dealer of the […] [Read More]

As the holiday season gets rolling, companies in the auto retail space are giving back to their communities and helping those in need.  Auto Remarketing will keep tabs on these endeavors and share them in coming weeks. Starting with Step One Automotive Group, the retailer kicks off its 25 Days of Giving program on Thursday, when it will […] [Read More]

Used-car sales this month are likely to be consistent with October’s figures, but fall 13% year-over-year, according to a forecast released Wednesday by TrueCar. The company is projecting just under 3 million used-car sales for the month. Looking at other pre-owned data points from the report, TrueCar said used-car deals had an average interest rate […] [Read More]

Think you and your dealership have the best phone skills, not just in your market, but perhaps nationwide? Well, Car Wars is now offering you a chance to prove it. This week, the call tracking and phone handling solution for automotive dealers announced a new annual dealership award program. Car Wars’ Dealership CRISP Award program […] [Read More]