On Tuesday, the Standards for Technology in Automotive Retail (STAR) announced the publication of what the organization believes is the first sales process standards API and multiple updates to the STAR6 XML standards for retail automotive. STAR said these standards can assist dealers and vendors alike in streamlining the data necessary in automotive’s ever-changing industry […] [Read More]

Performance Brokerage Services recently helped to facilitate two more dealership transactions in the Midwest. The M&A firm announced this week the sale of Haasz Auto Mall of Dalton in Ohio from Kevin Haasz to John and Joe Sarchione of Sarchione Automotive Group. Performance Brokerage Services also highlighted the sale of Genthe Honda in Southgate, Mich., […] [Read More]

Black Book reported that wholesale values rose another 0.27%, and the estimated average weekly sales rate remained at 50% last week. The trends prompted analysts to consider how much longer the spring market will continue. Or if perhaps it’s already finished. Here’s Black Book’s summation included in its Market Insights released on Tuesday. “Last week, […] [Read More]

We begin this auction news roundup in Connecticut, where Central Auto Auction said this week it has hired a national remarketing manager. Appointed to the role is Tanner Litowski, who has been in the car business for 12 years. His most recent role was running a sales department at a domestic franchised dealership. Litowski’s tasks […] [Read More]

Why is it that it can sometimes takes dramatic events to cause real change? Are we stubborn, arrogant, greedy — or just slow to change? Take, for example, the sales and service relationship in a typical auto dealership. With rare exception, sales and service not only don’t communicate, but they don’t even like each other. […] [Read More]

A consumer survey released by MINI USA on Friday found that nearly half of U.S. consumers plan on going electric with their car purchase by 2028. And some used-car shoppers, it appears, are already jumping in. CarMax said in its Spring 2023 CarMax Electric Vehicle Consumer Report released Monday that search volume for the term […] [Read More]

J.D. Power Valuation Services and Work Truck Solutions each shared insights about what’s happening in connection with commercial vehicles within both the wholesale and retail segments. Beginning with J.D. Power Valuation Services’ look at auction activity in March, analysts said sales volume with commercial units increased notably, with most trucks sold showing higher-than-average mileage. As […] [Read More]

Times are changing. That’s true for the entire auto industry. And it’s no different for the reconditioning segment. Auto Remarketing spoke with a collection of recon and auction leaders to get the pulse on today’s challenges and opportunitites in the segment. The year kicked off with ... [Read More]

Most industries today have felt the pains of an across-the-board labor shortage after the COVID-19 pandemic wreaked havoc on industries across the board. The labor shortage in the reconditioning and service departments was a challenge long before the outbreak of the COVID pandemic. This just made it even worse. That’s apparent from Auto Remarketing’s conversations with recon execs and leaders in March, who all vocalized how difficult it is to find quality recon workers that have the potential for long-term employment. Many candidates ... [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 Jennifer Orvik, who is Ford account manager, Pacific Northwest at McConkey Auction Group/DAA Northwest. What is the top trend you’re watching in remarketing/wholesale automotive this […] [Read More]