Steve Levine of Ignite Consulting Partners returns for another visit on the Auto Remarketing Podcast. This time, Levine highlights the potential benefits dealers can get from going to Las Vegas at the end of April for BHPH United, an intense, three-day education event. The podcast can be found in the window below. [Read More]

Cox Automotive and Edmunds experts explained the potential intensifying challenge for dealerships and finance companies to get consumers the credit they might need to take vehicle delivery amid the rising interest rate environment. A situation that even the Federal Reserve acknowledged to become even more complicated when policymakers unanimously chose to raise the target range for the federal funds rate to 4.75% to 5%. “Since our previous meeting, economic indicators have generally come in stronger than expected, demonstrating greater momentum in economic activity and inflation,” chair Jerome Powell said after the Fed announced its latest rate increase on Wednesday. “We believe, however, that ... [Read More]

Holman has named a vice president of sales for its Canadian fleet and mobility division, hiring Eric Attias for the role. Attias’ most recent post was as head of underground mining operations for Toromont Cat, which is one of Catepillar’s largest dealers. “Eric’s extensive leadership experience and operational fleet expertise combined with his profound understanding […] [Read More]

Wholesale vehicle prices closed 2022 having declined sequentially for seven months in a row, reaching at average of $14,316 for December, which was down 0.9% month-over-month and 11.8% year-over-year, according to ADESA chief economist Tom Kontos’ analysis of the market. Since then, Kontos said by phone Wednesday, wholesale prices have risen approximately $1,500, as values so far in March are around $15,500. But dealers are ... [Read More]

On Wednesday, RoadRunner Auto Transport introduced artificial intelligence  and machine learning to optimize planning and pricing for vehicle shipping. The company highlighted AI and ML will significantly reduce delays and improve the cost and efficiency of the vehicle shipping process. Through a news release, RoadRunner explained that its AI and ML algorithms can analyze real-time […] [Read More]

The National Auto Auction Association is hosting an industry standard training session next month at Greenville Auto Auction that will delve into damage analysis and condition reports. The course, set for April 11-12 in Greenville, N.C., will include the following topics, NAAA said: Condition report-related disclosures and announcements for buyers and sellers Imaging and best […] [Read More]

A new platform designed to help take care of the many moving pieces involved in an online used-car sale is set to launch Wednesday. And in addition to announcing its debut, Caramel — a used-car checkout platform that aims to make online sales easier for private parties and independent dealers — said it has secured […] [Read More]

Jessica Stafford, senior vice president of consumer solutions at Cox Automotive, returns to the Auto Remarketing Podcast for an enlightening conversation on gender equity in the auto industry. In an interview with Cherokee Media Group’s Joe Overby, Stafford shares her perspective on the progress that has been made in recent years and where improvement is […] [Read More]

Cue the theme music from the “The Jeffersons” as a backdrop for the current wholesale market. Prices and sales rates are “movin’ on up!” Black Book recapped in its newest installment of Market Insights that wholesale values rose another 0.49%. For context, analysts noted that the average movement during the same weeks in 2017-2019 was […] [Read More]

February marked the third straight month of year-over-year declines in wholesale vehicle prices in Canada, according to analysis around the latest Used Vehicle Retention Index from Canadian Black Book. The index came in at 157.9 for the month, which was down 0.2 month-over-month and fell 3.5% from February 2022. In January, the index was at […] [Read More]