After falling by an average of over 1% the week prior, wholesale vehicle price depreciation was steady the week ending Jan. 13, according to the latest report from Canadian Black Book. The report said prices last week fell 0.51%. In the last week of 2023,  they depreciated 0.55%. As for the past week, CBB said […] [Read More]

Young car buyers want it all. According to the 2024 Embedded Auto Insurance Study, conducted by embedded automotive insurance marketplace Polly, Millennials and Generation Z consumers don’t want to just shop for insurance — they want insurance to be part of the car-buying process. The survey of more than 1,000 consumers who had purchased a […] [Read More]

The 2024 J.D. Power Auto Summit, set for Feb. 1 in Las Vegas just ahead of NADA Show 2024, will arm attendees with a better view of how to attack and stay competitive in today’s ever-changing auto industry, event organizers say. Auto Remarketing spoke with Doug Betts, president of the automotive division of J.D. Power, […] [Read More]

Dealer Services Network (DSN) announced its second acquisition so far this month. On Tuesday, the technology-enabled provider of title and registration services acquired Express OMV, further strengthening its position in the private tag agency space. With this strategic move, DSN has expanded its network of tag agency locations to 18 across Louisiana, reaffirming its commitment […] [Read More]

Repair OnDemand, a provider of vehicle-side repair technology, announced it will launch new tools at the upcoming NADA Show 2024 in Las Vegas that “represent an end-to-end solution” for reconditioning, allowing dealers to diagnose and clear codes, “master reconditioning with a seamless workflow, and harness Repair OnDemand’s network of 16,000 mobile technicians to complete the […] [Read More]

Black Book has joined with automotive software provider AlgoDriven to integrate Black Book’s vehicle valuations, VIN decoding and retail market data into AlgoDriven’s vehicle appraisal tool, EvalExpert, as AlgoDriven prepares to expand into the U.S. market. The companies said Black Book’s data offers EvalExpert users real-time insights into current vehicle values and market trends, enabling […] [Read More]

The Tesla Model 3 was the No. 1 electric vehicle choice among Carvana’s customers in 2023. Just like in 2022 and 2021. The Model 3 continued its dominance over the sector in the online used-car retailer’s annual list of its 10 best-selling EVs. And, like last year, it was followed by the Nissan LEAF, Tesla […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a presentation and discussion with Holly Balogh and Stamatis Ferarolis of RISC titled, “Improve Repossession Percentages Through Managed Direct Compliance.” Listen to the episode in the window below. [Read More]

On Tuesday, RouteOne introduced what it called RouteOne On-Demand, a suite of application programming interface (API) services that are designed to power enterprise-level digital retailing solutions. The company highlighted RouteOne On-Demand can enable the digital future of automotive retail with “unparalleled efficiency, flexibility, and customization capabilities to help deliver a modern, secure, compliant, and consumer-centered […] [Read More]

This week, Alfa rolled out the second of six technology releases that make up Alfa Systems 6, what the company called a “breakthrough” iteration of the Alfa Systems software platform. The second piece is Total Originations, which the company said is an advanced originations product designed specifically for the U.S. auto finance sector. Covering direct […] [Read More]