OPENLANE announced Tuesday that its ADESA Canada and TradeRev platforms have been integrated into one consolidated OPENLANE Canada marketplace. This follows the rebranding of KAR Global to OPENLANE in May, when the company announced that OPENLANE would be both the name of the parent company and the go-to-market brand for its digital marketplaces throughout the […] [Read More]

Auto Remarketing is proud to celebrate our annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. Honorees will be recognized in the upcoming July issue of Auto Remarketing and at Used […] [Read More]

Electric vehicles continue to gain the acceptance of new-vehicle shoppers — but it’s not happening rapidly, according to a new survey. The J.D. Power 2023 U.S. Electric Vehicle Consideration Study found 26% of shoppers said they are “very likely” to consider purchasing an EV, up from 24% in 2022. The percentage of shoppers who said […] [Read More]

Auction Edge refers to its EDGE Spark technology as “groundbreaking.” Now it has a patent to back that up. The company has been granted a U.S. patent for the method used by EDGE Spark to link and integrate legacy systems with modern apps and interfaces, allowing Spark to serve as a bridge that creates easier, […] [Read More]

Axle, a universal API for insurance data, is getting around to reducing costs for carsharing customers. Axle has announced a partnership with Getaround, the world’s first connected carsharing marketplace, that will enable Getaround guests to bring their own insurance to the platform. The partnership gives customers more flexible protection options and control of their carsharing […] [Read More]

In today’s volatile automotive retail environment, it’s more important than ever for dealers to keep an eye on the money. Simply throwing money at something was never a good plan — now it’s a terrible one! Dealers need to find different, creative ways to generate quality store traffic and market exposure. Often, that means taking […] [Read More]

Leveraging a partnership with digital marketing and media compliance provider Compliant, ComplyNet is launching a new tool that’s already being cheered by the Illinois Automobile Dealers Association. ComplyNet highlighted that AbleAuditor is an automated, intelligent discovery and audit tool that is designed to help dealers comply with various compliance obligations. For example, three key features […] [Read More]

Wholesale vehicle prices are easing, but dealers eager to secure used inventory more affordably should take this news with a grain of salt. In a news release around the company’s latest Manheim Used Vehicle Value Index, Cox Automotive senior manager of economic and industry insights Chris Frey put some context around the 2.7% month-over-month and […] [Read More]

The newest report from Kroll Bond Rating Agency (KBRA) showed not only weaker credit performance based on securitized prime and non-prime auto finance pools, but experts also pinpointed four ingredients that might keep the trend going in that direction. KBRA indicated May remittance reports showed weaker performance during the April collection period. Annualized net losses […] [Read More]

Cox Automotive sees multiple challenges automakers could face if they embark on significant strategies to generate revenue from subscription-type features, also known as Features on Demand (FoD). A trio of North Carolina dealers pointed out even more potential pitfalls for the fellow retailers as well as the OEM’s legal departments. Furthermore, another industry expert gave an example of how Features on Demand could create a quagmire for auto auctions and the wholesale industry, too ... [Read More]