Next up on our series of podcasts from NADA Show 2023 in Dallas is a conversation with Patrick Olsen and Paul Nadjarian of CARFAX. They talked with Cherokee Media Group’s Joe Overby about what’s on the company’s radar for 2023, CARFAX’s top-rated dealers and much more. The podcast can be found in the window below. […] [Read More]

Reputation management and auto dealer review platform DealerRater, which is part of the CARS family of companies, announced its Dealer of the Year Awards on Thursday, recognizing 1,197 stores throughout the U.S. and Canada. DealerRater determined the honorees based on 1.1 million consumer reviews and ratings from car shoppers in 2022. “The Dealer of the […] [Read More]

You could say that Holman is giving itself a technology tune up since its newest executive previously served in a leading role with the company that owns Pep Boys. On Thursday, Holman announced that Jarrod Phipps has joined the company as executive vice president and chief information officer. In his role as chief information officer, […] [Read More]

Work Truck Solutions finalized a pair of moves this week aimed at keeping its presence strong in the commercial-vehicle space. First, Work Truck Solutions expanded its strategic partnership with Crestline Auto Transport, a premier nationwide vehicle shipping and logistics company. Then, Work Truck Solutions launched its updated upfitter software suite, plus released its 2023 upfitter […] [Read More]

Praising its team in the process, Western Funding Inc. (WFI), a subsidiary of Westlake Technology Holdings and part of the Nowlake umbrella, announced record growth in 2022. The company’s five primary highlights from last year include: —73% year-over-year growth in its portfolio —58% year-over-year growth in loans originated —59% year-over-year growth in producing dealers —$2.3 […] [Read More]

The National Auto Auction Association will host the World Automobile Auctioneers Championship at Capital City Auto Auction in St. Albans, W. Va., on May 19, which will be its first time hosting the event since purchasing WAAC  in June. “This prestigious competition draws top auctioneers and ring people from around the country each year and […] [Read More]

To get another perspective on the state of the auction buy-sell environment, Auto Remarketing caught up with Lynn Weaver, executive director of the Independent Auction Group. As an advocate for independent auctions and an expert in industry trends, Weaver said he is definitely seeing larger auction names and digital companies buying up physical independent auctions, […] [Read More]

In the wake of the global pandemic, the past three years have been filled with tragedy, angst and challenges. The reaction to these unprecedented circumstances proved yet again that auto retailers are among the most resilient and resourceful businesspeople on the planet. Somehow, in the most oppressive retail environment any of us can remember, auto […] [Read More]

After wrapping up a “challenging” year, ACV CEO George Chamoun said he is pleased with the company’s most recent quarterly financial results but cautioned that macro factors that hindered its online wholesale auction business in 2022 may not be over. Chamoun said constrained new car supplies and sales, interest rate increases and elevated used-vehicle prices contributed to an 11% decline in retail used vehicle sales in 2022, depressing trade-in volumes and ACV’s wholesale auction listings. Still, he said he is encouraged that ... [Read More]

Grace Huang, who is president of Cox Automotive Inventory Solutions, is back on the podcast, this time from NADA Show 2023 in Dallas. Huang talks with Cherokee Media Group’s Joe Overby about what’s on the company’s radar in the wholesale car market, where technology improvements are needed in remarketing, Manheim’s preparation for electric vehicles and […] [Read More]