Since the COVID-19 pandemic hit in early 2020, the talk has been of tight used-car inventory, new-vehicle production shortages and high prices for both used and new. The tides are finally turning, albeit slowly. That said, inventory acquisition for used inventory is still an issue for many dealers.  And trade-in appraisals, reconditioning costs and valuation […] [Read More]

Winning strategies in a digital-first wholesale world: that will pique the interest of dealers, especially in this difficult pre-owned retail environment. If that’s you, consider attending the Cox Automotive session exploring the topic at this week's NADA Show 2023 in Dallas.  Auto Remarketing spoke with both session leaders: Connie Suozzo, Cox Automotive’s vice president of Manheim […] [Read More]

Electric vehicles. Yes, the market is growing. And the overall EV market bears considering. But what does the used-vehicle market EV look like? What does the data show? What is changing, and is it expanding? That’s what Auto Remarketing considers here as we preview an upcoming session at the NADA Show 2023 in Dallas, from […] [Read More]

Amid predictions that used-vehicle prices and sales are poised to fall, dealers should start the new year resolving to keep a close eye on their used inventory and resist the urge to stock more vehicles than they typically sell in a rolling 30-day period — with a few exceptions. That enables them to “buy and […] [Read More]

The last time the National Automobile Dealers Association held in annual convention in Dallas, Deion Sanders — arguably the NFL’s most electric and versatile player at the time — was mere months away from signing with the city’s beloved Cowboys. Some 28 years later, Sanders is now the head football coach at the University of […] [Read More]

Vehlo, which provides software and financial solutions for the auto repair industry, has purchased Rapid Recon and Velocity Automotive. The acquisition of the two software providers extends Vehlo’s fixed ops customer experience products beyond the customer-pay side of the business. Its existing fixed ops customer experience products include Dealerlogix, Service Lane eAdvisor and Text2Drive. Terms […] [Read More]

Manheim has acquired the undercarriage imaging technology of Synthetik Applied Technologies, the auction company said Monday.  Manheim partnered with Synthetik in 2022, installing close to 40 of its undercarriage imaging devices at 26 of its auctions and captured some 500,000 images. The devices are affixed to the ground and take digital photographs of a vehicle’s […] [Read More]

NCM Associates president and CEO Paul Faletti has joined the board of advisors at Privacy4Cars, the latter said Thursday. In addition to his time with NCM, Faletti’s experience includes executive posts at BMW Group, Jaguar Cars and Maserati NA. “Paul has visibility into a highly valued and expansive dealer network,” Privacy4Cars founder and CEO Andrea […] [Read More]

CarNow has hired former Meta executive Bob Lanham as senior vice president of manufacturer relations, the company announced Thursday. Lanham was most recently head of automotive retail at Meta. His background also includes time with Microsoft, Yahoo, Hulu and Shazam. “Throughout my career I’ve partnered with many dealer platforms, and CarNow consistently topped the list […] [Read More]

During the same week as S&P/Experian Consumer Credit Default Indices noted the December auto reading, the newest analysis Kroll Bond Rating Agency (KBRA) revealed more performance softening based on data from the securitization market. KBRA said December remittance reports showed mixed credit performance across securitized prime and non-prime auto pools during the November collection period. […] [Read More]