Wholesale vehicle prices in Canada finished 2022 with a steeper decline than what’s typical for the final week of the year, according to the Market Insights report released Tuesday by Canadian Black Book. Specifically, there was a 0.44% decline in used-car prices for the week ending Dec. 31, CBB said. While that was the same […] [Read More]

The Auto Intel Summit returns this spring with a new look, new hotel and a new conference added to the event's lineup. Cherokee Media Group is launching the inaugural National Remarketing Conference Spring Summit, which will be held concurrently with AIS, April 18-20 at the Hilton Raleigh North Hills in Raleigh, N.C. “We’re excited about […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature the Women in Remarketing panel discussion from Used Car Week in November in San Diego. The honorees discuss how they’ve been successful and offer wisdom for younger industry professionals in a conference segment moderated by Kathy Ruble, Ally’s executive director for auto marketing and […] [Read More]

With each passing day, dealers are looking for the next great thing, the latest shiny object, the magic bullet and the secret sauce. The truth is, it’s just not that complicated and that that’s why no one believes it. Somehow, we went from knowing that no two vehicles are the same and each vehicle stands on […] [Read More]

Here’s a potential way to prompt a hesitant buyer to take delivery of that used vehicle. A reconditioning ‘Seal of Approval’ is likely to help auto dealers close more sales, according to a survey of 1,000 potential auto shoppers by Rapid Recon.  When consumers were asked if a reconditioning “seal of approval” would positively affect […] [Read More]

Montway Auto Transport and Auction Direct Transport have merged, Montway announced Wednesday. Montway, which is a third-party logistics brokerage, said adding Auction Direct Transport, which is an auto transport brokerage company, will help the company expand into the auction-to-dealer transport space. This move comes at a time when dealers are turning to auctions outside their […] [Read More]

As automobiles have become more technically connected to the world, the news is filled with apocryphal warnings about virtual carjackers — or maybe car-hackers is a better term. While there are also real issues with new vehicles and cyber security, no automotive business would dream of leaving the keys on the counter, digital or otherwise. […] [Read More]

Edmunds’ newest auto finance data not only showed the growing share of consumers paying at least $1,000 per month for either a new or a used vehicle, experts also cautioned that they “are only seeing the tip of the negative equity iceberg.” Edmunds reported on Wednesday that 15.7% of consumers who financed a … [Read More]

It doesn’t appear the used-car retail market closed 2022 on a particularly high note. According to a forecast released Thursday by TrueCar, December was expected to wrap up with less than 2.5 million used-car sales. That would be a … [Read More]

This special episode of the Auto Remarketing Podcast was recorded during Used Car Week in November and features a conversation about traditionally retail-facing auto companies making a push into the wholesale market, which was one of the major news stories throughout 2022. The panel discussion, moderated by Cherokee Media Group senior editor Joe Overby, includes […] [Read More]