Next up in our series of Auto Remarketing Podcast episodes from NADA Show 2022 in Las Vegas, senior editor Joe Overby talks with CARS chief executive officer Alex Vetter. Their discussion dives deeper into the Accu-Trade purchase, the dealer reaction and why the deal made sense. Plus, Vetter shares his thoughts on some of the […] [Read More]

TransUnion senior vice president and automotive business leader Satyan Merchant spent some of his time at the Vehicle Finance Conference hosted by the American Financial Service Association last week in Las Vegas discussing the growing credit vertical known as buy now, pay later. In this episode of the Auto Remarketing Podcast, Merchant explained how data […] [Read More]

Spiffy has landed a $10 million investment from Edison Partners that extends its Series B funding of $22 million announced last fall. The new investment bumps the Series B to $32 million and gives Spiffy additional capital to expand geographically and for recruiting. The on-demand car care, tech and services company has grown in the last […] [Read More]

UPDATED: Story has been updated to correct start date of Lev Peker. CarLotz announced on Tuesday afternoon that the last day of employment for co-founder and chief executive officer Michael Bor will be Wednesday. The company also appointed Lev Peker as its new CEO, who will be taking on the role effective April 18. The company […] [Read More]

What a wild season for the used-car market. In the latest of a string of M&A developments, new entrants to the wholesale market and moves that have generally shaken up the pre-owned landscape, Shift announced Tuesday that it has signed a deal to acquire certain assets of Fair Technologies. Those assets being Fair’s dealer listing […] [Read More]

Major League Baseball settled its labor dispute last week, so spring training is intensifying quickly in Florida and Arizona. But wholesale prices softened another 0.64% last week, prompting Black Book to wonder when dealers are fully ready to embrace the spring season. In the latest installment of Market Insights, Black Book on Tuesday said, “week-over-week […] [Read More]

The CarLotz business model has long been a bridge from remarketing to retail, as the company describes itself as the “nation's largest consignment-to-retail used vehicle marketplace.” Its latest move may also help it bridge brick-and-mortar to digital. On Monday, CarLotz announced the launch of its mobile app, which it says is part of efforts to […] [Read More]

With more than 40 years of company tenure between them, Manheim announced the appointment of three new general managers who each have deep experience serving their clients, team members and communities. The trio tapped for these auction leadership positions during the first quarter included DiAngelo Brooks, David Carlucci and Charlie Clarke. The company said Brooks […] [Read More]

Sonic Automotive said Tuesday it has opened a delivery center in the Tri-Cities region of Northeast Tennessee and Southwest Virginia for its EchoPark Automotive used-car program. EchoPark’s Johnson City Delivery Center is its fourth location in Tennessee and 36th overall location. EchoPark’s other Volunteer State locations are in Nashville, Knoxville and Chattanooga. “With the opening […] [Read More]

Beginning Cherokee Media Group’s collection of episodes recorded in Las Vegas, Experian senior director of dealer intelligence Amy Hughes returned to the Auto Remarketing Podcast. Hughes shared details of her presentation at NADA Show 2022 about how Gen Z vehicle buyers behave and what this youngest demographic of consumers wants from the ownership experience. To listen to […] [Read More]