HyreCar, which provides carsharing for ridesharing and food/package delivery services, has a new chief technology officer. In a move that was effective Monday, Ken Grimes transitioned from CTO to an executive advisory role. Hired to be the new CTO was Greg Tatem, whose background includes leadership, tech and engineering roles at Wine.com and Williams Sonoma. “We are […] [Read More]

Spencer Beckstead, chief revenue officer of Frikintech, joins the show in this latest episode of the Auto Remarketing Podcast. Beckstead and Auto Remarketing senior editor Joe Overby talk about the friction points in automotive and why digital retail complements — not replaces — salespeople, plus Beckstead shares a bit of the background behind Frikintech. To […] [Read More]

Carousel Motor Group, which is part of the Pohlad Companies, has launched an ecommerce platform to buy and sell used vehicles. The dealer group teamed up with Cox Automotive to develop the platform, which is called Carousel Online. The platform allows for an entirely digital buying process, including 360-degree virtual tours, concierge experts available online, […] [Read More]

Consumers are showing greater interest in used electric vehicles, which is evident in their key strokes and in their tire kicking. In a report published last week, CarMax examined used EV search volume on its website and its own test-drive numbers, with each data set going back to January of last year. The EV Test […] [Read More]

Overall wholesale prices as well as values for both cars and trucks moved higher last week at almost the exact same pace as the previous week, according to the newest Market Insights released by Black Book on Tuesday. The price climbs arrived as the estimated average weekly sales rate remained at … [Read More]

Auto Remarketing Canada  is recognizing the 2022 Women & Automotive: Profiles honorees in the current issue of the magazine and at Canada's Used Car Week next month at the Westin Harbour Castle in Toronto. In the weeks leading up to the June 27-29 event, ARC will be posting Q&As with each of the Women & Automotive honorees on this website. Next up is Colleen […] [Read More]

Auto Remarketing Canada  is recognizing the 2022 Women & Automotive: Profiles honorees in the current issue of the magazine and at Canada's Used Car Week next month at the Westin Harbour Castle in Toronto. In the weeks leading up to the June 27-29 event, ARC will be posting Q&As with each of the Women & Automotive honorees on this website. Next up is Ashley […] [Read More]

If your dealership actually has a plentiful amount of certified pre-owned inventory to retail this Memorial Day weekend, the experts at Edmunds are steering potential buyers toward it — especially if that customer isn’t interested in waiting for a new model to arrive from the factory. “If you’re a habitual new-car buyer, certified pre-owned inventory […] [Read More]

Amazing what federal income tax refunds can do for the health of your portfolio, huh? Kroll Bond Rating Agency (KBRA) said April remittance reports showed auto finance credit performance improved for the second consecutive month across both prime and non-prime securitized pools. According to the firm’s report, annualized net losses in … [Read More]

The average age of vehicles on U.S. roads has never been this high. According to a report from S&P Global Mobility (previously the auto team at IHS Markit), the average age of light vehicles in operation has climbed for five consecutive years, reaching a record age of 12.2 years as of Jan. 1, 2022. That is […] [Read More]