Cox Automotive announced an acquisition Thursday that not only expands its presence in the medium- and heavy-duty fleet parts and service segment, but also adds direct part sales and semi-trailer sales to its Cox Automotive Mobility Services business unit. The company has purchased Trudell, a provider of trailer service and repairs, heavy-duty truck and trailer […] [Read More]

Contained within AutoNation’s quarterly news release about sales and revenue results, the publicly traded dealer group also announced its entry into the finance company business. AutoNation said on Thursday that it has entered into an agreement to acquire CIG Financial, an auto finance company headquartered in Irvine, Calif. AutoNation said the transaction is expected to […] [Read More]

How should we think of certified pre-owned? Is this a used, new  or a new used vehicle, or should we stick to calling it “like-new?” Regardless of what we classify as CPO, we accept that CPO vehicles can be some combination. We treat it like a different product. How we market, advertise, label and sell these vehicles somehow […] [Read More]

After recently releasing its monthly indices, Kroll Bond Rating Agency (KBRA) asked a question that your finance company might be pondering, too. Considered through the prism of the auto securitization market, KBRA titled a new report, Auto Loan ABS: Rough Road Ahead? Analysts began their response by giving their assessment of the current auto finance […] [Read More]

After hitting a high in March, wholesale vehicle values in Canada have now fallen sequentially for three straight months, and the year-over-year growth — while still in double-digit percentages — has moderated. Still, used-car prices remain “extremely high,” as Canadian Black Book illustrates in a report around its Used Vehicle Retention Index for June. The index, released […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Retail honorees in the current issue of the magazine and at Used Car Week this fall in San Diego.  With these awards, we specifically recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors Over the next few weeks, AR will be posting Q&As with […] [Read More]

Down, but not out. That’s one consensus from two reports in the past week from Cox Automotive examining the general state of affairs in the used-car market. The pace of used-car sales last month improved from May, but thanks to high interest rates, fuel costs and price tags, actual sales volumes are … [Read More]

On Wednesday, ACV officially launched its two newest technology pieces with at least one dealer group raving about the capabilities. The digital automotive marketplace and data services partner for dealers and commercial partners rolled out what it’s calling ACV’s Smart Acquisition Manager (S.A.M.), which is designed to deliver two new innovative ways to engage with […] [Read More]

This week, S&P Global Mobility launched its certified Polk data partner program, recognizing preferred marketing partners that successfully leverage Polk Automotive Solutions products across a high volume of advertising campaigns for large auto dealer groups. According to a news release, the first three data marketers to be named into the partner program include CF Search […] [Read More]