ACERTUS has named an ex-Amazon executive as its new chief operating officer, as former COO Jason Caporrino will now head up the company’s new mergers and acquisitions team. Hired for the COO role is Ross Rachey, who was formerly the leader of Amazon’s Last Mile Fleet. “ACERTUS is pushing the industry forward when it comes […] [Read More]

CarOffer founder Bruce Thompson joins the Auto Remarketing Podcast from NADA Show 2023 in Dallas, where he talked with Cherokee Media Group senior editor Joe Overby about the company’s recent inspection upgrades, collaborations with parent company CarGurus, electric vehicles and more. To listen to the conversation, click on the link available below. Download and subscribe to […] [Read More]

Spring is buzzing on the baseball fields of Arizona and Florida as Major League Baseball prepares for the upcoming season. Spring also appears to be buzzing in the auction lanes, too, as dealers scour for inventory to make the most of tax season. Black Book reported on Tuesday that wholesale prices moved another 0.35% higher […] [Read More]

To recognize the dealers leading the certified pre-owned car business, Auto Remarketing presents our annual special issue honoring “The Best CPO Dealers in the USA,” which is presented by CARS. We reached out to automakers across the CPO spectrum and requested their respective top 10 certified dealer lists based on full-year 2022 sales. We hope […] [Read More]

CARFAX Canada kicked off March by launching History-Based Value, a vehicle valuation model designed to adjust automatically for the unique history of each vehicle. CARFAX Canada updates History-Based Value every seven days. The company made this product available for dealers last week. “We’re thrilled to finally launch History-Based Value to our dealers,” CARFAX Canada president […] [Read More]

Connected with what one expert said is “the mounting economic challenges they now face,” consumers and businesses combined to generate double-digit increases year-over-year in new bankruptcy filings in February, According to data provided by Epiq Bankruptcy, the 31,889 total new bankruptcy filings in February represented an 18% rise from the 27,006 filings registered last February. […] [Read More]

Cox Automotive chief economist Jonathan Smoke as well as Comerica Bank chief economist Bill Adams and senior economist Waran Bhahirethan offered perhaps some reassuring assessments of what the overall employment landscape looks like. All three shared their perspectives ahead of the next update from federal officials about how many jobs were added or subtracted in […] [Read More]

In the auto industry, it sometimes seems like there is a new merger or acquisition announced every other day. While in recent years that M&A activity has typically involved dealers, the buy-sell frenzy has extended to auto auctions. Bob McConkey, president and CEO of McConkey Auction Group and a member of the NAAA Hall of […] [Read More]

General Motors had a reason to celebrate some of its franchised dealers on Monday. The 2023 Pied Piper PSI Internet Lead Effectiveness (ILE) Study — which measures responsiveness to Internet leads coming though dealership websites — showed Cadillac dealerships ranked highest. Following Cadillac were Infiniti, Volkswagen, Subaru, Toyota and Volvo. “Auto dealers industrywide were quicker […] [Read More]

Toyota has won Kelley Blue Book’s “Best Resale Value: Brand” award for the seventh time in 10 years, while corporate sibling Lexus has earned its fourth overall and second consecutive “Best Resale Value: Luxury Brand” title. KBB, which is part of Cox Automotive, announced 2023 model-year winners of its Best Resale Value Awards on Monday, […] [Read More]