CDK Global has entered the online wholesale space, launching a new marketplace called CDK CarSource that is designed to connect dealers to used-car inventories from other dealers across the country. Fred Fordin, vice president, DMS at CDK Global, joins the show to explain more about how the platform will work and what sets it apart […] [Read More]

The National Auto Auction Association named three new Warren Young Fellows last week, recognizing the following auto industry leaders: — Joe Oliveri, vice president of product management and data services at KAR Global — Elton O’Neal, senior director of data strategy at Cox Automotive — Brian Green, vice president of corporate business development at Cox […] [Read More]

Even before the recent used-car supply changes, dealers were increasingly turning to a variety of channels to acquire wholesale inventory. And these days, the “buy anywhere” approach is of paramount importance as traditional wholesale sources have limited supply. With that in mind, vAuto has launched ProfitTime’s Global Acquisition tool, which is designed to help dealers […] [Read More]

Cherokee Media Group is proud to introduce our latest in events: Canada’s Used Car Week. The Auto Remarketing Canada Conference and Women & Automotive Canadian Leadership Forum will continue with their brands and are now positioned under the new umbrella of Canada’s Used Car Week, which will be held June 27-29 at the Westin Harbour Castle […] [Read More]

The kickoff to Super Bowl LVI is right around the corner, and automotive marketers have been laser-focused on this year’s game, clamoring for any remaining commercial time knowing that NBC has virtually sold out all spots. Even back in July, NBC announced that the Feb. 13 game had already sold out 85% of the ad slots. […] [Read More]

In the latest episode of the Auto Remarketing Podcast, Vroom chief marketing officer Peter Scherr joins the show to talk about the online used-car retailer's upcoming return to the Super Bowl. We discuss the theme of the new ad for the Big Game, Vroom's focus on acquiring consumer cars and more. In its upcoming ad , Vroom will […] [Read More]

Hertz will have a new chief executive officer at the end of the month. The rental car company named to former Goldman Sachs executive Stephen Scherr to the CEO role on Friday. Scherr, who spent close to three decades at Goldman Sachs and left his role as chief financial officer at the end of 2021, […] [Read More]

If 2022 is the year where the used-car market returns to a stable condition, one of the “first responders” in solving the inventory challenge will be repossession volume. That’s according to the 2022 Kontos Outlook from KAR Global chief economist Tom Kontos, who broke out the crystal ball and forecasted what he sees in store […] [Read More]

ALG shared the winners of the J.D. Power 2022 Canada ALG Residual Value Awards on Thursday, and topping the list with the most segment awards was Toyota Canada, with 10, followed by GM Canada (five). Specifically, Toyota won seven model-level awards (Camry, RAV4, Highlander, 4Runner, Tundra, Tacoma, Sienna) and Lexus had three (IS, GX, UX), […] [Read More]

The supply of used cars on dealer lot appears to be making some progress, according to the latest CarGurus Vehicle Availability Index & Insights report. The CarGurus Used Vehicle Availability Index for January shows a 3.9% uptick in used-car inventory at dealerships compared to December. Meantime, the year-over-year gap has slowed to 0.8%. “The recovery […] [Read More]