Although the National Auto Auction Association postponed its in-person convention this year, NAAA did still find a way to honor those making big waves in the industry, as well as install its leadership for the coming year. Some of these orders of business were conducted during a recent virtual all-member meeting broadcast from NAAA headquarters in Frederick, […] [Read More]

In the latest episode of the Auto Remarketing Podcast, we turn to the parts and service segment of the auto industry. Jay Maxwell of the Costco Auto Program returns to the show to discuss the company's work in the space, the increase in vehicle ownership period and its impact on parts and service and much more. […] [Read More]

Culminating a partisan slog that stretched from Inauguration Day through the close of the third quarter, the U.S. Senate confirmed Rohit Chopra as the new director of the Consumer Financial Protection Bureau on Thursday by a 50-48 final vote that needed Vice President Kamala Harris’ participation to get there. Chopra shifts from the Federal Trade […] [Read More]

automotiveMastermind, which offers a marketing automation and solution platform for dealers, has launched add-ons to its offerings designed to assist dealers with inventory challenges to not only engage with but also retain buyers.  automotiveMastermind's predictive marketing campaigns help dealers stay in communication with loyal customers and prospects and acquire preferred pre-owned inventory from "untapped" sources in their market. The company […] [Read More]

Rebecca Howard is the chief executive officer of Olive.com, an automotive insurtech company that helps consumers line up vehicle protection plans digitally and at their own pace. Howard joins the Auto Remarketing Podcast to talk about what that process looks like to car owners, the increased digitization of ancillary products/services in the auto industry, the macro […] [Read More]

Earlier this month, CarLotz made its first foray into Alabama with a move into Mobile. This week, the consignment-to-retail used-vehicle marketplace announced it will open a hub in Huntsville. The hub — to be located at 6561 University Drive — will provide CarLotz’s guests in Huntsville and its surrounding markets with easy access to its unique buying and […] [Read More]

Automotive ecommerce platform Shift said Thursday it has named a former Walmart executive as its president.  Jeff Clementz, formerly the senior vice president and general manager of Walmart U.S. marketplace and partner operations, will take on the role starting Friday. “We are thrilled to welcome such a proven leader with a strong vision and aptitude for execution at […] [Read More]

Cox Automotive, Edmunds, J.D. Power and TrueCar all tried to sort through the static created by new- and used-vehicle supply constraints and rising prices to offer sales and other predictions for September, which closes on Thursday. For dealers that do have plentiful used and new models to retail, perhaps this comment from Edmunds senior manager […] [Read More]

In year seven of Auto Remarketing’s annual 40 Under 40 program, you will find the current- and next-generation leaders of the used-car business who are making big differences in the industry and at their respective companies. Auto Remarketing is honored to recognize these folks and celebrate their accomplishments. Stay tuned for more in the October issue of Auto Remarketing, and […] [Read More]

Perhaps the opposite of the “perfect storm” is the “perfect drought.” The latter term is what KAR Global chief economist Tom Kontos used to describe what’s happening in the wholesale market, especially when it comes to prices and supply. [Read More]