Private equity firm Brightstar Capital Partners said Tuesday it has completed its acquisition of XLerate Group, a deal initially announced Sept. 2. Brightstar is now the majority owner of the auto auction and remarketing facilitation company. “The XLerate team’s industry knowledge and operational expertise impressed us as we spent time at their auction sites around […] [Read More]

As a used-car manager, perhaps you might be thinking, “Well, if I’m going to have to spend this much on inventory, at least those cars will turn fast.” But as ESPN college football broadcaster Lee Corso says, “Not so fast, my friend!” [Read More]

If we were taking a look at new vehicles and how they fit car seats and applied it to report cards, only four would make the honor roll. That's according to the recent 2021 Car Seat Fit Report Card from Cars.com. That said, automakers aren't the only ones not living up to standards here. More than half […] [Read More]

A new partnership with Big Think+ will give LGM Financial Services dealer training customers access to an expansive archive of video lessons that teach "essential 21st century skills from the world's top minds."  Now, on top of LGM's training modules already in place, dealers have access to modern courses from Big Think’s video library. These include lessons like "Selling with […] [Read More]

The future of mobility continues to evolve at a blindingly fast pace. Kyte — which first launched in Manhattan in May — is expanding its on-demand car services to the Brooklyn area.  The service will now be available to the Brooklyn neighbornhoods of Bedford-Stuyvesant, Brooklyn Heights, Bushwick, Carroll Gardens, Clinton Hill, Crown Heights, Fort Greene, Greenpoint, Ocean Hill, Park Slope, Prospect […] [Read More]

Morning Consult recently released its newest report titled, Most Trusted Brands: Auto & Mobility. Joanna Piacenza, the head of industry intelligence at Morning Consult, appeared on this episode of the Auto Remarketing Podcast to discuss the report, what the market research firm described as “stickiness” and more. To listen to the episode, click on the link […] [Read More]

Here’s a development to help independent and buy-here, pay-here dealerships that want to retail certified vehicles. GWC Warranty and the National Independent Automobile Dealers Association recently announced a strategic partnership to provide the NIADA Certified Pre-Owned Vehicle program. According to a study by Cox Automotive, the average customer is willing to pay $3,000 more for a […] [Read More]

Mergers and acquisitions continue to permeate the entire automotive industry. Tuesday’s public development involved the GPS and risk mitigation spaces. Advantage GPS announced the acquisition of Michigan-based Asset Tracking Technology, a distributor of GPS tracking devices for finance companies, buy-here, pay-here dealerships, fleet tracking and personal tracking devices. According to a news release, the company […] [Read More]

Many in the industry are rushing to secure their leadership position on the electric vehicle front, and some are are playing an even longer game, making sure to stay at the top of the pack when it comes to EV charging infrastructure.  That's certainly the case for Capital Volvo Cars of Albany. The upstate New York dealership, […] [Read More]

One of the more than 140 speakers who are on deck for Used Car Week appeared on this episode of the Auto Remarketing Podcast Kirsten Von Busch, who is director of product marketing Experian Automotive, discussed how far the industry has progressed in spotting flood-damaged vehicles, but how improvements still can be made, especially now […] [Read More]