While multiple indicators are showing that consumer confidence is sagging to start 2022, at least one expert doesn’t see the trend as an unconquerable obstacle to vehicle sales. The Conference Board Consumer Confidence Index declined in January after an increase in December. The Present Situation Index — based on consumers’ assessment of current business and […] [Read More]

Tom Staszak, who is senior managing director of mergers & acquisitions at Generational Equity, joins the Auto Remarketing Podcast to talk about the rise in dealership buy-sell activity. In this episode, we discuss the drivers of that M&A growth, why it makes sense for some stores to exit, and moves in the auto industry at large. […] [Read More]

That headline you just read is part of the blunt assessment of the wholesale market Black Book gave as part of its newest installment of Market Insights released on Tuesday. That observation came even as analysts saw wholesale prices dip for the third week in row to start the year. [Read More]

CARFAX announced Tuesday it has launched the CARFAX Lifetime Dealer program, which allows participating dealers to show consumers their respective stores are providing “full access to CARFAX products whether they’re buying, servicing, or trading in their used car.” In other words, a mark of distinction for the dealers providing such services throughout the used-car lifecycle. […] [Read More]

Canada Drives tapped an experienced executive from the entertainment and gaming worlds to be its new chief technology officer. On Monday, the 100% online vehicle shopping and to-your-door delivery platform announced that Darcy Reno has joined the Canada Drives executive team as CTO. As Canada Drives continues to expand its vehicle buying and selling platform, […] [Read More]

These days, you’re bound to find “pop-up” events that range from holiday markets to yoga classes. You can now add selling your car to that mix. Online used-car ecommerce platform Shift was set to host a “Car to Cash” pop-up event in the Los Angeles area this past weekend to acquire cars from consumers. The […] [Read More]

When she was part of the panel discussion at Used Car Week 2021 with the other Women in Auto Finance honorees, Colletta Bryce mentioned how some workplaces can have as many as five different generations nowadays. In this episode of the Auto Remarketing Podcast, the senior director of HR business partners at NextGear Capital described […] [Read More]

Dealerlogix gained two positive developments associated with its endeavors to be a provider of cloud-based solutions for fixed operations departments of franchised and independent dealerships in the U.S. and Canada. Dealerlogix announced it received certification by Audi of America as a preferred vendor for Audi dealerships nationwide. And included in the news release, the company […] [Read More]

Dealer reviews potentially could go one step further in helping stores maintain their reputations via a new tool from Widewail. On Monday, the customer review and reputation management solution introduced a new offering targeted to automotive dealers called Invite Video. Widewail explained Invite Video can empower dealer managers and staff by capturing customer video testimonials […] [Read More]

CUNA Mutual Group and CarSaver entered into both working relationship as well as a financial commitment. The financial services provider and the automotive e-commerce marketplace and fintech platform partnered last week to launch what they contend is the industry’s first online marketplace and fintech e-commerce platform for credit unions. The platform is designed to enable […] [Read More]