Alex Vetter and the team at CARS believe that “technology’s the great equalizer.”  And that’s at the core of their goals for the planned acquisition of the Accu-Trade group, as Cars.com looks to “give technology back to the local dealership” through more efficient ways to source used-car inventory. In this case, those avenues would be […] [Read More]

Much of the national automotive conversation of late has involved automakers’ plans for electric vehicles, including the advertising lineup in store for Super Bowl LVI. But two separate announcements coming out of the Raleigh, N.C., area this week exemplify the boots-on-the-ground and diverse array of moving parts involved in making widespread EV adoption a reality. […] [Read More]

Black Book spotted widespread wholesale value declines happening last week, as analysts also noticed one particular circumstance that they called a “good sign” for the spring market. According to Black Book’s latest installment of Market Insights, overall wholesale prices dipped 0.49% during the span that wrapped up on Saturday. That’s after a week when values […] [Read More]

While Kenny Atcheson has written books and been a regular contributor to BHPH Report, the founder and president of Dealer Profit Pros is back for another appearance on the Auto Remarketing Podcast to discuss the potential benefits of using video. Although that previous sentence contained a lot of different media paths, Atcheson explained how video, […] [Read More]

Vroom is back. Carvana is joining the fun. Automakers are going full throttle, so to speak, with electric vehicles. Super Bowl Sunday will have a lot of action beyond the field and much-anticipated halftime show. Lauren Donalson of PureCars joins the Auto Remarketing Podcast to talk about the automotive ad landscape for Super Bowl XLI, […] [Read More]

ForeverCar and Carvana announced a strategic partnership on Tuesday. The digital omnichannel vehicle service contract platform and 2020 Emerging 8 honoree now is teaming with the e-commerce platform for buying and selling used vehicles to offer what they believe is the industry’s first, post-delivery vehicle protection plan as a true monthly subscription offering. “Carvana cares […] [Read More]

The dealership acquisition and philanthropic activities continued on Tuesday, as separate news releases highlighted the newest developments in western Michigan and southern California. Let’s begin first with the M&A moves involving Kerrigan Advisors, which represented Hitchcock Automotive in its sale of three high-volume Toyota dealerships in southern California.  According to a news release, Kerrigan helped […] [Read More]

Late last month, the three nationwide consumer reporting companies — Equifax, TransUnion and Experian — announced that they would allow people to check their credit reports for free once a week through December. And coinciding with that decision, the Consumer Financial Protection Bureau (CFPB) is looking for other consumer reporting companies to make a similar […] [Read More]

ADESA said Tuesday it has launched a new Purchases Page for Canadian buyers that is designed to make the online self-checkout process more efficient, while also broadening post-sale capabilities and allowing customers to turn to one centralized place to manage ADESA.ca and TradeRev purchases. “With the ADESA Purchases Page, we’ve greatly upgraded the speed and […] [Read More]

Through a massive acquisition announced Tuesday, Cars.com will be entering the digital remarketing and wholesale vehicle acquisition space, as well as the consumer peer-to-peer market. Cars.com has agreed to buy the Accu-Trade group that incudes Accu-Trade, Galves Market Data and MADE Logistics for $65 million cash. The purchase would also include potentially more cash and […] [Read More]