The Thompson Organization and Walser Automotive Group each ramped up their efforts to help others recently. At Walser, the Minneapolis-based dealer company said it is thinking about the success of its employees in a new way — by focusing on their children. On Tuesday. the dealer group announced an extension of its scholarship program; a […] [Read More]

Auto Remarketing’s sister publication Cary Magazine reported in August that Sonic Automotive would be launching an EchoPark Automotive used-car standalone store in the Raleigh, N.C.-area in early 2022. On Tuesday, that came to fruition, as the retailer announced the opening of a EchoPark retail hub in Cary, a suburb of Raleigh. The location was formerly […] [Read More]

What you might have thought of as just a back-lot beater that only starts, steers and stops might be the vehicle currently most in demand in both the wholesale and retail markets. Black Book said the “real headline” of last week was the value increase for vehicles 8 to 16 years old, as analysts determined […] [Read More]

Kelley Blue Book Instant Cash Offer has launched in Canada, Cox Automotive Canada said in a news release Monday. The tool helps Canadian dealers acquire inventory directly from consumers, which can be crucial considering the tight vehicle supply. Consumers can choose to receive an offer on their vehicle online (through the Instant Cash Offer webpage […] [Read More]

Rapid Recon chief executive officer Dennis McGinn is the guest for this episode of the Auto Remarketing Podcast to discuss how dealers are preparing inventory; whether the vehicles are coming via trades, the wholesale market or purchases made from private owners. McGinn also pointed out who at the dealership is taking an even greater interest […] [Read More]

As I write this article, Major League Baseball is back with Opening Day arriving on Thursday. While the players union and team owners hashed out their collective bargaining agreement, I rarely heard anything about the group of people who matter most — the fans — you know, the customers who spend $15 on one beer […] [Read More]

Recent analysis from Comerica Bank and Salary Finance point to a similar assertion. There’s a reasonable chance many of the contract holders currently in your auto finance portfolio are having their monthly budget squeezed by several factors. With Comerica Bank chief economist Bill Adams saying that high inflation sunk the personal saving rate to its […] [Read More]

Group 1 Automotive said Monday it has acquired Larry H. Miller Toyota in Albuquerque, N.M., adding to the retailer’s presence in the Land of Enchantment. The store will be renamed Sandia Toyota and is expected to pull in annual revenues of $115 million. So far this year, Group 1 has acquired revenues of $550 million. […] [Read More]

Executives with DrivenIQ, which specializes in data and data technologies that help businesses target their advertising to the most ideal audience, joined the Auto Remarketing Podcast recently to talk about the company's busy March and much more. DrivenIQ announced last month that it has acquired Visitor Data Inc. The company also announced that it will be […] [Read More]

The exhibit booths of Inovatec Systems and Point Predictive were nearly adjacent during the Vehicle Finance Conference hosted by the American Financial Services Association last month. Now the tech firms now officially are joining forces. Last week, Inovatec Systems and Point Predictive said they have forged a strategic partnership, leveraging Point Predictive’s comprehensive, consortium-based credit data […] [Read More]