American Recovery Service (ARS) recently expanded its executive team by promoting Cortney Osborne to be chief services officer. With nearly 20 years of industry experience and moderator of the Women in Auto Finance honoree panels during Used Car Week, ARS highlighted that Osborne has been instrumental in the company’s substantive growth. Throughout her career, the […] [Read More]

As part of the September NAAA Convention issue of Auto Remarketing, we are launching a new project: High-Performance Auto Auctions.  Essentially, this is a roundup of "Auto Auction of the Year"-type awards from consignors, auction groups and other industry stakeholders. We are spotlighting the award-winning auctions throughout the industry.  For example, if you are a consignor, this […] [Read More]

Manheim said Thursday it has opened its first-ever physical auction location n in Northwest Ohio with the launch of Manheim Montpelier. The auction, which held its grand opening sale Tuesday, was formerly Montpelier Auto Auction, which appears to have previously been closed. A Manheim spokesperson said via email that this would not be considered a […] [Read More]

Though the buying “frenzy” slowed last month, certified pre-owned sales in the first half of 2021 beat year-ago figures by 18% and bested first half-half figures from 2019 — a record year — by 4.3%. That’s according to a Cox Automotive analysis of Motor Intelligence data included in a Data Point report this week. Specifically, […] [Read More]

Here’s another positive development — especially for dealerships — that has surfaced because of the pandemic. J.D. Power said vehicle owners remain vastly loyal to their specific brands, in part due to the effects of pandemic lockdowns. Experts made that assertion as part of the J.D. Power 2021 U.S. Automotive Brand Loyalty Study released on […] [Read More]

The National Independent Automobile Dealers Association happily announced this week that Joe Lescota is back. The auto retail expert and acclaimed dealer educator will once again share his knowledge, experience and insights with independent dealers from across the nation at the 75th annual NIADA Convention and Expo, coming up on Aug. 23-26 in San Antonio. […] [Read More]

While consumer confidence might be mixed, Cox Automotive discovered more access to credit last month for potential vehicle buyers who needed it — especially if they had stronger credit backgrounds. According to the newest Dealertrack Auto Credit Availability Index released this week, credit for auto financing improved modestly in June after tightening in May. [Read More]

If the latest analysis from Edmunds is any indication, car dealers may be inclined to hold on to those trade-ins with 100,000 or more miles. Cars with that level of mileage are selling at considerably higher prices and with quicker turn times than they were a year ago. Vehicles with 100,000 to 109,999 miles fetched […] [Read More]

Hireology, which provides recruitment CRM technology to companies in various industries, including automotive, said it has acquired EmployUs, an employee referral technology provider based out of Raleigh, N.C. In a release, EmployUs is described as a “a modern employee referral software that empowers organizations to leverage their employees and their networks to help hire.” Its […] [Read More]

With time being money, looking for the units you purchased at auction can be costly and frustrating in a sea of similar-looking silver sedans, black SUVs and white pickups. It’s why Manheim was glad to share the ongoing success of its solution to that challenge — LotVision — which prompted at least one user to […] [Read More]