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]

They’re still up more than 40% from prior-year levels, but wholesale vehicle prices last month were more or less flat from December, according to the latest reading of the Manheim Used Vehicle Value Index. Of course, the level at which used-car prices remain steady? It happens to be … [Read More]

CDK Global has entered the online wholesale space, launching a new marketplace called CDK CarSource that is designed to connect dealers to used-car inventories from other dealers across the country. Fred Fordin, vice president, DMS at CDK Global, joins the show to explain more about how the platform will work and what sets it apart […] [Read More]

The National Auto Auction Association named three new Warren Young Fellows last week, recognizing the following auto industry leaders: — Joe Oliveri, vice president of product management and data services at KAR Global — Elton O’Neal, senior director of data strategy at Cox Automotive — Brian Green, vice president of corporate business development at Cox […] [Read More]

Even before the recent used-car supply changes, dealers were increasingly turning to a variety of channels to acquire wholesale inventory. And these days, the “buy anywhere” approach is of paramount importance as traditional wholesale sources have limited supply. With that in mind, vAuto has launched ProfitTime’s Global Acquisition tool, which is designed to help dealers […] [Read More]

Cherokee Media Group is proud to introduce our latest in events: Canada’s Used Car Week. The Auto Remarketing Canada Conference and Women & Automotive Canadian Leadership Forum will continue with their brands and are now positioned under the new umbrella of Canada’s Used Car Week, which will be held June 27-29 at the Westin Harbour Castle […] [Read More]

The kickoff to Super Bowl LVI is right around the corner, and automotive marketers have been laser-focused on this year’s game, clamoring for any remaining commercial time knowing that NBC has virtually sold out all spots. Even back in July, NBC announced that the Feb. 13 game had already sold out 85% of the ad slots. […] [Read More]

In the latest episode of the Auto Remarketing Podcast, Vroom chief marketing officer Peter Scherr joins the show to talk about the online used-car retailer's upcoming return to the Super Bowl. We discuss the theme of the new ad for the Big Game, Vroom's focus on acquiring consumer cars and more. In its upcoming ad , Vroom will […] [Read More]

Hertz will have a new chief executive officer at the end of the month. The rental car company named to former Goldman Sachs executive Stephen Scherr to the CEO role on Friday. Scherr, who spent close to three decades at Goldman Sachs and left his role as chief financial officer at the end of 2021, […] [Read More]

If 2022 is the year where the used-car market returns to a stable condition, one of the “first responders” in solving the inventory challenge will be repossession volume. That’s according to the 2022 Kontos Outlook from KAR Global chief economist Tom Kontos, who broke out the crystal ball and forecasted what he sees in store […] [Read More]