KAR Global has made yet another big move in the online dealer-to-dealer space. The company said Monday it has reached a deal to acquire CARWAVE Holdings for $450 million. The California-based dealer-to-dealer online wholesale marketplace was founded in 2009, and its network of dealer customers includes stores in Arizona, California, Nevada, Oregon and Texas.  The platform […] [Read More]

With the International Automotive Remarketers Alliance Summer Roundtable fast approaching, I am personally eager to reconnect with those in the remarketing industry after more than a year of virtual meetings. This industry is built on relationships, and it is more important now than ever before that we take time to invest in those relationships and focus […] [Read More]

Del Grande Dealer Group (DGDG) and Walser Automotive Group made positive headlines on Thursday and Friday in connection with their workplaces and philanthropic efforts. At Walser, the group highlighted its campaign is driving more than $100,000 to nonprofits in the Minneapolis-St. Paul metropolitan area as well as the Wichita, Kan., region. According to a news […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. The excerpt below is Part II of the feature. In part I of this feature, we looked at the market impacts affecting the reconditioning activities at the wholesale auction industry’s two […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. The excerpt below is Part I of the feature, which looks at reconditioning trends. Stay tuned for Part II, which examines transportation/logistics. Unprecedented trends surfacing during the first half of the […] [Read More]

CarDr.com finalized integrations earlier this summer with CARFAX and Black Book to enhance its smartphone vehicle appraisal app. On Friday, the company that offers a tool that can combine pricing and OEM level on-board diagnostics (OBD) via a Bluetooth connection landed integrations with Manheim Market Report, Kelley Blue Book and AutoCheck. By integrating CarDr.com vehicle appraisal […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. The excerpt below is Part II of the feature.  Beyond the buying and selling of vehicles, the auto auction sale brings folks together.  Not unlike many of the industry events we […] [Read More]

Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. The excerpt below is Part I of the feature. Stay tuned for Part II. Tricia Heon is no stranger to the auto auction industry, nor is the industry a stranger to […] [Read More]

For the first time this year, S&P Dow Jones Indices and Experian spotted a rise in auto defaults. But the uptick analysts noticed was the smallest amount possible. [Read More]

“Your mom is a used-car salesman.” No, that’s not meant to be a lunchroom jab from your grade-school days. Quite the opposite, in fact. It’s actually just one example of the messaging from CarLotz’s first major brand campaign, which aims to debunk pre-conceived notions about pre-owned and emphasize that “it feels good to be a used-car […] [Read More]