When taken together as I did this morning, a quartet of assertions made by TransUnion, Federal Reserve chairman Jerome Powell, the U.S. Department of Labor and Edmunds executive director of insights Jessica Caldwell described how topsy-turvy this pandemic has made the landscape for dealerships and finance companies. And perhaps, the scene isn’t too unfamiliar, either. First, […] [Read More]

October was a special month for America’s Car-Mart, and not just for the vehicles the buy-here, pay-here dealership chain retailed. The company spent the month highlighting associates and their family members and friends who have overcome cancer while also raising funds to benefit the American Cancer Society (ACS). Car-Mart’s efforts resulted in a $10,000 contribution […] [Read More]

Wholesale vehicle prices in Canada have now fallen for five straight weeks, but take that trend with a grain of salt. According to Canadian Black Book’s latest weekly COVID-19 Market Update, the declines are lower than seasonally expected and pale in comparison to November 2019, thanks to basic supply and demand (more on that later). […] [Read More]

Deloitte Canada continues to see quite a notable performance originating from Canada Drives. According to a news release distributed this week, the fintech firm and online retailer has been presented with an Enterprise Fast 15 award from Deloitte Canada in recognition of its technological innovation, entrepreneurship and rapid growth. The Enterprise Fast 15 leadership category […] [Read More]

In this episode of the Auto Remarketing Podcast, we connect with Dan and Dave Sperau, two brothers who co-founded Autosled, a company that aims to make vehicle logistics/transportation more efficient and simpler through technology. They talk about their family's background in automotive, what inspired them to launch Autosled and disintermediation in the ancillary services piece […] [Read More]

With the end of the year rapidly approaching, many dealers are preparing for 2021. Navigating the shortage of new vehicles and restocking near-empty dealership lots will likely be among the many priorities. While the simplest solution is to turn to the used-vehicle market, it too, has seen its fair share of struggles. Lease extensions, fewer […] [Read More]

Updated to correct Brauer's title at CarMax. Shift has expanded its footprint and its executive team.  Starting with the geographic growth, Shift has added a second market in Texas. The used-car ecommerce platform said Tuesday it has launched its car-selling service in San Antonio, giving consumers there the ability to sell their cars directly to […] [Read More]

TrueCar said it is celebrating its partnership with its TrueCar Military brand ambassador, NASCAR driver and Naval officer Jesse Iwuji, by announcing its ultimate eRacing fan sweepstakes in partnership with Iwuji. TrueCar is giving sweepstakes entrants the chance to win “the ultimate sim racing rig” for one winner’s home. The winner will also receive a […] [Read More]

Finished vehicle transport logistics company United Road promoted Ryan Kraft to chief digital officer. In this position, his responsibilities will include integrating United Road’s technology footprint across the supply chain to provide strong experience for customers, carriers and vendors. Kraft has been with United Road for nearly 12 years in various roles such as financial […] [Read More]

This week, Car Keys Express (CKE) rolled out a new solution specifically designed to help fleet managers who sometimes oversee hundreds of thousands of vehicles across branches spread far apart. The key and title asset warehousing, tracking, and logistics service is called FleetHero, which can manage fleet vehicles’ backup keys, as well as title documents. […] [Read More]