Ally says auto dealers “play a vital role in the economic fabric of the country.” But this year’s TIME Dealer of the Year Award celebrates dealers’ “ingenuity and leadership in the face of incredible challenges,” because of the COVID-19 pandemic, Ally Auto Finance president Doug Timmerman said in a news release. Ally and TIME on […] [Read More]

Auto Remarketing’s Best Auctions to Work For, presented by CARS Recon, is a free workplace study for the auto-auction industry that recognizes the best auto auctions to work for on an unranked basis. The program, now in its fifth year, is designed and intended for individual physical auction locations and digital auctions, as well. Auto Remarketing, […] [Read More]

Dealer.com says video is reshaping the car buying journey. Sourcing Facebook and Youtube statistics from 2019, Dealer.com notes that 13 billion videos are viewed each day on Facebook and YouTube combined. And those channels only encompass part of video consumption, according to Dealer.com. A new product from the company uses advanced targeting and Cox Automotive […] [Read More]

Editor's Note: Updated to clarify that Mecum resumed live auctions in June. A traveling show that would rival a Rolling Stones stadium tour or the digital production power of a Super Bowl network TV crew is back out on the road and performing to adoring crowds once again. Mecum Auctions and its supporting cast of […] [Read More]

Jimmie Johnson is closing his spectacular NASCAR career with Ally Financial as his primary sponsor. And now the seven-time stock-car series champion will begin his INDYCAR campaign with Carvana. Over the weekend, Carvana announced it will be the primary partner for Johnson and Chip Ganassi Racing (CGR) in the 2021 NTT INDYCAR SERIES racing season […] [Read More]

The U.S. Patent and Trademark Office has awarded a patent to IAA for information technology systems that IAA says facilitate “participation in multiple auctions offered in different locations at the same time.” U.S. Patent Number 10,810,659 is for “System and Method of Auction Management.” The patent contains 20 claims protecting and recognizing what IAA says are […] [Read More]

S&P Global Ratings discovered contract extensions in both the prime and subprime credit segments are trending lower, according to its latest report released on Friday. Analysts found that extensions in U.S. public auto loan asset-backed securities (ABS) declined for the fourth consecutive month in August. They made that assertion based on portfolio data filed with […] [Read More]

It was a “punch in the gut,” says Sam Chaple. Manheim Nashville, an auto auction where Chaple has worked for 20 years and whose current location he helped launch, took a direct hit from an F3 tornado during the devastating and deadly storms that hit Tennessee in early March, he said. “To bring this one […] [Read More]

Under the category of Best Used Car Deals, Autotrader and Kelley Blue Book say the Acura MDX is “a practical choice in three-row, midsize luxury SUVs.” “It’s comfortable, spacious, and legitimately luxurious,” the companies said. That is just one portion of Autotrader and Kelley Blue Book’s latest effort to bring consumers “the most recent information […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our second annual Women in Retail awards, a program sponsored by CarGurus. We spotlight these honorees in the Oct. 15 issue of Auto Remarketing, which includes Q&As with each recipient of the award. Next up is Sejal Pietrzak, chief executive officer […] [Read More]