Independent dealership expert Gene Daughtry is back on the Auto Remarketing Podcast with a timely message for operators who might be struggling to handle inventory acquisition and maintain underwriting discipline. The senior consultant for AMS Consulting cautioned about the pitfalls of pushing parameters in those areas as the spring market intensifies in both the wholesale […] [Read More]

Digital Air Strike co-founder and chief executive officer Alexi Venneri joins the Auto Remarketing Podcast to talk about the company's two acquisitions this month: digital inventory SaaS provider LotVantage, and BestRide.com, an automotive marketplace that allows consumers to search online for vehicles at dealerships throughout the U.S. The latter is the company's first purchase of a […] [Read More]

Specialty auction remarketing services provider CrankyApe.com has named Evan Davidson as national director of auction sales and operations, noting that he will focus on implementing efficiency-based directives across the company. Davidson will also focus on growing the current sales team at CrankyApe, which is a provider of online auction liquidation services for banks, insurance companies, […] [Read More]

It was a record year for Sonic Automotive’s standalone used-car store program, as EchoPark pulled in all-time highs for revenue and retail sales volume. Specifically, EchoPark generated $1.42 billion in total revenue during 2020, beating 2019 figures by 22.1%. EchoPark retailed 57,161 used vehicles last year for a 15.4% hike. And the standalone stores closed […] [Read More]

In today’s crazy times, consumers can still count on their vehicles. According to the just-released J.D. Power 2021 U.S. Vehicle Dependability Study, vehicle dependability is at an all-time high. The overall level of problems cited by owners has declined 10% from a year ago. J.D. Power’s 2021 study also highlighted the most dependable model. That […] [Read More]

Just like the National Automobile Dealers Association, the American International Automobile Dealers Association hosted its annual meeting virtually, in the process handing off the chairman’s gavel and revealing its board of directors. Set to serve as its 2021 chairman, AIADA bestowed the role to Steve Gates of Richmond, Ky., who is the owner of Gates […] [Read More]

There appeared to be a bit of auto retail challenge around shutdowns in Ontario and Quebec as 2021 gets underway, and that is impacting certified pre-owned sales. Here's a roundup of January CPO sales results shared by automakers, thus far. At Hyundai, its certified sales fell 25% year-over-year, coming in at 642 for January. Of course, last […] [Read More]

TransUnion discovered that finance companies originated paper at an overall pace during the third quarter of last year resembling what analysts spotted during Q3 of 2019. When looking closer at the subprime market, however, TransUnion found originations are lagging. Analysts pegged the year-over-year decline at about 21% since subprime originations made up approximately 860,000 of […] [Read More]

Cox Automotive Canada’s Black Employee Network (BEN) recently celebrates its successes while reiterating more work remains to be completed during Black History Month and beyond. According to a company news release, BEN hosted more than 500 team members from Canada, Brazil, England, Europe and the United States for its inaugural event. Guided by BEN’s three […] [Read More]

Both Black Book and Cox Automotive reported surging wholesale prices as nearly the entire U.S. wrangles with frigid weather conditions. While Cox Automotive data is showing that dealers’ retail used inventory might be at what experts see as “normal” levels, Black Book shed light on how used-car managers are keeping their lots filled with units […] [Read More]