Jerry Cox, who is chairman and chief executive officer with Potomac Strategy Associates, returned for another appearance on the Auto Remarketing Podcast to discuss one of the most complicated — and potentially deadly — challenges currently facing the industry. Cox shared how more automakers, including General Motors and Volvo, are being caught in the maelstrom […] [Read More]

Here’s a rundown of how certified pre-owned sales have fared in Canada, based on automakers sharing results with Auto Remarketing Canada. Subaru Canada moved 480 certified units in November, compared to 362 a year ago. That put the year-to-date tally at 4,276, a 13.1% year-over-year increase. At Hyundai Auto Canada Corp., there were 976 CPO […] [Read More]

AutoVerify is looking to assist dealerships that have vehicles in inventory already equipped with satellite radio make those units more appealing to potential buyers. This week, the marketing firm powered by Mobials launched AutoVerify Spotlight, a new product aimed to help dealers improve their digital merchandising efforts. With five more components to come, the first […] [Read More]

In a deal that would expand the company into wholesale, CarGurus has agreed to purchase a majority stake in CarOffer, an automated instant vehicle trade platform. CarGurus, which would acquire 51% interest in this deal, has the ability to also purchase CarOffer’s remaining equity interest over the next three years. The deal is valued at […] [Read More]

In a year that has made it difficult for auto dealers and manufacturers alike to maintain — much less gain — traction with consumers, vehicle residual value retention has been a critical area of performance. The economic stress imposed by a pandemic year has placed renewed consumer focus on value as they make long-term decisions in […] [Read More]

New-vehicle leasing still isn’t quite at the level seen before the pandemic started, according to data provided by Experian Automotive. During the first quarter of this year, Experian reported that 30.19% of all new-model deliveries were connected to a lease. In the second quarter with COVID-19 in play, analysts found that leasing softened to 25.81%. […] [Read More]

Kim Waterman, a former general manager for Manheim in the Southwest, is the new general sales manager for Richmond Auto Auction. Waterman started out as a dealer service manager in 2002 and eventually became general manager for Manheim in the Southwest. She served in various roles during her 18-year Manheim career. “We are very excited […] [Read More]

Since 2015, Wells Fargo has sponsored the donation of more than 40 payment-free vehicles, valued at more than $1 million, to combat-wounded U.S. veterans, Gold Star families and nonprofit organizations. “Empowering military and veteran communities to succeed financially is ingrained in Wells Fargo’s values,” Laura Schupbach, head of Wells Fargo Auto, said in a news release. […] [Read More]

Dealerships are currently experiencing a major shift when it comes to the use of technology within their business. From digital retailing to vehicle subscriptions to electrification, dealers are seeing a massive evolution in what their customers are looking for from them. COVID-19 has accelerated this change, giving consumers a taste of what it is like […] [Read More]

Alliance Auto Auction has promoted Christina Thomas to general manager of the Alliance Waco location, noting that she has been in the auction business since starting as a temporary employee for ADESA in 2005. Soon after starting with ADESA, Thomas was promoted to a district tele-sales supervisory role. She went on to serve as a […] [Read More]