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------------------------- TOP NEWS: CDK Global buys Roadster ------------------------- MCCONKEY AUCTION GROUP TRANSFERS ABS AUTO AUCTION OWNERSHIP TO EBLOCK Wednesday, June 2, 2021 - 3:00pm Joe Overby, Senior Editor The McConkey Auction Group, which purchased ABS Auto Auctions in 2020, has transferred ABS ownership to EBlock, and July 12 will be the first ABS auction on the EBlock...Read
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LANE WATCH: DESPITE SLIGHTLY SOFTER INCREASE TO CLOSE MAY, BLACK BOOK INDEX AT NEW RECORD __ Wednesday, June 2, 2021 - 3:59pm Auto Remarketing Staff __ While slightly softer than the previous weeks in the month, Black Book highlighted another weekly wholesale value uptick — extending the industry’s streak to 18 in a row...Read
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SPIFFY ROLLS OUT FIRST FRANCHISEE IN SOUTH CAROLINA Wednesday, June 2, 2021 - 4:00pm Auto Remarketing Staff Get Spiffy is based in North Carolina, but the on-demand car care, technology and services company is gaining momentum in an adjacent state. On Wednesday, the company...Read
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RETAIL
CARMAX TO HOLD CAREER DAY EVENTS TO HELP FIND 1,800 NEW AUTO SERVICEHIRES
Wednesday, June 2, 2021 - 10:50am Auto Remarketing Staff CarMax is on the hunt for 1,800 new automotive service professionals. To kickstart the hiring wave, the used-car giant is hosting a “Curbside Career Day,” in partnership with Indeed, at 16 of its locations, coming up on June 10 from 10 a.m. to 3 p.m. It’s looking to secure the almost 2,000... Read MoreMORE RETAIL
* CarLotz expands in Midwest, West with 2 new locations * LotLinx aims to support LaFontaine Automotive Group's cancerresearch non-profit
* Dealer acquisition roundup: Minnesota Subaru store & Chrysler Dodge Jeep Ram dealership gain new ownersWHOLESALE
ACV LAUNCHES PLATFORM FOR DEALER GROUPS, COMMERCIAL CONSIGNORS TOHOST PRIVATE SALES
Tuesday, June 1, 2021 - 3:42pm Joe Overby, Senior Editor ACV said Tuesday it has launched a new platform that gives dealer groups and commercial partners a way to host closed sales for select audiences. ACV PRIVATE MARKETPLACES will first be available for large dealership groups with multiple locations, and then for commercial consignors looking for a way to host closed... Read MoreMORE WHOLESALE
* Manheim launches services group to meet ‘varied’ needs ofclients
* Copart adds new board member with significant federal governmentexperience
* Texas Lone Star AA GM becomes first woman to win Texas Auctioneers Association championshipTECHNOLOGY
PURECARS LAUNCHES NEW PRO DEALER MARTECH PLATFORM CENTERED AROUND PURE INSIGHTS MEASUREMENT RESOURCE Wednesday, June 2, 2021 - 11:47am Auto Remarketing Staff PureCars announced Tuesday the release of its new Pro Dealer MarTech platform, which the company says offers an approach to digital advertising that provides greater flexibility and value for dealers — and allows them to make better marketing decisions that drive lower ad costs per sale. The platform is... Read MoreMORE TECHNOLOGY
* New Dealer Funnel text messaging solution aims to solve common paint points for dealers * myKaarma increases dealership count by 550 with PocketExpertpurchase
* Vroom adds 'Last Mile' hub in Dallas areaFINANCIAL
TOP 10 VEHICLES & STATES FOR LEASING IN Q1 __ Tuesday, June 1, 2021 - 2:10pm Auto Remarketing Staff__ Along with
delving into some data showing average credit scores, Experian’s Q1 2021 State of the Automotive Finance Market report also revealed the top 10 new models leased during the first quarter as well as the top 10 states where leasing originated. Perhaps one day coming back into the market as potential... Read MoreMORE FINANCIAL
* Beyond the Transaction: F&I enjoying positive developments onmultiple fronts
__
* Illinois store taps First Business Bank for $6M in floorplanfinancing
* RVI Group appoints Klanica as board memberANALYSIS
PODCAST: MANHEIM & NEXTGEAR VP JESSICA LANIER Wednesday, June 2, 2021 - 2:50pm Auto Remarketing StaffIn this episode
of the Auto Remarketing Podcast, Jessica Lanier, who is vice president of marketing at Manheim and NextGear Capital, joins the show to discuss the digital shift in remarketing and the message of Manheim's "Our Mission is Yours" campaign. Plus, we discuss lessons learned from the... Read MoreMORE ANALYSIS
* Used-car sales likely up 13% from May 2020__
* Used-car prices show 'unparalleled' growth; high values likely for 'foreseeable future'__
* With travel rebounding, DigniFi & TruVideo partner to overcome consumer concerns about vehicle repairs Copyright © 1990-2021 Cherokee Media Group All rights reserved. Privacy Policy To personalize content, measure ads and give you the best online experience, we use cookies. To learn more, see our Privacy Policy.
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