America's Group buys South Georgia Auto Auction, its third location in Peach State
Monday, Apr. 7, 2025, 06:00 AM
With auto tariffs in effect, 'it's going to be an interesting ride' for car dealers
Friday, Apr. 4, 2025, 02:58 PM
Report: Tariff worries fuel record used-car sales in March
Friday, Apr. 4, 2025, 03:08 PM
More from DRN’s Jeremiah Wheeler about state of LPR
DRN president Jeremiah Wheeler appeared on the Auto Remarketing Podcast this week to continue the intensifying dialogue about license plate recognition technology. Wheeler elaborated about the company’s response to assertions made by the American Recovery Association and what he hopes ... Listen Here
Navigating ‘difficult conversations’ in the used-car market
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Dan Dionne, who is vice president of sales with RockED. Dionne acknowledged dealership salespeople often have to ... Listen Here
Where AI and used-car sales meet
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Todd Smith, who is CEO of QoreAI. Smith explained how artificial intelligence now can swiftly match potential ... Listen Here
Retail
FM Capital to use $240 million fund to back ‘transformative companies’
FM Capital, a venture capital firm focused on early-to-mid stage technology companies in automotive and transportation, announced it has closed its largest fund close to date. FM said its Fund IV raised $240 million. The oversubscribed round included new and ... [Read More]
Service dept. news: Texas store to build massive new facility; Marchex launches AI engagement tool
Vic Vaughan Toyota of Boerne is ready to get its new service center off the ground. The dealership in the San Antonio suburb of Boerne, Texas, will break ground on its 28,639-square-foot facility with a ceremony Tuesday. “As our dealership ... [Read More]
Wholesale
‘Roller coaster’ just beginning in wholesale car market, as tariffs drive urgency
The basketball court wasn’t the only place for “madness” last month. With tariffs on the horizon and automotive uncertainty swirling, March produced a flurry of activity in the wholesale car market. The Trump administration’s 25% tariffs on imported vehicles — ... [Read More]
Auction news: Manheim Pennsylvania earns defi award; Auction Academy’s Class 8 graduates, Class 9 opens
defi MANAGED SERVICING Remarketing, the remarketing services of the defi SOLUTIONS platform, has named Manheim Pennsylvania as its 2024 Auction of the Year. In a news release, the company said Manheim Pennsylvania, along with rest of Manheim’s more than 100 ... [Read More]
Technology
Solera launches unified AI-driven platform for fleet management tools
Solera is putting artificial intelligence into fleet management. The vehicle lifecycle management software provider has launched the Solera Fleet Platform, an AI-driven platform designed to unify fleet intelligence, optimize efficiency and providing visibility and control over fleet operations. Solera said ... [Read More]
CARFAX offers insurers new automation to include taxes, fees in total loss claims
CARFAX wants to offer insurers a more accurate way to determine what a totaled car is worth. The vehicle history report provider announced it has enhanced its Total Loss Valuation Report to include automated calculation of taxes and fees through ... [Read More]
Analysis
Report: Tariff worries fuel record used-car sales in March
ZeroSum has to admit it doesn’t have all the answers. But the marketing and data software firm understands why cars have been flying out of dealerships for the past month. In its latest “State of the Dealer” report, ZeroSum said ... [Read More]
Supply challenges likely among used-car aftershocks of auto tariffs
The Trump administration’s 25% tariff on vehicles imported to the U.S. – a policy that became effective Thursday – won't just make already expensive new vehicles out of reach for many Americans, analysts say.
Used cars are likely to become pricier, too, and may run in shorter supply towards the end of the decade.
By July, there could be ... [Read More]
