March 2021

CARY, N.C. –  Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Melissa Trujillo, who is director of efficiency and agency relations at KAR Global.  Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, what aspect(s) of the business would you change — and how? Melissa Trujillo: For me, the most enjoyable part of working in the remarketing industry is the ever-changing environment. I… Read More »Women in Remarketing: Melissa Trujillo of KAR Global

CARY, N.C. –  Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Ashleigh Mathews, who is the director of human resources at the McConkey Auction Group. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, what aspect(s) of the business would you change — and how? Ashleigh Mathews: There is so much I truly enjoy about this industry! I love how fast-paced and competitive it… Read More »Women in Remarketing: Ashleigh Mathews of McConkey Auction Group

Monday, Mar. 29, 2021, 02:29 PM RICHMOND, Va. –  Consignment-to-retail used-vehicle marketplace CarLotz has opened its first Tennessee hub, marking the ninth opening in the Southeast and its 11th nationwide. The new site adds to CarLotz hubs in Virginia, North Carolina, Florida, Illinois, Texas and Washington state. The Nashville-area hub is located at 1821 Gallatin Pike N. in Madison, Tenn. The Nashville opening comes after CarLotz recently said it would open its fourth Virginia hub in Charlottesville, That, according to the company, further expands its full omnichannel offering in its home… Read More »CarLotz growth continues with opening of first Tennessee hub

CARMEL, Ind. –  New vehicle geo-locating devices from ADESA at select U.S. and Canadian locations combine mobile app technology and GPS-enabled technology to help improve efficiency, security and the customer experience at ADESA locations. The GPS devices are placed securely on each vehicle upon arrival at ADESA and can be accessed through the Vehicle Locator functionality of the ADESA marketplace app. For sellers, according to the company, that provides accurate, real-time visibility into vehicle location and security. For buyers, they can quickly preview, check out and transport purchased vehicles. ADESA said… Read More »ADESA unveils on-site vehicle geo-locating for security, efficiency

WASHINGTON, D.C. –  The acting leader of the Federal Trade Commission isn’t sitting idle, either, putting actions into motion similar to her counterpart at the Consumer Financial Protection Bureau. Last week, chairwoman Rebecca Kelly Slaughter announced the creation of a new rulemaking group within the FTC’s Office of the General Counsel. According to a news release, the regulator explained the new structure will allow the FTC to take a strategic and harmonized approach to rulemaking across its different authorities and mission areas. With this new group in place, the FTC indicated… Read More »Acting FTC chair outlines new rulemaking group

SOUTH BEND, Ind. –  Despite significant objections from the American Financial Services Association, in collaboration with the Illinois Financial Services Association, the Independent Finance Association of Illinois and the Illinois Automobile Dealers Association, Gov. J.B. Pritzker signed into a law Illinois Senate Bill 1792 last week. The signature created the Predatory Loan Prevention Act and instituted a 36% rate cap based on the federal military annual percentage rate for all loans including auto financing not exceeding $40,000. In response, Carleton, a provider of compliant financing calculation and digital document software solutions,… Read More »Carlton offers some clarity on new Illinois rate cap law

CARY, N.C. –  After more than a year without physically running cars in the Evergreen State, McConkey Auction Group will resume in-person live auction sales this coming week at its Washington state locations, according to an update from the company. DAA Northwest in Spokane will resume in-person sales with cars in the lanes on Thursday, with DAA Seattle to start back up Friday. Every car will still also be available on Edge Simulcast, as well. “In both Spokane and Seattle, we will need to wear masks, food service will be limited… Read More »McConkey Auction Group to resume in-lane sales at Washington locations

DETROIT –  Saying that its diverse board of directors is a competitive advantage, General Motors named technology leader Meg Whitman and National Basketball Association executive Mark Tatum to its board. The board appointment of Whitman, who is former head of Hewlett Packard Enterprise; and Tatum, who is deputy commissioner and chief operating officer of the NBA; are effective Friday. Seven GM directors are women. Areas of senior leadership and board experience for the company’s 12 independent directors include information technology, digital commerce, retail, higher education, investment management, international affairs, defense, transportation,… Read More »Former HP head Whitman, NBA exec Tatum, named to diverse GM board

BOSTON –  Many participants in a recent consumer sentiment study show a keen interest in car shopping, and they enjoy the process. But when price negotiations begin, their feelings turn decidedly negative. “What should be a fun and exciting experience for consumers, continues to be a source of angst and stress,” automotive research and vehicle listings marketplace company CarEdge wrote in a news release. CarEdge released the study, saying the study’s main message is the following: Consumers love vehicle “shopping” but hate vehicle “buying.” Those consumers wished to avoid interactions and… Read More »Consumers enjoy car ‘shopping’ part of process; ‘buying’ not so much

BOSTON –  Many participants in a recent consumer sentiment study show a keen interest in car shopping, and they enjoy the process. But when price negotiations begin, their feelings turn decidedly negative. “What should be a fun and exciting experience for consumers, continues to be a source of angst and stress,” automotive research and vehicle listings marketplace company CarEdge wrote in a news release. CarEdge released the study, saying the study’s main message is the following: Consumers love vehicle “shopping” but hate vehicle “buying.” Those consumers wished to avoid interactions and… Read More »Consumers love car shopping; hate buying process