September 2021

NEW YORK –  automotiveMastermind, which offers a marketing automation and solution platform for dealers,  has launched add-ons to its offerings designed to assist dealers with inventory challenges to not ony engage with but also retain buyers.  automotiveMastermind’s predictive marketing campaigns help dealers stay in communication with loyal customers and prospects and acquire preferred pre-owned inventory from “untapped” sources in their market. The company said its new campaigins can encourage dealers to foster ongoing engagement with individuals by:  Acquiring in-demand pre-owned vehicles by leveraging Polk Audiences by IHS Markit to help identify consumers within their loyalty and… Read More »automotiveMastermind add-ons allow dealers to reach buyers across all portfolios

CARY, N.C. –  Rebecca Howard is the chief executive officer of Olive.com, an automotive insurtech company that helps consumers line up vehicle protection plans digitally and at their own pace. Howard joins the Auto Remarketing Podcast to talk about what that process looks like to car owners, the increased digitization of ancillary products/services in the auto industry, the macro impacts on demand for vehicle protection plans and much more. To listen to the episode, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to the Auto Remarketing Podcast on iTunes or… Read More »PODCAST: Olive.com CEO Rebecca Howard

RICHMOND, Va.  –  Earlier this month, CarLotz made its first foray into Alabama with a move into Mobile. This week, the consignment-to-retail used-vehicle marketplace announced it will open a hub in Huntsville. The hub — to be located at 6561 University Drive — will provide CarLotz’s guests in Huntsville and its surrounding markets with easy access to its unique buying and selling experience, the company shared.  “Our continued expansion in the great state of Alabama will allow even more guests to be a part of CarLotz’s peer-to-peer marketplace, utilize our full omnichannel approach and experience… Read More »CarLotz opens hub in 2nd market in Alabama

SAN FRANCISCO –  Automotive ecommerce platform Shift said Thursday it has named a former Walmart executive as its president.  Jeff Clementz, formerly the senior vice president and general manager of Walmart U.S. marketplace and partner operations, will take on the role starting Friday. “We are thrilled to welcome such a proven leader with a strong vision and aptitude for execution at this pivotal moment,” Shift co-chief executive officer and co-founder said in a news release. “Jeff’s experience scaling Walmart’s massive ecommerce marketplace business and deep understanding of financial services will be instrumental in helping… Read More »Shift names former Walmart executive as president

Wednesday, Sep. 29, 2021, 04:18 PM Cox Automotive, Edmunds, J.D. Power and TrueCar all tried to sort through the static created by new- and used-vehicle supply constraints and rising prices to offer sales and other predictions for September, which closes on Thursday. For dealers that do have plentiful used and new models to retail, perhaps this comment from Edmunds senior manager of insights Ivan Drury directed at consumers will help store managers and salespeople reach their monthly sales goals. Source Article

CARY, N.C. –  In year seven of Auto Remarketing’s annual 40 Under 40 program, you will find the current- and next-generation leaders of the used-car business who are making big differences in the industry and at their respective companies. Auto Remarketing is honored to recognize these folks and celebrate their accomplishments. Stay tuned for more in the October issue of Auto Remarketing, and at Used Car Week in November, where this year’s honorees will be recognized during a special luncheon.  The list of this year’s honorees, listed in alphabetical order by last name, can be found below: Marcus Alley,… Read More »Auto Remarketing’s 40 Under 40 honorees for 2021

CARY, N.C. –  The prognosis for the economy, finance companies and investors continues to be mixed since experts and policymakers keep pointing toward a factor that has shown to be incredibly difficult to control. Cox Automotive, the Federal Reserve, the National Association of Federally-Insured Credit Unions and S&P Global Ratings all have chimed in on the current landscape in recent days, discussing elements such as interest rates, asset purchases, yield and more. But the common thread in each viewpoint involves what has impacted everyone for more than a year. “With progress… Read More »Economic & investment outlooks all hinge on common thread

Wednesday, Sep. 29, 2021, 11:39 AM DENVER –  DealerPeak, whose goal is to bring “joy back into the process” of buying and selling a car, is partnering with Dealer Wizard to help stores adapt to used-car inventory shortages.  The new partnership is designed to help dealer groups share to-the-penny offers with customers to increase inventory and monthly service and sales revenue.  “In today’s difficult environment where inventory is scarce, trade-ins are gold. Through this partnership, our clients can take advantage of enterprise-level mining tools to not only find those valuable trade-ins, but then… Read More »Dealer Wizard, DealerPeak partnership helps dealers secure trade-in inventory

Wednesday, Sep. 29, 2021, 11:39 AM DENVER –  DealerPeak, whose goal is to bring “joy back into the process” of buying and selling a car, is partnering with Dealer Wizard to help stores adapt to used-car inventory shortages.  The new partnership is designed to help dealer groups share to-the-penny offers with customers to increase inventory and monthly service and sales revenue.  “In today’s difficult environment where inventory is scarce, trade-ins are gold. Through this partnership, our clients can take advantage of enterprise-level mining tools to not only find those valuable trade-ins, but then… Read More »Dealer Wizard, DealerPick partnership helps dealers secure trade-in inventory

Wednesday, Sep. 29, 2021, 11:13 AM CHICAGO –  Third-party logisitcs brokerage Montway Auto Transport has hired two new c-level executives this week. Chosen as the company’s new chief operating officer is Kaye Ceille, while Alberto Anguiano has been named its new chief financial officer.  These moves are designed to help continue future development and growth, Montway said. Ceille brings over 25 years of experience within the transportation and travel business, while Anguiano has over 20 years of economic and enterprise experiernce.  “Kaye Ceille and Alberto Anguiano convey tremendously helpful and distinctive experiences to Montway’s government workforce,” Montway president and chief executive officerDimitre Kirilov… Read More »Montway Auto Transport expands executive team with COO, CFO appointments