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Top Auto Remarketing News

Donald Trump

New EV Sales Jump Almost 30% in First Half of Year

49% Center coverage: 8 sources

Sales of new electric vehicles jumped almost 30% in the first half of the year when compared to the same time last year.See the Story

Inflation · Emporia

Manheim Used Vehicle Value Index Rises in June as Auto Market Continues To Be Impacted by Tariff-Driven Volatility

72% Center coverage: 7 sources

The Manheim Used Vehicle Value Index climbs to 208.5, up 6.3% year over year and 1.6% month over month, reflecting seasonal strength despite tariff-driven volatility.Retail demand remains solid as off-lease supply continues to tighten, supporting higher used-vehicle values.The used-vehicle market…See the Story

Artificial Intelligence · United States

Impel advances automotive AI with domain-tuned LLM and industry-first safety research initiative

NEW YORK, July 15, 2025 /PRNewswire-PRWeb/ — Impel, the global leader in AI solutions for the automotive industry, today announced two major milestones in its ongoing mission to deliver safer, more effective, and more contextually aware AI for the automotive sector: the public showcasing of its domain-tuned, production-grade LLM and the release of Archias, a research-first expert model designed to advance AI safety standards across high-context …See the Story

Bosak’s sale of 9 dealerships year’s largest; Ohio’s oldest Ford store sold; DCG partners with Concours d’Elegance

The midsummer dealership buy-sell frenzy has culminated in the biggest sale of the year — so far. Bosak Auto Group sold all nine of its Northwest Indiana dealerships in two separate transactions to Victory Automotive Group and Graff Family of Dealerships, according to Haig Partners, which represented the seller. Fast-growing Victory, based in Michigan, has acquired Bosak Honda in Highland, Bosak Chrysler Dodge Jeep RAM in Merrillville, Bosak Nis…Marysville, Ohio · Marysville Read Article

First year-over-year decline in auction sales volumes since late 2022

June marked the first time in more than two-and-a-half years that wholesale auction sales fell on a year-over-year basis, according to the latest AuctionNet data from the National Auto Auction Association. While year-to-date auction sales are up close to 6%, last month’s volumes were off 1.9% from June 2024 (selling-day adjusted), coming in at 540,200, NAAA said. The last time sales dipped year-over-year was December 2022 — some 30 months ago. I…United States · United States Read Article

Plug to sell consumer EVs from Recurrent platform to dealers

Two of the leaders in the used electric vehicle space have teamed up to take used EVs from consumers and sell them to dealers. Plug, which is an online wholesale auction specifically for used EVs, has partnered with Recurrent to be the exclusive wholesale partner for the EV analytics provider’s consumer-facing “Sell with Recurrent” program. In essence, Plug will purchase consumer vehicles listed on the Sell with Recurrent platform and then sell …United States · United States Read Article

COMMENTARY: The shifting sands of inventory & why dealers must look beyond the auction lane

For years, the auction house has been a cornerstone of inventory acquisition for auto dealers. It offered a seemingly reliable pipeline of vehicles to replenish lots and meet consumer demand. However, the landscape has dramatically shifted, leaving many retailers to deal with a new frustration: the increasing difficulty of finding quality inventory without succumbing to exorbitant prices. The rising tide of auction costs and scarcity One of the …United States · United States Read Article

New GMs at ADESA auctions in Shreveport, Little Rock, Indianapolis

ADESA announced new leaders at three of its auctions. Tonya Thomas has been named general manager of ADESA Shreveport, Tommy Howard is the new GM of ADESA Little Rock and Eric Renfro has taken the reins as GM of ADESA Indianapolis. Thomas has been with ADESA Shreveport for more than 35 years, serving as commercial accounts manager, fleet/lease manager and office manager while developing her knowledge of the auction industry and building relation…Little Rock · Little Rock Read Article

Vehlo completes second service-drive technology acquisition in less than 2 months

For the second time in less than two months, Vehlo made an acquisition. The provider of integrated software and financial solutions for the automotive repair industry on Wednesday announced its acquisition of Total Customer Connect (TCC), a provider of customer retention and service lane technology for automotive dealerships. In late May, Vehlo acquired Dealer Pay, a provider of dealer-specific payment processing systems. By uniting the strength…Read Article

Autotech Startup ServiceUp Lands $55M In Series B Funding

100% Center coverage: 1 sources

ServiceUp, a platform that automates and manages the vehicle repair process, has raised $55 million in a Series B round of funding led by PeakSpan Capital.United States · United States See the Story

Toyota Provides $600,000 for Texas Flood Relief

PLANO, Texas, July 8, 2025 /PRNewswire/ -- Toyota Motor North America (TMNA) is partnering with Toyota Financial Services (TFS), Gulf States Toyota (GST), Southeast Toyota (SET), Vic Vaughan Toyota of Boerne and Toyota and Lexus dealers nationwide, to provide a…Floods · Texas See the Story

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Top Auto Remarketing News

New EV Sales Jump Almost 30% in First Half of Year

Manheim Used Vehicle Value Index Rises in June as Auto Market Continues To Be Impacted by Tariff-Driven Volatility

Impel advances automotive AI with domain-tuned LLM and industry-first safety research initiative

Bosak’s sale of 9 dealerships year’s largest; Ohio’s oldest Ford store sold; DCG partners with Concours d’Elegance

First year-over-year decline in auction sales volumes since late 2022

Plug to sell consumer EVs from Recurrent platform to dealers

COMMENTARY: The shifting sands of inventory & why dealers must look beyond the auction lane

New GMs at ADESA auctions in Shreveport, Little Rock, Indianapolis

Vehlo completes second service-drive technology acquisition in less than 2 months

Autotech Startup ServiceUp Lands $55M In Series B Funding

Toyota Provides $600,000 for Texas Flood Relief

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