By Jon LeSage, Editor, Used Car Market Reports
Here’s a few significant remarketing news developments during the past week:
- Autobytel’s $25 million acquisition of its competitor Dealix will bring more used-car leads to Autobytel, a segment that Dealix had been ahead of Autobytel on. Dealix’s large consumer-facing site has been UsedCars.com. Overall, the most substantive benefits to the dealer clients of both companies is enhanced analytics, consumer acquisition strategies, and product development teams. The acquisition adds approximately 600 retail new dealers and 300 retail used dealers to the Autobytel network, for a combined total of approximately 4,954 dealers.
- ADESA subsidiary AutoVIN has acquired DataScan Field Services, a vehicle inspection business. DataScan taps into its internet-based technology to serve automakers, financial institutions, leasing companies, and warranty companies with its vehicle inspection services. ADESA is excited to bring in 500 new employees to the KAR group of companies and to provide an improved product to its customers.
- Greater Rockford Auto Auction has become a member of ServNet. That expands ServNet’s reach into Illinois. The Clark family, which founded Greater Rockford, is now in its third generation of ownership. The family, which has operated the auction more than 40 years, is highly regard and known throughout the region for dedication to customers and brings an even stronger presence in one of the country’s leading automotive markets, said ServNet President Patty Stanley. Greater Rockford offers six lanes, recon services, on-site mechanical services, inspection, transportation, simulcast, and an in-house floor plan program.