Carmigo Launches Independent Auction Marketplace Initiative Led by Industry Veteran Peter Lavallee
Tupelo, MS
As auction industry leadership gathers this week at the Spring Remarketing Exchange in Dallas, TX to chart the future of the industry, Carmigo announced the launch of its Independent Auction Marketplace Initiative, a national effort to provide independent auctions with a scalable, auction-controlled online sales channel.
The initiative will be led by Peter Lavallee, architect of the original facilitating auction model that helped independent auctions compete at scale in the digital era.
Lavallee joins Carmigo as Executive Vice President of Auction Partnerships to build a national network designed specifically for independent auctions, not in competition with them.
“Independent auctions have operated at scale for decades,” said Andrew Warmath, CEO of Carmigo. “They deserve an online channel that works for them, not around them. This initiative is about giving independents control, scale, and durability in the next phase of digital wholesale.”
A New Chapter for Independent Auctions
In the wake of recent industry disruptions, independent auctions are reevaluating how they access digital demand. Carmigo’s model allows auctions to:
List outside-the-gate and no-sale inventory seamlessly
Retain operational control of transactions
Access a growing national buyer base
Preserve auction relationships while expanding reach
Unlike legacy marketplace models, Carmigo’s platform is designed to operate as an extension of the auction, not a replacement. Lavallee, who previously oversaw thousands of annual transactions within a facilitating model framework, sees this as a pivotal moment.
“Independent auctions are not looking for another vendor,” said Lavallee. “They’re looking for a partner with shared interests. We are not a bank, We are not a physical auction. Carmigo provides the technology needed to enable independent auctions to sell cars digitally.”
Carmigo is currently partnering with a select group of independent auctions to pilot the new facilitation model. These early partnerships are focused on refining operational workflows and buyer activation to ensure the platform scales responsibly. A broader national rollout is expected later this year.
For more information regarding this initiative, contact Peter Lavallee at peter@carmigo.io
Taking Carmigo to the Caribbean: Marcus King Explores the Legacy of the Island Cruiser
When Senior Vehicle Inspector, Marcus King, traveled to Jamaica, the mission was part interview, part immersion, and part inspiration. Marcus sat down with Patrick Marzouca, founder of Excel Motors, to document the remarkable story behind Jamaica’s only locally built production vehicle—the Island Cruiser. Beyond the conversation, Marcus drove the Cruiser through Savanna-la-Mar, experienced it on real Jamaican roads, and left with a bold aspiration: to one day help reproduce and revive the Island Cruiser for a modern era.
A Car Born from Economic Necessity and National Pride
Patrick Marzouca, Founder of Excel Motors
Excel Motors was founded in 1996 in Savanna-la-Mar, Jamaica, not as a vanity project, but as a response to a deeper national problem. As Patrick Marzouca explains in the interview, Jamaica’s manufacturing sector had been effectively dismantled in the 1990s, leaving the country dependent on imports and stripped of skilled industrial jobs.
Marzouca’s motivation was clear and unapologetic: Jamaica needed investment, and Jamaicans needed work.
He recognized that nearly every vehicle on the island was designed for foreign roads, foreign fuel, and foreign conditions. Suspensions failed early, engines suffered, and long-term durability was compromised. The Island Cruiser was conceived to fix that problem—to be a vehicle built specifically for Jamaican roads, fuel quality, climate, and use cases.
Engineering the Island Cruiser: Simple, Strong, and Purpose-Built
The Island Cruiser’s engineering philosophy was intentional simplicity backed by smart design. At its core was a ladder-frame steel chassis, strong enough, as Marzouca put it, “you could put a tank on it.” The suspension system—Toyota-derived but heavily modified—featured four-wheel independent struts with adjustable coil springs, a setup virtually unheard of for a small, locally built vehicle at the time.
During early testing, the prototype surprised even its creators. On Jamaican roads, it reached speeds over 120 mph, forcing the team to redesign elements like the windshield rake to improve aerodynamics and stability. Final production models were still capable of exceeding 110 mph, with specialty variants reaching higher speeds.
Power came from Toyota 5A-FE fuel-injected engines, remanufactured to factory specifications, paired with automatic or five-speed manual transmissions. Disc brakes up front, drums in the rear, and a fully structural roll cage pinned directly to the chassis made the Cruiser not just fun—but exceptionally safe.
In fact, across more than 400 vehicles produced, Marzouca states plainly: There was never a single fatality in an Island Cruiser.
Built to Last, and to Be Rebuilt
One of the Island Cruiser’s most forward-thinking concepts was its lifecycle design. Unlike disposable modern vehicles, the Cruiser was engineered to be renewed. After years of use, owners could bring the vehicle back to be refitted with a new engine, suspension, and refreshed body—returning it to the road at roughly half the cost of a new car.
This model proved successful in rental fleets and commercial use, especially in tourism-heavy regions. Fiberglass body panels resisted corrosion, the treated chassis resisted rot, and the mechanical simplicity made repairs easy—even in roadside workshops.
One story from the interview captures this perfectly: after a front-end accident damaged the radiator, a local mechanic repaired the vehicle on the spot, and it continued its journey to Kingston the same day.
Jamaican Manufacturing at Its Peak
At full production, Excel Motors employed 110 people, each trained for a specific role in a fully manual, trolley-based production line. Everything—from chassis fabrication to interior installation—was done locally. The Island Cruiser achieved a staggering 68.5% local value-added, an unprecedented figure for any Jamaican-made product at the time.
Parts sourcing blended global quality with local assembly:
• Lighting components from Michigan • Jeep-sourced taillights • European fasteners and fittings • Wheels custom-manufactured in the United States
Hans Fleischer
Every vehicle carried a subtle tribute to one of Excel Motors’ greatest allies: the serial numbers began with “HF”, honoring Hans Fleischer, a German automotive expert whose guidance helped refine the Cruiser’s engineering and production standards.
Export Success—and Financial Betrayal
Despite skepticism, the Island Cruiser succeeded internationally. Vehicles were exported to the Bahamas, Turks & Caicos, and Barbados, and additional orders were lined up for Panama and South America. Yet, according to Marzouca, the company’s downfall was not lack of demand—but lack of financing.
Foreign-controlled banks repeatedly refused to fund material purchases and development, even when confirmed export orders existed. In one devastating instance, Marzouca lost over $5.5 million USD out of pocket when financing collapsed mid-deal. The company survived longer than expected—but eventually, the financial pressure became insurmountable.
Exceeding Expectations
Driving the Island Cruiser through Savanna-la-Mar, Marcus King immediately felt what Marzouca had described.
The ride was rugged yet smooth, with tight steering, minimal body roll, and impressive composure over uneven roads. The Cruiser climbed hills without downshifting, handled corners flat and stable, and felt equally comfortable in traffic or on open stretches.
Marcus notes the visibility, cabin space, and sense of structural solidity, qualities that made it clear this vehicle wasn’t just nostalgic; it was genuinely well engineered.
His verdict was simple: The Island Cruiser exceeded expectations.
Not Just History—A Blueprint for the Future
Although Excel Motors ceased production, the Island Cruiser never truly disappeared. Many still operate across Jamaica today, some even converted to propane fuel, running reliably after decades of use.
For Marcus King and Carmigo, this isn’t just a historical footnote—it’s a blueprint. The Island Cruiser proves that small-scale, purpose-built manufacturing can succeed when design, culture, and real-world needs align. With renewed global interest in durable, character-driven vehicles, the Cruiser’s story feels less like an ending—and more like a pause.
As Marcus hints at the close of the interview: Excel Motors may not be finished history yet.
Marcus is now restoring an authentic Island Cruiser he traveled to Jamaica to acquire. With a clear vision for the future, he plans to pursue investors to help reproduce the vehicle and carry its story forward.
To learn more about the Island Cruiser and to follow Marcus King’s journey to reproduce it, visit excelmotorsislandcruiser.com
"In 2025 we are going to be more focused than ever on delivering a stellar customer experience for our dealers. It’s all about perspective - no matter the size of our competitors, we know our dealers value the level of service we provide more than anything."
TUPELO, MS – Carmigo is excited to announce the promotion of Chris Michael to General Manager. Michael has played a pivotal role in Carmigo’s recent growth, previously serving as Vice President of Operations since early 2024. His leadership has been instrumental in scaling Carmigo as a dealer-to-dealer online wholesale platform.
Since joining Carmigo in April 2021, just months after the company’s inception, Michael has overseen the company’s operations department – including its inspection and post-sale support teams. As General Manager, he will now also manage Carmigo’s rapidly growing sales team – driving expansion initiatives and continuing to build relationships with its dealer network
“Chris has been integral to Carmigo’s success since the very beginning,” said Andrew Warmath, CEO and Co-Founder of Carmigo. “He has been eager to help wherever we have needed him, and he always delivers results. His promotion to General Manager is well-deserved, and I have full confidence in his vision and leadership as we enter the next phase of Carmigo’s journey.
Under Michael’s tenure as VP of Operations, Carmigo experienced substantial growth. His expertise was critical in growing and enhancing the company’s inspection team, which collaborated closely with dealer sales representatives in each market.
“I’m honored to step into this new role and continue working alongside our talented team,” said Michael. “In 2025 we are going to be more focused than ever on delivering a stellar customer experience for our dealers. It’s all about perspective – no matter the size of our competitors, we know our dealers value the level of service we provide more than anything.
Michael’s promotion aligns with Carmigo’s strategic goals to strengthen market presence as the company continues its ambitious expansion plans across the Southeastern United States.
Carmigo Partners with CarBucks to Offer Flexible Floor Plan Pricing
CarBucks offers flexible, long-term floor plans for the purchase and holding of your dealership’s inventory.
This exciting new integration means you can secure the inventory you need as it becomes available.
Carmigo now accepts floor plan pricing through CarBucks. No more waiting to reserve the necessary stock you need for your dealership due to pricing limitations.
CarBucks is a viable solution if you are a dealership looking for quick cash flow, and offers great terms that you won’t find with other floor plan financing. They have a simple application process, transparent pricing, and competitive terms. In fact, their plans have no curtailments for maximum cash flow–up to 180 days.
Carmigo is excited to partner with CarBucks to offer these flexible finance options to our dealers. We believe their transparency and “customer-first” approach aligns well with our own company values, and will further aid us in making wholesale as easy as possible for dealerships.
Carmigo Partners with Westlake Flooring Services to Offer Inventory Financing
Westlake's mission is to provide competitive floor plan financing options to help auto dealers finance any type of remarketed unit with flexible finance terms and account management.
Carmigo now accepts floor plan pricing through Westlake Flooring Services, a company that has financed over 190,000 vehicles for more than 2,500 dealerships in over 46 states.
Westlake Flooring is a viable solution if you are a dealership looking to purchase customer trade-ins, dealer to dealer transitions, auction inventory, and vehicles from other sources– allowing you to stock your lot with inventory your customers are searching for. Their cutting edge technology and personalized service offers an exceptional floor pricing experience for dealers.
Carmigo is excited to partner with Westlake Flooring to offer these flexible finance options to our dealers. Talk with your Carmigo Dealer Sales Representative to start using Westlake Flooring Services on Carmigo today.
What your dealership can learn from the CDK outage
Buckle up, it’s time for a cybersecurity lesson
As cybersecurity professionals commonly point out, the only time most companies care about cybersecurity is after an attack. Lucky for us, the CDK outage can be a wake up call for us all.
In the case of CDK it’s unclear what type of attack led to their outage. However, according to IBM’s Cyber Security Intelligence Index Report, human error was a major contributing cause in 95% of breaches in 2021.
This means no matter how unlikely it may feel, your dealership is vulnerable to cyberattacks that can limit your ability to conduct business and affect your bottom line.
Here are the most basic steps you can take today to make sure your dealership remains secure:
Implement a mandatory password manager for all employees
A password manager not only relieves the burden of memorizing passwords for hundreds of accounts, but they also grant the option to generate strong passwords that cyber attackers can’t brute force.
Educate employees about common exploits cyber attackers use to bypass security measures
There will never be a comprehensive training for ALL ways cyber attackers exploit businesses, but training on the most popular exploits can help employees avoid the most common pitfalls.
This article from UpGuard does a great job outlining these most common threats and how to avoid them.
Create a culture of healthy skepticism
If somebody gets a strange email from a co-worker, or if an employee made a questionable download on their work laptop, the best thing that can happen is they report it and not feel like they need to hide it. Emphasize to all employees that it’s never wrong to ask if something feels off, and reward those who take extra precautions.
Updates from Carmigo
We Listed 100+ Wholesale Units
Last Friday
Here’s what went down:
Cars Sold
0+
Buyers Active on the Auction
0+
Awarded in Giveaways
$K
Want to get in on a slice of the action? Talk with your Carmigo Dealer Sales Representative today about giving Carmigo a shot at your wholesale inventory.
How to Make Our Notifications Work for You
Our new notification system puts you in control. Here’s how.
You may have noticed a difference in the types of notifications you’ve been receiving from us.
Our product team launched a new and improved notification system earlier this month, so you can keep tabs on what’s important to you and nothing else.
Here’s how to set it up to best serve you:
Login to Carmigo and select the bell icon in the top right hand corner.
You can view and/or clear current notifications from this panel.
To change your notification settings, select the gear icon in upper right corner
Choose which notifications you want to receive and how you want to receive them
Carmigo and VINCUE Forge Partnership to Give Dealers Better Tools for Wholesale
Users will now utilize live market data for precise decision-making in online wholesale acquisitions across both systems.
Users will now utilize live market data for precise decision-making in online wholesale acquisitions across both systems.
TUPELO, Miss. — Carmigo and VINCUE announce a new partnership set to transform the way dealers buy and sell used cars. This collaboration empowers users on both platforms with unprecedented access to vital live data and a wider array of wholesaling options.
With this innovative integration, Carmigo users can now effortlessly view recent retail transactions and the average retail price for cars listed on Carmigo, all powered by VINCUE live market data. Carmigo has also partnered with VINCUE to power their RetailScore, which shows dealers which cars in their inventory are likely to sell at retail and which are good candidates for wholesale.
Meanwhile, VINCUE has incorporated Carmigo into its Trade Network and Buying Plan, granting VINCUE dealers access to the thousands of used car listings available on Carmigo’s one-day auction and marketplace.
“We’re excited to be partnering with Carmigo to give users on both platforms access to better data and more options for buying and selling used inventory,” said Chris Hoke, Founder, CEO, and CTO of VINCUE. “By working together, our dealers can make wholesale easier and more efficient.”
VINCUE’s comprehensive inventory management system is designed to streamline the buying, appraising, and selling process, enabling dealers to adopt a more scientific approach to inventory management.
“VINCUE is bringing a lot to the table for our dealers,” said Andrew Warmath, CEO and Co-Founder of Carmigo. “We want to make it easy for dealers to make informed buying decisions. Adding VINCUE live market data is a powerful tool to help our users buy smart.”
Carmigo users can buy and sell on a one-day auction or untimed marketplace. They also offer Carmigo Turn which helps dealers increase used inventory turn and protect their profits.
Carmigo is an online marketplace and wholesale platform for dealerships. They provide tools to help dealerships increase used inventory turn and source consumer cars for their dealership. The startup works with dealerships across the nation, but is based in Tupelo, MS, and is rapidly expanding its team.
About VINCUE
VINCUE is transforming the retail automotive software industry by providing dealers with new, innovative end-to-end inventory lifecycle management and market pricing solutions. This gives dealers access to real-time data and tools in a single system to stock smarter, increase turn, compete effectively, and above all else — maximize profits.
Penske Net Income Down 28%, despite sales increase
Feels like deja vu, right?
Last month we covered how CarMax reported a 25% decrease in net income, despite an increase in sales. Penske Automotive reported near identical results in their latest earnings - 28% decrease in net income despite a 1% increase in sales.
As customers opt for new cars, used inventory is aging longer than ever – all while racking up holding costs and depreciating like a rock.
Penske and CarMax have shown us that sales growth is not enough to outpace depreciation and holding costs, increasing your used car turn is a must. Start working with your Carmigo DSR today so your dealership doesn’t fall prey to these new market conditions.
A quick look at how our product team has been improving Carmigo
Real-time market data in partnership with VINCUE
Average retail sale price now available when browsing
View past retail transactions in your market
In-app notifications are here
– View current and past notifications in the brand new notification center
– Get real time updates on listings relevant to you while logged in
– Overhauled email and SMS notifications based on your feedback
These are just a few of the many improvements the team has made this month. If you have feedback on how to improve the Carmigo experience, share it with your Carmigo Dealers Sales Rep and they can share it with the product team. We love hearing feedback from our users.
Welcoming Carmigo’s Memphis Dealer Sales Representative, Jennifer Little
She brings more than fourteen years of automotive experience to the team.
We’re thrilled to welcome the newest member of the Carmigo team – Jennifer Little. She has joined as a Dealer Sales Representative for our Memphis, TN market as we continue to expand our dealer network across the South. She brings more than fourteen years of automotive experience to the team.
Little joins us from ADESA where she worked as a sales manager. She has an extensive background in the auction world, having worked more than 14 years in outside sales, arbitrations and management.
This newest expansion of our team directly aligns with the launch of Carmigo Turn – our new wholesale platform designed to help dealers increase their used inventory turn. If you’re in one of our markets and want to see how Carmigo can make it easier to manage your lot, give us a shout. We’d love to help.
Carmigo announces promotion of Austin Hille to Director of Marketing
Hille has served in the company’s leadership for more than two years, and is now taking on a new role and responsibilities
Carmigo has announced the promotion of Austin Hille to Director of Marketing.
Hille left his role as Manager, Marketing Strategy at C Spire to join Carmigo in November 2021. He was the company’s first full-time marketing hire. Since then, Hille has taken on a wide range of responsibilities within the company.
“We originally brought Austin onboard to build out our consumer marketing strategy, but as Carmigo has taken on more of a dealer-to-dealer focus, we needed him to step outside of his original role,” said Andrew Warmath, CEO and Co-Founder of Carmigo.
“While marketing is still his primary responsibility, we’ve all been impressed with his ability to serve the company’s goals wherever we need him.”
Hille has managed projects within product, sales, and operations. Most recently he oversaw the launch of the company’s new wholesale platform – Carmigo Turn.
He’ll now work alongside other departments to ensure the company’s growing salesforce has the support it needs to scale their dealer network, and will continue to build out a dealer-focused marketing strategy.
“2024 will be a massive year of growth for us,” said Hille. “I am happy to help in any way I can to help us realize our goals this year. It’s been a privilege to work with the team at Carmigo thus far, and I am excited about what the future holds for us.”
Carmigo launched Turn alongside a suite of improvements for its users on February 1. In the first quarter of 2024, the company has more than tripled its salesforce and is anticipating unprecedented growth throughout the year. Visit carmigo.io to learn more.
About Carmigo
Carmigo is an online marketplace and wholesale platform for dealerships. They provide tools to help dealerships increase used inventory turn and source consumer cars for their dealership. The startup works with dealerships across the nation, but is based in Tupelo, MS, and is rapidly expanding its team.