“You don’t normally see quite this big a rollercoaster ride on these lines, but the last two years threw all the rules out the window. So, everyone’s kind of reacting.” While this quote from Joe Miller could really apply to any aspect of wholesale automotive (or society in general?), the vice president of client experience […] [Read More]

Digital auto auction EBlock has expanded to the Southeastern U.S. The company said Thursday that beginning Feb. 22, dealers in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, Virginia and West Virginia will be able to utilize the dealer-to-dealer auction platform. EBlock launched in Canada in 2015 and entered the U.S. market in 2019. […] [Read More]

During a week where the online wholesale vehicle market has been front-and-center, Vehicle Acquisition Network had some news of its own to share Wednesday. The company, which gives dealers an avenue to source used vehicles from private parties, named a new chief operating officer.  Appointed to the position was Mark Curcio, who has been with […] [Read More]

Alex Vetter and the team at CARS believe that “technology’s the great equalizer.”  And that’s at the core of their goals for the planned acquisition of the Accu-Trade group, as Cars.com looks to “give technology back to the local dealership” through more efficient ways to source used-car inventory. In this case, those avenues would be […] [Read More]

Black Book spotted widespread wholesale value declines happening last week, as analysts also noticed one particular circumstance that they called a “good sign” for the spring market. According to Black Book’s latest installment of Market Insights, overall wholesale prices dipped 0.49% during the span that wrapped up on Saturday. That’s after a week when values […] [Read More]

Through a massive acquisition announced Tuesday, Cars.com will be entering the digital remarketing and wholesale vehicle acquisition space, as well as the consumer peer-to-peer market. Cars.com has agreed to buy the Accu-Trade group that incudes Accu-Trade, Galves Market Data and MADE Logistics for $65 million cash. The purchase would also include potentially more cash and […] [Read More]

They’re still up more than 40% from prior-year levels, but wholesale vehicle prices last month were more or less flat from December, according to the latest reading of the Manheim Used Vehicle Value Index. Of course, the level at which used-car prices remain steady? It happens to be … [Read More]

CDK Global has entered the online wholesale space, launching a new marketplace called CDK CarSource that is designed to connect dealers to used-car inventories from other dealers across the country. Fred Fordin, vice president, DMS at CDK Global, joins the show to explain more about how the platform will work and what sets it apart […] [Read More]

The National Auto Auction Association named three new Warren Young Fellows last week, recognizing the following auto industry leaders: — Joe Oliveri, vice president of product management and data services at KAR Global — Elton O’Neal, senior director of data strategy at Cox Automotive — Brian Green, vice president of corporate business development at Cox […] [Read More]

Even before the recent used-car supply changes, dealers were increasingly turning to a variety of channels to acquire wholesale inventory. And these days, the “buy anywhere” approach is of paramount importance as traditional wholesale sources have limited supply. With that in mind, vAuto has launched ProfitTime’s Global Acquisition tool, which is designed to help dealers […] [Read More]