KAR Global said Monday that Black Book’s VIN decoding and pricing algorithms have been integrated with KAR’s digital offerings. This means that automakers, dealers and others in the auto industry will be able to provide consumers with instant, VIN-specific guaranteed trade-in values on their respective websites or mobile apps. The expanded relationship between KAR and Black […] [Read More]

Now being led by an interim chief executive officer, Hertz is setting its sights on being in a better position for shareholders. Hertz announced on Monday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed public offering of its common stock. Hertz’s […] [Read More]

J.D. Power Valuation Services — the presenting sponsor of Pre-Owned Con at Used Car Week — offered its latest assessments of wholesale prices and volume through its latest installment of Guidelines. For consignors with vehicles to send to auction, the trends continue to be favorable. For dealers needing inventory to keep their blacktops from looking […] [Read More]

When someone doesn’t pour beer correctly, a lot of “froth” could form, limiting how much of the cold beverage ends up in your glass. ALG used “froth” as part of their imagery to summarize its updated residual value forecast after going through the four ingredients analysts used to form it. [Read More]

KAR Global said Thursday it has completed its $450 million all-cash purchase of CARWAVE. The purchase of the online wholesale platform, initially announced in August, adds to the company’s “fast growth in the dealer-to-dealer segment, accelerates profitability, positions the company to achieve its long-term goals and enhances the company’s differentiated combination of digital marketplaces and […] [Read More]

Especially when manufacturing capacity increases to make more new models available, Merchants Fleet now has more financial resources to take advantage of the opportunity. On Wednesday, the fleet management company announced a major expansion of its core member funding group to include some of the top banks in the world, enabling the Merchants Fleet to […] [Read More]

Black Widow, an automated imaging company in the automotive industry, announced a new chief operating officer Tuesday. Hired for the position is Darren Kemper, who was most recently the director of business analytics at ADESA. Kemper has more than 20 years of IT software engineering and organizational experience. He will take on the day-to-day operations […] [Read More]

Your family might be all about pumpkin spice to give your home that fall feel, but the wholesale landscape currently conveys a springtime vibe. [Read More]

CarLotz is doubling down in the Lone Star State. The consignment-to-retail used-car marketplace announced Monday that it has opened a hub in Plano, Texas, its second location in the state. This new hub, located in the Dallas-Fort Worth Metroplex, complements its sister location in San Antonio. “Through our #LotzOfLove initiative and the non-profit Dogs Matter, […] [Read More]

vAuto now has a new offering within vAuto Provision, a suite of tools that can help dealers adopt a more transparent and turn-focused approach to used-vehicle acquisition, appraising, pricing and merchandising based on real-time, local market supply-and-demand data. That new feature is Wholesale Hub.  Here's how it works: Wholesale Hub  is the "new way to wholesale inventory from within […] [Read More]