No, that’s not a typo in the headline of this report. On Monday, Copart announced that it has opened its third location in Germany. The facility is located at Bruchmühlbach-Miesau, near Mannheim, Germany. Copart indicated the first vehicle auction at the new Mannheim location will be on Tuesday. “Our buyers’ appetite for vehicles in Germany […] [Read More]

RumbleOn, which has initially focused on motorcycles and other powersports vehicles, has had its eye on “adjacent markets.” Friday, it expanded into one of those: the automobile market. The company — which provides an ecommerce platform for dealers and consumers to buy, sell, trade and finance pre-owned vehicles — announced definitive agreements to purchase Wholesale, […] [Read More]

Used-car managers looking for high-line units now potentially have more options via DealersLink. On Wednesday, DealersLink announced it has launched Sixt Remarketing inventory within its marketplace. Sixt is adding more than 1,000 off-rental vehicles to the national dealer-to-dealer marketplace. And to help stores find just what they need to satisfy a customer request, Sixt’s nationwide […] [Read More]

Normal things you see in October are here: Children excited about Halloween around the corner, homecoming football games and leaves turning into a brilliant array of colors. And along with those things, even more good news for dealers: Wholesale prices are behaving typical for October, according to the latest edition of Market Insights from Black […] [Read More]

LeasePlan USA will have a new president and chief executive officer effective Jan. 1. According to an announcement posted this week, LeasePlan USA will be led by Matt Dyer, who previously has been the managing director for LeasePlan UK. The company highlighted Dyer brings with him more than 20 years of experience working for LeasePlan […] [Read More]

The workforce is changing. Baby boomers are retiring. Millennials want jobs that offer clear career paths — plus training, flexibility to telecommute and/or spend more time with family, and they aren’t afraid to job hop. Amanda Looney, manager of talent acquisition at Insurance Auto Auctions, and Will Farmer, executive director of dealer sales at TradeRev, […] [Read More]

Some dealers might see car haulers arrive at their stores a dozen times or more during a 60-day span, depending on inventory needs and which units are crossing the block. Manheim is offering its dealer clients an exclusive 60-day free trial to experience what the company believes is a cost-effective way for them to manage […] [Read More]

With the wholesale price declines for cars beginning to accelerate, Black Book representatives mingling with dealers in lanes nationwide uncovered five interesting trends; ones that might be happening at your local sale or your favorite online bidding platform, too. First, let’s look at the numbers included in this week’s edition of Black Book Market Insights. […] [Read More]

Technical issues never come at a good time, and that’s especially true when they happen in the final hours of the Used Car Week early bird registration deadline. We are aware that our registration system is experiencing technical issues, and we want you to know that our team is working on the solutions. Due to […] [Read More]

Sagent Lending Technologies, a joint venture between Fiserv and Warburg Pincus that was previously known as Fiserv Lending Solutions, announced last week that its VehicleLinq auto account servicing platform has been integrated into AutoIMS. AutoIMS is a technology service provider for the vehicle remarketing industry, and its platform connects commercial consignors, auctions and third-party providers.  The […] [Read More]