ACV Auctions said Wednesday that it has expanded into northeast Ohio, Washington D.C., and eastern Massachusetts, while also announcing it will debut  a new incentive program for multi-site dealerships at the NADA Convention & Expo this week.  In addition to the three new territories, the company ended 2016 entering upstate New York, western Massachusetts, Pittsburgh and […] [Read More]

Value retention for car segments is at a six-month high, according to Black Book, and the movement in one particular segment is proving to be “an encouraging sign.” Overall, car segments saw a 0.39-percent depreciation rate last week, the company reported in the latest Black Book Market Insights report. It was at 0.43 percent for […] [Read More]

Reconditioning technology provider Dent Wizard International announced on Monday it recently moved its F&I division and customer service and claims management team to a new call center at a facility located one mile from the company’s headquarters in St. Louis.  Dent Wizard said the move is in response to continued growth of its F&I business. […] [Read More]

 After climbing an average of 5 percent in the first quarters of the previous two years, used-car prices showed just 1-percent sequential growth in Q1 of 2016 — an “unusually low” amount, according to J.D. Power Valuation Services. The December-to-March change this time around? Expect something right down the middle. The company’s latest Guidelines report […] [Read More]

In the dealer group’s third-quarter earnings call, AutoNation chief executive Mike Jackson addressed not only how AutoNation is going to procure inventory to fill its AutoNation USA standalone used-car store locations, the dealer group boss also touched on why the company is delving deeper into the auction business. First, AutoNation explained how it will find […] [Read More]

The National Auto Auction Association had projected that auction volume would reach 9.7 million units last year. Turns out, it was even better than expected. And this year, volume could be the strongest it has ever been.  NAAA said in an Economic Report compiled by its economist Ira Silver that auction volume reached 9.8 million […] [Read More]

MetroGistics, a provider of automotive logistics services, recently announced four different executive promotions. The personnel moves the company made are: — Jeremy Cope to executive vice president, operations and strategy — Martha Garcia-Perry to vice president, growth initiatives and integration — Dustin Ruch to vice president, business development — Melissa Trautman to vice president, marketing […] [Read More]

Manheim announced on Thursday it updated its website and mobile app with new time-saving services and tools it will demonstrate at the NADA convention next week. Manheim.com and the Manheim mobile app now allows clients to simultaneously manage their business across multiple Manheim locations and access more services on-demand. “With these new capabilities on Manheim.com […] [Read More]

KAR Auction Services chief economist Tom Kontos used a term to describe December wholesale price moves that dealership personnel who have a military background might know from their days of basic training and daily marches. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale prices in December averaged […] [Read More]

On Wednesday, Alliance Inspection Management (AiM) announced that it released AiM Verify, a newly developed proprietary wholesale floor plan system that provides lenders custom vehicle inventory audits for their dealership networks throughout the U.S. and Canada. “When developing the AiM Verify platform, we looked for ways that we could incorporate new technology to create a […] [Read More]