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]

Hertz will have a new chief executive officer at the end of the month. The rental car company named to former Goldman Sachs executive Stephen Scherr to the CEO role on Friday. Scherr, who spent close to three decades at Goldman Sachs and left his role as chief financial officer at the end of 2021, […] [Read More]

We start this auction news roundup with the latest from Black Widow Imaging. The company announced two upgrades to its high-definition image capturing system on Wednesday. First, the platform now captures 17 images, up from seven. Additionally, Black Widow also introduced automated background replacement software for automakers and dealers, through which the company can remove […] [Read More]

Add another major player to the growing online wholesale space. CDK Global announced Wednesday it has launched an online wholesale marketplace called CDK CarSource that is designed to connect dealers to used-car inventories from other dealers across the country. The platform does this through an integration with the company’s CDK Drive dealership management system. “With […] [Read More]