OPENLANE, ACV each post solid Q3 results, though inventory remains an issue
Two online wholesale vehicle marketplaces had satisfying third-quarter results and touted their technological advantages as their strongpoints, with artificial intelligence looming large.
They continued to face inventory headwinds, however, and that's an issue that is expected to continue for at least several more quarters.
OPENLANE reported third quarter revenue of ...
November 09, 2026
Since its inception, Auction Academy has benefited from the support of commercial consignors and national account executives who share their expertise with Academy students, providing insight into the strategies and operations shaping automotive remarketing. Over the program’s 15-year history, these relationships have become an important part of the Academy’s educational experience. Among those leaders is […]
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November 09, 2026
TPC Management Company has a new president. The company announced that Jiles Wanna, previously the vice president of client services, has been promoted to president. Pierre Pons will move into the CEO role. Pons co-founded TPC, now in its 30th year of business, with his wife Pauline. In a news release, the co-founders said: “Jiles […]
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November 09, 2026
CarGurus saw double-digit revenue growth in the third quarter despite dealerships facing a tougher macroeconomic environment and consumers’ continuing affordability concerns. “While we have been encouraged by the sequential improvement at the dealer level, we do not believe that dealer enthusiasm has returned to 2025 levels driven primarily by dealer margin pressure. For the consumer, […]
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