There was a “typical” seasonal decline in wholesale prices on a non-adjusted basis during November, and compared to a year ago, Manheim’s index measuring used-car values was up more than 16%. Separately, a week-by-week analysis from J.D. Power shows continued softening in auction prices following their summertime peak. According to a report accompanying the latest Manheim […] [Read More]

Buzz Cotton has spent a lifetime in the auction industry. After college graduation, he worked with his father, Jimmy Cotton, owner of the former Arena Auto Auction in Chicago. He went on to become owner of Dyer Auto Auction in 1986, and on Thursday, Dyer announced that Buzz Cotton was transitioning the leadership mantle to […] [Read More]

American Honda is adding non-CPO used vehicles to its HondaCertified.com platform, a move the company says can help it capture more of the used Honda market and more efficiently and effectively introduce younger buyers to the brand. When consumers arrive at HondaCertified.com, they will now be able to search Honda dealers’ inventories for used Hondas […] [Read More]

Volta, one of this year’s Emerging 8 honorees, welcomed a new chief revenue officer to its executive leadership team on Monday. Joining the company focused on commerce-centric electric vehicle charging networks is Brandt Hastings, who brings nearly two decades of experience in digital media and advertising to Volta. “Volta is unique in our ability to […] [Read More]

Back in October, tech startup Carsfast formed its advisory board that includes Women in Auto Finance honoree Marguerite Watanabe, who is the president of Connections Insights, as well as Hudson Cook partner Michael Benoit. On Monday, the dealership driven by artificial intelligence appointed a new general manager who most recently worked at Hertz. Taking on […] [Read More]

One of this year’s Women in Auto Finance honorees is about to become a chief executive officer. Last week, DriveTime Automotive Group and Bridgecrest Acceptance Corp. announced a succession plan that involves honoree Mary Leigh Phillips, current chief financial officer for DriveTime and Bridgecrest. Effective at year-end, the company said Phillips will assume the role […] [Read More]

Resolved to continue and even expand its operations following a consent order reached with the Consumer Financial Protection Bureau, US Equity Advantage  launched a new member portal for AutoPayPlus on Monday. The company said that five main features are designed to enhance the customer experience with mobile optimization and the ability to track their loan […] [Read More]

GWC Warranty wants dealerships to protect one of their most valuable revenue streams — F&I — so the product provider recently broke down the four components of what it called the “new customer journey.” GWC Warranty went so far as to say in a blog post that, “the days of the linear, one-size-fits-all sales cycle […] [Read More]

The pandemic has limited consumers’ ability to leave the house. But a company producing a new auto repair bidding app says consumers still need their cars to get to the grocery store or doctor. The ObiiGo app is bringing the customer and independent repair facility together in unison, working together to find the best pricing […] [Read More]

As we move deeper into December, many people begin thinking about holiday shopping. And they often think about trying to get a good deal on a used car. However, those bargain-seeking shoppers might not be flocking to your store showroom or dealer website this month if they use the guidance recently shared by iSeeCars. The beginning […] [Read More]