Imagine as a buy-here, pay-here operator, you had access to some of the same financial and technological horsepower franchised dealerships have with their relationships to automakers and captives. That’s pretty much what Agora Data and Westlake Portfolio Management (WPM), a subsidiary of Westlake Technology Holdings, are looking to provide. On Monday, Agora and Westlake announced […] [Read More]

A former president of the National Independent Automobile Dealers Association and one of his store managers recently pleaded guilty in federal court to a charge of fraud conspiracy, according to an announcement from U.S. Attorney Scott Brady. The Justice Department said former NIADA president Andy Gabler of Harborcreek, Pa., and Chad Bednarski, of Fairview, Pa., […] [Read More]

The traditional automotive auction landscape has remained largely unchanged for quite some time, but as with every industry, technology offers opportunities to improve, innovate and push the industry forward.  With the digital landscape opening opportunity, many online auctions offered an entirely digital auction experience, attempting to replace while not effectively replicating the live experience. Still, […] [Read More]

To say that 2020 has been a year like no other is a true understatement, from a global pandemic and social and political unrest to devastating wildfires and a hurricane season that is already one for the record books.  On top of all that, before anyone had ever heard of COVID-19, Manheim was planning to […] [Read More]

The adoption of innovative technologies is helping to propel dealerships through turbulent times and is fast becoming the new way to do business. From inventory management to virtual-based retailing, dealerships are now effectively tapping into markets that were once untouchable and improving the customer experience like never before.    How does the wholesale vehicle sector […] [Read More]

The HGregoire Nissan Vimont and HGregoire Nissan St-Eustache dealerships have received the Nissan Global Excellence Award, which is based on after-sales customer service, after-service customer care, revenue growth, and market share gains. The company says the award is “prestigious” and that a select group of dealerships worldwide receive the award in recognition of their strong […] [Read More]

Used-car prices are up. Consumers have multiple sources to choose from for buying a used car. In that environment, consumers should examine all their options when trying to save money and find the best deal on a used vehicle. To help, car search engine iSeeCars.com conducted a study analyzing more than 8.5 million used-car sales […] [Read More]

The streak of record wholesale vehicle prices looks like it might stop at three months. The latest mid-month reading of the Manheim Used Vehicle Value Index — which reached all-time highs in June, July and August — came in at 162.3.  The index finished August at 163.7. In an analysis accompanying the report, parent company […] [Read More]

Wholesale auction sales reached a bit of a slow patch at the end of summer. The week ending Sept. 13 marked a decline in auction sales volume of vehicles up to 8 years in age, according to a Used Market Update report from J.D. Power. Specifically, there were 86,000 units wholesaled that week, down from […] [Read More]

Luxury electric vehicle producer Karma Automotive will introduce a new name for a family of vehicles in 2021 called the GS Series, and the lineup will include Karma's first-ever battery-electric luxury sedan. The lineup will also include updated electrification options and technological advancements, and to facilitate orders, Karma created a new pre-reservation order site that […] [Read More]