As digital wholesale platforms continue growing in Canada, Cox Automotive Canada has launched a new Canadian dealer-to-dealer digital auction platform that it says can use Manheim’s brand and physical auction services to deliver a competitive advantage to all dealers and franchises. The platform, called MUVIT, offers thousands of vehicles from coast-to-coast, according to the company, […] [Read More]

The used-car market got a bit stronger in October. Total used-car sales climbed approximately 1.4% from October 2018, according to Cox Automotive, which estimated the seasonally adjusted annualized rate for used-car sales at 39.6 million for the month. That beats the year-ago reading of 38.1 million, but is down from 39.8 million in September. However, […] [Read More]

TPC Management Co. is hitting “re-set.” While remaining in his post at TPC, chief executive and co-founder Pierre Pons is stepping down from one of his other roles — that of being ServNet Auctions CEO — at the end of 2019 after 12 years at the helm. The move, essentially, gives Pons and his team the […] [Read More]

Two operations that finance companies likely know and perhaps use their services — Dealertrack and IAA — now are working closely together. On Thursday, Dealertrack announced a new integration with IAA. The companies said bringing together two technology solutions — IAA Loan Payoff and Dealertrack Accelerated Title — will help mitigate the time-consuming process of […] [Read More]

The fourth quarter began with a double-digit climb in bankruptcies, again aided by changes in federal laws. According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported this week that total U.S. bankruptcy filings came in at 67,806, representing an 11% increase from the September total of 61,132 filings. Officials also noted […] [Read More]

In 2001, a small group of vehicle consignors huddled to banter opinions on how to improve industry knowledge and market awareness. From that idea, the International Automotive Remarketers Alliance (IARA) came into being. For 2020, new challenges and opportunities face consignors, and the Alliance, which tags itself “The Voice of the Consignor,” is leaning into […] [Read More]

Remarketers and dealers reselling vehicles without first erasing consumer data captured in onboard computers and convenience systems may put themselves at risk of violating consumer protection laws, said an expert in automotive-vehicle consumer data removal and consumer privacy protection. Andrea Amico, founder of Privacy4Cars.com, said privacy issues continue to surface and get increasingly more protective […] [Read More]

Like the other ancillary services in the dealership and auto auction world, vehicle inspections — along with condition reports, also discussed in this article — are among the blocking-and-tackling, meat-and-potatoes fundamentals that are vital to used-car ecosystem churning along. And it’s complex, says Eric Widmer of inspection company Alliance Inspection Management, better known as AiM. “It’s […] [Read More]

Keeping his service departments running like a well-tuned engine has always been important to Bill Wallace, owner of Wallace Automotive Group in Stuart, Fla. But it takes on even more urgency now. New-car margins continue to be narrow, new-car sales are slowing and fierce competition for consumer dollars is putting even more pressure on Wallace […] [Read More]

The times are changing in the auction and wholesale auto business, and Vince Kovatch says that ADESA continues focusing on offering multiple formats of reconditioning, “whether that car stays on our property and is sold through the lanes, or that car is sold upstream and is now residing on a dealer’s lot.” “The time you […] [Read More]