As we start a new decade, it’s safe to say the digital wholesale revolution is here. In 2019, nearly half of automotive wholesale transactions happened online. Now, on the cusp of that 50% digital sales threshold, we’re at a turning point where buyers and sellers have the opportunity to reshape how they do business for […] [Read More]

TheOldCarGuys describes itself as a website and service network that provides access to the inventory of more than 25 classic vehicle salvage yards with more than 65,000 cars and trucks … “and maybe a tank or two.” Now, auto transportation, technology and service provider ShipYourCarNow is partnering with TheOldCarGuys to provide self-service auto shipping for […] [Read More]

Dealers received some encouraging news going into the Martin Luther King Jr. holiday weekend with the U.S.-Mexico-Canada Free Trade Agreement (USMCA) being overwhelmingly approved by the U.S. Senate on Thursday. Both the National Automobile Dealers Association (NADA) and the American International Automobile Dealers Association (AIADA) cheered the Senate’s passage of H.R. 5430 by an 89-10 […] [Read More]

We continue with our special episodes recapping panel discussions from Used Car Week. Next up is the "Buyers & Sellers’ Perspective: The Evolving Remarketing Landscape" panel discussion. Moderated by NIADA CEO Steve Jordan, the panel features Douglas Campbell of Avis Budget Group, Henry Mullinax of Mullinax Auto Sales, Melanie Glaze of UHaul and Mark Nagel […] [Read More]

Kasasa enhanced its service offerings this week through its new partnership with Carleton, integrating configurable and accurate insurance and debt protection calculations within its latest product — the Kasasa Loan. The company highlighted the Kasasa Loan is an auto and personal loan platform that can allow consumers to reduce debt by paying ahead, while maintaining […] [Read More]

This week, the Consumer Financial Bureau began to accept applications for membership on all four of its advisory committees — the Consumer Advisory Board, the Community Bank Advisory Council, the Credit Union Advisory Council and the Academic Research Council. The bureau also shared seven examples of the types of applicants the regulator is seeking, including: […] [Read More]

CarGurus is expanding. The automotive marketplace said Thursday it has purchased car-shopping platform Autolist. Autolist, founded in 2014 and based in San Francisco, will continue to be run independently as a standalone brand and website. Founder Corey Lydstone will continue to lead Autolist and report to CarGurus chief financial officer Jason Trevisian. The companies did not […] [Read More]

ADESA president John Hammer says new general managers at four of the company’s wholesale vehicle auction locations “have proven their worth through their own career progression and the success of the auctions where they have worked over the years.” “Having great leaders who inspire our teams to strive for excellence is imperative, and here we […] [Read More]

A picture is worth 1,000 words. But Manheim vice president of offsite solutions Derek Hansen says, “audio/video files are even better.” Manheim says audio and video tags that it has added to its Manheim Express listings bring the sound of vehicles to life. With the tags, buyers can get a fuller understanding of the engine’s […] [Read More]

The certified pre-owned vehicle market is on the cusp of a decade run of record sales. With 2.8 million CPO vehicles sold, 2019 was the ninth straight year of best-ever certified sales, according to a CAMIO report from Cox Automotive this week. It was also a 4% hike from the prior year. But will 2020 […] [Read More]