Now that online marketplace Shift has launched its first Washington-state market in Seattle, customers in that area will be able to sell cars to Shift directly through use of its “brought-to-you” service. For Shift, which is based in California, the service will be available to consumers within the Seattle greater metropolitan area. That includes the […] [Read More]

The auto auction industry is a fiercely competitive one, but in times of crisis, it tends to pull together for the greater good of the business. That’s what Frank Hackett, chief executive officer of the National Auto Auction Association, has observed through the ongoing COVID-19 pandemic. For the last two Mondays, Hackett has joined a […] [Read More]

In her new position as vice president of people operations for enterprise dealer management system provider DealerBuilt, Deb Wiley will oversee the building of the talent architecture that DealerBuilt says enables it “to scale its business to the next level.” DealerBuilt provides a DMS platform that it says helps dealerships customize how they use technology […] [Read More]

Black Book vice president of automotive valuations Laura Wehunt tried to put a lighthearted spin on what’s happening in the wholesale market amid the coronavirus pandemic. “What do toilet paper, hand sanitizer and used cars have in common? They were all in demand last week,” Wehunt said in the latest installment of the Black Book […] [Read More]

Extending its operations within Northeast Wisconsin, Broadway Automotive has purchased the Pietroske Chevrolet, Buick, GMC and Cadillac dealership in the city of Manitowoc. The dealership purchase agreement includes the Pietroske Chevrolet, Buick, GMC and Cadillac dealership and property in Manitowoc. Broadway currently operates a Chevrolet dealership in Green Bay, and the Buick, GMC and Cadillac […] [Read More]

Coinciding with announcements from Cox Automotive and KAR Global regarding their adjustments in conjunction with COVID-19, top executives at ACV Auctions, BacklotCars and IAA each posted letters online to their client bases, reiterating pledges to maintain operations and safety measures. George Chamoun, Justin Davis and John Kett — the respective leaders of ACV, BacklotCars and […] [Read More]

On Monday, the American Bankruptcy Institute (ABI) reported nearly steady movements in total and consumer filings for February, but experts fully anticipate significant changes coming as a result of the COVID-19 pandemic impact on the economy. According to data provided by Epiq Systems, total bankruptcy filings ticked up 0.1% to 56,182 in February from the […] [Read More]

Here’s some encouraging news amid all of the economic turmoil caused by COVID-19. The auto segment of the S&P/Experian Consumer Credit Default Indices showed a significant decline in February. On Tuesday, Dow Jones Indices and Experian released their data through February and reported that auto defaults dropped 10 basis points on a sequential basis to […] [Read More]

Like most great entrepreneurial success stories, the auto auction industry has its roots in a simple but bright idea: If auctions could be successful selling livestock or machines or farm products, why not sell cars to a competitive bidding audience at the urging of an auctioneer and his gavel? That’s just the idea that J.M. […] [Read More]

To support its customers affected by the uncertain financial environment created by the coronavirus pandemic, Hyundai Motor America is reinstating its Assurance Job Loss Protection program. Hyundai will make up to six months of payments for new owners who lose their jobs and have purchased or leased their vehicle between March 14 to April 30, […] [Read More]