The used-vehicle market performed very well through the first half of 2019. Used-vehicle prices have, on average, risen 2.1% compared with the same period in 2018 as new-vehicle prices have risen and supply has slightly declined. The strong showing in the used-vehicle market illustrates just how volatile the macroeconomic picture has been. In January, the […] [Read More]

One of the leading companies in the fast-growing and disruptive online auto auction space could see its valuation climb above $1 billion. According to a Reuters report on Friday, ACV Auctions has filed for a Series E round of funding, where it aims to raise $150 million. That round, Reuters reported, would lead to ACV […] [Read More]

Manheim Digital vice president Zach Hallowell, who is the closing keynote speaker at Used Car Week's National Remarketing Conference, sat down with senior editor Joe Overby at the recent NAAA Convention in Indianapolis for an episode of the Auto Remarketing Podcast.  In the conversation, Hallowell shares how he sees the role of the brick-and-mortar auto auction […] [Read More]

On Saturday at AutoNation Tempe in Arizona, guests learned about AutoNation's commitment to defeat cancer. Waymo self-driving vehicles were available for rides, and during the AutoNation customer appreciation event, residents and children who are current or former cancer patients at Phoenix Children’s Hospital and their families were among the first to ride in Waymo's fully […] [Read More]

With a joint pilot project including 25 participating Porsche dealers, the luxury automaker has launched online car sales in the United States for its stores.  Porsche said the pilot project will feature new and pre-owned in-stock vehicles. The project combines shopping from browsers or mobile devices with completing the paperwork on-screen. That, according to the company, shortens […] [Read More]

Used-car sales for October are likely to climb nearly 4% year-over-year and tick up modestly from September, according to a sales forecast released Monday by ALG. Specifically, ALG is forecasting 3,439,074 used-vehicle sales for the month. That would beat October 2018 sales by 3.7% and September sales by 0.2%. The resulting year-to-date tally would be […] [Read More]

As vice president of commercial sales for Manheim since 2017, Holly Capps developed and executed a sales strategy that Cox Automotive says brought in almost $2 billion in annual revenue. The company said she grew business with key strategic clients. On Monday, the company announced it has promoted Capps to senior vice president of Manheim […] [Read More]

While some overall metrics in the U.S. auto loan asset-backed securities (ABS) sector demonstrated seasonality, S&P Global Ratings also spotted some improvements in recoveries for both prime and subprime. According to its latest report, U.S. Auto Loan ABS Tracker: August 2019, analysts noticed prime recoveries improved to 58.99% in August from 58.50% in July and […] [Read More]

In the competitive and evolving world of auto finance, TransUnion and IHS Markit acknowledged that finance companies require the ability to conduct powerful statistical queries to gain a more comprehensive understanding of the market. On Monday, TransUnion and IHS Markit announced the launch of the Catalyst for Insight – Credit Module; a solution they believe […] [Read More]

The image associated with this report provides a vivid glimpse of what a luxury automaker and its captive finance company are trying to do. Last week, MINI USA and MINI Financial Services announced the introduction of Flipped Financing, a vehicle financing program that can help franchised dealers put consumers at the heart of what the companies say […] [Read More]