Mike Hanna says his company’s platform “geo-automates complex reconditioning tasks.” “Our platform basically puts vehicle recon on ‘autopilot,’” said Hanna, who is chief executive officer of TrueSpot, a new Internet of Things asset location platform. Last week, the company announced the commercial launch of TrueRecon, a reconditioning tracking platform for auto dealers. TrueSpot said it […] [Read More]

In his new position as senior vice president of sales and customer success for TapClassifieds, Mark Salcido will lead the company’s overall sales strategy and development, with a goal of boosting the company’s automotive digital marketing market presence. TapClassifieds, which describes itself as a digital marketing platform that can help automotive dealers “reach and engage […] [Read More]

Swapalease.com reported the highest number of credit approvals for vehicle-lease transfers in nearly three years. Site officials said this week that the approval rate in September came in at 72.9%, representing a 4% increase from the August rate of 68.9%. The last time credit approvals on Swapalease.com rose higher than 72.9% was in March 2016 when […] [Read More]

The last time Black Book saw a weekly wholesale price decline this significant, individuals might have still had their New Year’s resolutions top of mind. And decreases might intensify as Black Book’s newest Market Insights report showed declines for both cars and trucks at much higher levels than the previous four-week averages. “Used-vehicle values experienced […] [Read More]

Advantage GPS says it’s found a solution upgrade to help with one of the most tedious tasks for buy-here, pay-here dealers and finance companies that often participate in the subprime space. On Tuesday, the Procon Analytics company that looks to capture and translate raw data into actionable business intelligence to assist in the mitigation of […] [Read More]

While enhancements in auto financing certainly have been made over the years, a pair of surveys orchestrated by Inovatec Systems Corp., revealed areas where improvements still could be made for the benefit of finance companies and consumers. This week, Inovatec began with the results from its latest survey that touched on consumer pain points associated […] [Read More]

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]