Vehicle buyer and seller marketplace IAA has completed the integration of SpinCar Feature Tour into its online auction platform, and the company says buyers will be able to quickly identify features and options present on each listed vehicle. IAA said the integration enhances the recently launched IAA 360 View. In addition, it further expands the […] [Read More]

The National Independent Automobile Dealers Association has designated professional services firm CLA (CliftonLarsonAllen LLP) as a bronze-level national corporate partner, and CLA says the partnership will help the organizations address tax and accounting issues most crucial to independent dealers. CLA and NIADA can work together to reach important IRS and political influencers to benefit NIADA […] [Read More]

While the overall reading made just a modest rise month-over-month, Black Book spotted a couple of elements within its February Used Vehicle Retention Index that analysts deemed to be a bit “surprising.” This week, Black Book released its latest index update, reporting that the overall reading from February came in at 115.2, representing a rise […] [Read More]

Along with the opportunity to reconnect with other industry operators, the American Recovery Association is using this year’s North American Repossessors Summit to unveil a new program that’s been in development for several years. During NARS 2020, the association will be debuting its new program — ARA University — an initiative to help members position […] [Read More]

On Wednesday, LexisNexis Risk Solutions highlighted three primary findings from its Cybercrime Report covering activities from July through December of last year. The company indicated the findings crystalize how fraud has increasingly become borderless on a global scale. As the report analysis showed, LexisNexis Risk Solutions said cybercrime is a well-organized, global endeavor powered by […] [Read More]

Your potential customer has what could be a great trade; a vehicle that will stand tall on the front line and probably turn quickly. But then that vehicle is involved in an accident. To help all parties involved, Dealer Owned Warranty Co. (DOWC) this week introduced Value Protect, an option in a retail installment contract […] [Read More]

Experienced dealership managers and finance company executives might remember a juncture when subprime permeated much of used-vehicle financing. People with softer credit profiles opted for less-expensive used vehicles with a contract they could manage and risk that the provider deemed to be prudent. Times, they are changing. Experian’s newest State of the Automotive Finance Market […] [Read More]

In light of Tuesday morning’s devastating and deadly tornadoes that hit Tennessee, the auction community in the Nashville area was assessing the impact. Matt Trapp, Manheim’s regional vice president for the East, confirmed in a statement that Manheim Nashville, located in Mount Juliet, was “severely affected by powerful storm conditions” that came through the area Tuesday. […] [Read More]

Jeff LeBlanc is the new general manager at ADESA Moncton in New Brunswick, and ADESA Canada regional vice president Simon Robitaille says LeBlanc “has established relationships within the local dealer community.” LeBlanc “will provide a foundation for ADESA Moncton to excel in addressing the needs of all our customers,” Robitaille said in a news release. […] [Read More]

The Federal Reserve sensed the U.S. economy is becoming ill stemming from the COVID-19 coronavirus outbreak, so policymakers made the surprise move on Tuesday by cutting the target range for the federal funds rate by 50 basis points to 1.00% to 1.25%. Experts at Cox Automotive and TrueCar reacted to the first Fed action outside […] [Read More]