In winning the category of Best National Auction Performance as part of Chase Auto’s “Chase Cup for Auction Excellence” awards, Manheim Minneapolis stood out among other competitors with a balanced performance showcasing value in vehicle reconditioning, number of buyers, condition report accuracy and overall financial results. Manheim Minneapolis was one of nine auctions nationwide to […] [Read More]

Tier One Executive Search, which has focused on the automotive and manufacturing sectors for 20 years, said on Monday that it has named Elliott Duda as director of the company’s North American Retail Automotive Practice. Tier One senior partner Mark Thibodeau said in a news release that Duda has performed well on the manufacturing side […] [Read More]

Mercedes-Benz and Bosch have been working together for more than two years to develop products for automated driving in cities. Now, the two companies say their joint project has entered a new stage. The companies have launched the project, which includes an app-based ride-hailing service using automated Mercedes-Benz S-Class vehicles, in the city of San […] [Read More]

Dealers are seeing their used-vehicle inventories grow, and for independents in particular, that is helping to create a rosier outlook. That was one of several findings in the Q4 2019 Cox Automotive Dealer Sentiment Index released Monday, which among other areas, covered the used-car operations of both franchised and independent dealers. Discussing overall results, Cox […] [Read More]

Mike Dullea says AutoAlert has been looking at ways that OEMs could “manage incentive spend.” “What will move the consumer to buy, while improving the overall journey and increasing profits?” said Dullea, who is AutoAlert chief executive officer. “That’s the answer AlertOptics provides,” he said in a news release, noting that “it comes down to […] [Read More]

If you work at a Honda store or your dealership is closely competing against one, there’s a good chance the new vehicles being delivered at that rooftop are connected to a lease. According to Experian’s Q3 2019 State of the Automotive Finance Market report, analysts determined three of the top 10 new models leased during […] [Read More]

At Used Car Week in Las Vegas last month, senior editor Joe Overby caught up with Kerri Wise, who is vice president of industry education and industry relations. A frequent speaker at dealer events, Kerri shares her approach to sharing insights with dealers, her insights on used-car retail and digital, and more. Wise was one […] [Read More]

J.D. Power Valuation Services data now resides in another portion of the cloud in a move to help banks making loan decisions when vehicles are included as collateral. Cloud banking operator nCino announced on Monday that it is collaborating with J.D. Power Valuation Services to integrate vehicle data into the nCino Bank Operating System. The […] [Read More]

Truist Financial Corp. is officially ready for business, according to an announcement made on Monday morning. Executives said the completion of the merger involving BB&T Corp. and SunTrust Banks became effective on Friday. They pointed out Truist now is the sixth-largest U.S. commercial bank, serving approximately 10 million consumer households and a full range of business […] [Read More]

iA Financial Corp., one of Canada’s largest insurance and wealth management companies, secured a larger amount of the dealer warranty business in the United States last week. According to a news release, iA Financial, the holding company of iA Financial Group, announced today that it has entered an agreement to acquire the American company IAS […] [Read More]