As advanced data techniques have made harvesting and management of vast amounts of personal data possible, some consumers get nervous about privacy issues related to personal data.  However, 68% of consumers in a recent survey don’t mind dealers using personalization technology if it improves the overall vehicle-buying experience. And that number jumps to 76% among ages 18 to 34. In fact, the survey — Cox […] [Read More]

Based on input from users, ACV Auctions launched three new features to its nationwide online wholesale marketplace in an effort to increase efficiency for dealers buying and selling on the platform. Coming on the heels of reinforcing its workforce with several industry veterans, the new updates to ACV Auctions’ platform revealed on Monday include: — Run […] [Read More]

Letgo says its footprint in the used-vehicle market has seen strong growth since it launched in 2015, stating that its users have listed 25 million cars for sale. That is mostly in the United States. Now, the company has announced new partnerships that it says will further simplify the process of buying and selling cars. […] [Read More]

The Maxim family is embarking on its next endeavor in the F&I space. In a joint news release distributed last week, Hunter Malone, owner of DealerMax, announced the sale of his firm’s assets to Jim Maxim Jr. and Jim Maxim Sr. Profit By Design, the Maxim family enterprise out of Wayne, Pa., purchased the company assets […] [Read More]

Justin Zane offered vivid imagery to finance company attendees during the opening session of ALS Resolvion’s Innovations in Recovery Summit last week on the topic of updates regarding agencies’ efforts to find vehicles that are out for repossession. “Visualize a truck backing up to your door every day with 410,000 updates, dumping it and then […] [Read More]

A big focus for KAR Global, parent company of the ADESA auto auction chain, will continue to be providing ancillary services in the wholesale marketplace and driving additional revenues per unit. “I think what you’ll see for us is growing dealer consignment, relatively flat commercial volumes, but increased revenue per transaction in the physical auction, […] [Read More]

These days, dealers and consignors have an abundance of choices of how to transact in wholesale, thanks to auction companies like Manheim and ADESA and independent auctions who provide a blend of digital and brick-and-mortar, plus a host of standalone online providers and marketplaces. One of the advantages for independent auctions, in particular, says Independent […] [Read More]

There are some basic fundamentals just to be able to enter the auto auction game. One of those is having the ability to offer online sales. Think of it like a hand of poker. “Every auction, whether you’re Manheim, ADESA or an independent, there’s certain things you have to have these days just as your […] [Read More]

Just over a year ago, there were about 38,000 people certified in the safety training program used by the National Auto Auction Association. As of August, there were around 88,000 people certified in the Safe T. Sam program, which was created by KAR Global and ADESA and used by NAAA and throughout the auction industry. […] [Read More]

KAR Auction Services is now KAR Global. The rebranding announced Monday follows years of expansion, both geographically across North America and Europe and in terms of the services the company provides, thanks to its acquisitions and technolgical development. Those purchases include the online sales (CarsOnTheWeb, TradeRev), data science/analytics (DRIVIN), recovery management (Clearplan) and mobility fleet services […] [Read More]