It appears 2020 began with light activity in the lanes and wholesale prices adjusting in ways Black Book considers normal for the opening days of the year. Black Book’s latest Market Insights report showed values for both cars and trucks softened at a much lower level than what analysts noticed during the previous four weeks. […] [Read More]

As the new vice president of Manheim Logistics, Joe Kichler will oversee business strategy and operations for the company’s leading logistics brands. Those brands are Ready Logistics and Central Dispatch. Ready Logistics is a full-service transportation service, and Central Dispatch is a self-managed transportation service. Manheim says that together, those brands offer transportation services that […] [Read More]

Secure Collateral Management (SCM) highlighted that its network of repossession agents has grown by 300% since 2013. And the skip-tracing provider and forwarding company is looking to stay on that trajectory by reiterating its pledge about paying those agents when work is completed without any extra fees attached. In an effort to help repossession agents […] [Read More]

FunnelAI, a real-time, purchase-ready customer acquisition platform that uses artificial intelligence to turn social intent and web activity into prospects for businesses, recently announced that it has become a participant in the CDK Global Partner Program. The company highlighted that joining the CDK Partner Program is a critical step forward for FunnelAI to provide dealerships […] [Read More]

At least one firm sees the compound annual growth rate (CAGR) for the global automotive blockchain market to be quite robust in 2020 and into the next decade. Allied Market Research said in its recently published report the global automotive blockchain market is expected to garner $428.6 million in 2020 and is projected to reach […] [Read More]

Mark Stewart says automated driving, connectivity, electrification and shared mobility are “reshaping the future of mobility.” “The automotive industry is at the crossroads of digital transformation,” said Stewart, who is chief operating officer for FCA North America. FCA said on Thursday that it will join a partnership formed between Plug and Play, which is a […] [Read More]

Independent auctions can now take their own slice of the dealer-to-dealer auction market. That’s thanks to a partnership and exclusive integration between online auction EBlock and remarketing technology provider Auction Edge announced Tuesday. The partnership between Auction Edge and EBlock begins this month with the McConkey Auction Group, which through the integration of the technologies […] [Read More]

While still currently an estimate, it appears that the used-vehicle market eclipsed 40.4 million sales in 2019, according to Edmunds, whose projected pre-owned tally would be up from 40.2 million used-car sales in 2018. Specifically, Edmunds estimates that there were 40,415,175 used sales last year, continuing a long line of annual gains in the used-car market. […] [Read More]

While default data for the closing month of 2019  is still a couple of weeks away from being released, S&P Dow Jones Indices and Experian previously shared their default metrics for November. And the auto-finance metric remained below the cyclical peaks that analysts pinpointed during the past three years. Data through November 2019 for the […] [Read More]

Dealer Profit Pros president Kenny Atcheson closed 2019 by reaching out to an array of leading executives, experts and observers of the buy-here, pay-here industry and other parts of the automotive space to gather their expectations for 2020. From compliance to wholesale and retail, Atcheson recorded audio segments with each participant and posted them on […] [Read More]