New bidding features, including buyers’ ability to use a new “jump bid” option to bid with a single click, are among Impact Auto Auctions’ latest enhancements to its Impact AuctionNow online vehicle auction platform. Impact Auto Auctions, which is a subsidiary of Insurance Auto Auctions (IAA) and a business unit of KAR Auction Services Inc., […] [Read More]

Former General Motors International director of marketing and customer experience Mark Harland will join automotive professional services and technology company motormindz as a senior partner. In making the announcement, motormindz described Harland as “a global leader with an appetite for change and innovation.” Harland’s more than 20 years of global automotive experience at General Motors […] [Read More]

Next month’s Automotive Intelligence Summit will have at least three of North Carolina’s most well-known and digitally savvy dealership groups on hand for a panel on “Auto Dealerships & The Digital Revolution: What’s Next?” The session, moderated by North Carolina Automobile Dealers Association president Bob Glaser, will include: Eric Flow, President of Management Services, Flow […] [Read More]

The spring season uplift in wholesale vehicle prices may be drawing to a close, but the threat of tariffs could drive prices right back up, according to used-car value analyses released Friday. “We don’t expect the strong spring season to influence the trend in the coming months. The overall depreciation is expected to fall further […] [Read More]

DealerSocket president and chief executive officer Sejal Pietrzak describes the company’s upgraded version of its Inventory+ software product as “yet another step as we continue transforming our inventory management product suite to support the entire vehicle lifecycle.” The auto industry software provider says that with the new version, the inventory management tool features a new […] [Read More]

When wholesale vehicle buyers feel they did not get what they pay for, they often must go through a cumbersome process to return the vehicle. With a new TradeRev pilot program, buyers can now return vehicles, with “no questions asked.” TradeRev, a business unit of KAR Auction Services, has been piloting what it describes as […] [Read More]

Auto sales have faced slightly downward pressure so far in 2019, especially in April when, according to a May 2 story in Autoweek, U.S. auto sales declined 2.3%, despite having an extra selling day in the month and having the benefit of the spring selling season as an added incentive for car shoppers. With the monthly […] [Read More]

In the current market, revenue opportunities are likely a bit smaller for independent used-car dealers than their franchised counterparts. That said, that may be changing, or perhaps equalizing a bit in the near future. At HGreg.com (as Canadian dealer group Hgregoire is know in the U.S.), president John Hairabedian broke it down like this: “The […] [Read More]

Dave Barrow, owner and president of independent auto dealership Super Dave’s Auto Sales in Dartmouth, Nova Scotia, entered the car business in 2010 with no prior “car experience.”  But that didn’t stop Barrow, previously in real estate, from launching into the auto world in full force. “In fact, I think it was the first time […] [Read More]

Insurance Auto Auctions is expected to officially be an independent, publicly traded company on June 28. Current parent company KAR Auction Services said Wednesday that its board of directors formally approved the separation of IAA from KAR, which will be done through a distribution of all outstanding shares of IAA Spinco Inc. (to be renamed […] [Read More]