TradeRev president Becca Polak says the Kansas City and Minneapolis markets include “highly-concentrated networks of savvy dealers.” Those dealers, she said, want tools to help them take their businesses to the next level. With that in mind, digital platform TradeRev said on Tuesday it was entering those two markets. The company said in a news […] [Read More]

Manheim will be closing its Manheim Arena Illinois auction, a company spokesperson confirmed via email to Auto Remarketing on Tuesday. The Chicago Tribune reported Monday that the closure would happen on Nov. 1. In a statement sent to Auto Remarketing, parent company Cox Automotive said many of the employees at Manheim Arena Illinois, located in […] [Read More]

The National Auto Auction Association announced the first two of its four Chapter Auto Auction of the Year recipients this week; operations representing the Southern Chapter and the Midwest Chapter. Receiving the accolade for the Southern Chapter was Louisiana’s 1st Choice Auto Auction, while collecting the recognition for the Midwest Chapter was Columbus Fair Auto Auction. Charitable efforts […] [Read More]

Dealers in upbeat moods thanks to more showroom activity translated into actions in the lanes being more robust last week, according to the latest Black Book Market Insights report. Those behaviors resulted in analysts noticing wholesale values staying stronger than they had during the previous four weeks. “Strong valuation trends were seen across the majority […] [Read More]

The team at www.OnlineBKmanager.com is responding to help dealerships after seeing the latest bankruptcy data because a pool of more than 750,000 potential customers has developed so far this year. According to data through July provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported there have been 448,295 bankruptcy filings submitted nationwide so far […] [Read More]

Tricolor made another move on Tuesday to grow its business that focuses on the sale and financing of vehicles to the Hispanic consumer. Tricolor unveiled what it called a “groundbreaking, affordable” auto insurance option for low-income and credit invisible customers through its affiliate company Tricolor Insurance. After testing the product earlier this year, Tricolor will […] [Read More]

If your non-prime portfolio performance is experiencing some cyclical turbulence this summer, it appears you might not be alone. This week, Kroll Bond Rating Agency (KBRA) released its auto loan indices for July, reporting on delinquency roll rates from asset-level disclosures. Analysts said servicer reports showed mixed results across securitized prime and non-prime auto loan […] [Read More]

Auto/Mate Dealership Systems president and chief executive officer Mike Esposito describes manufacturer rules and state laws that govern retail warranty reimbursement as “varied and complex.” To ease that complexity, Auto/Mate has completed all dealership management system (DMS) integrations with Armatus Dealer Uplift. “We’re pleased that our customers now have an option to simplify this process […] [Read More]

Meet “Shirley,” the new brand ambassador for SureSale Certified. The company, which describes itself as “the gold standard for quality used vehicles and purchase protection,” launched a new multi-channel advertising campaign centered around Shirley, who SureSale describes as a “trusted advisor.” According to the company, Shirley helps consumers understand that with SureSale, they can “Be Sure” […] [Read More]

Plenty of preparation went into DAA Northwest’s July 24 and 25 Rock & Roll Sale, and the rock & roll portion was a main highlight. The event featured a performance from former Doobie Brothers front man Michael McDonald. Of course, the auction itself was also a big show, with administrative and operational DAA Northwest teams […] [Read More]