Although extensive damage to Group 1 Automotive inventory and some of its facilities has occurred in the aftermath of Tropical Storm Imelda, the auto retailer said on Monday that preliminary assessments show all facilities are intact, and operations are open. Some of those facilities, however, are operating with limited services, Group 1 said.  Estimated total financial […] [Read More]

The Stanley-Autenrieth Auction Group, which includes Indiana Auto Auction and Carolina Auto Auction, has purchased the Fort Wayne Auto Truck Auction in Indiana. As part of the move, which was effective Sept. 13, Fort Wayne’s consignment and sales are being merged into Indiana Auto Auction. Both the Fort Wayne and Indiana auctions are in Fort Wayne, […] [Read More]

Car buyer search engine MotorCloud says it allows users to search once and see all vehicle listings anywhere online, streamlining the car shopping experience by using the Google model. It launched at the end of August at the Digital Dealer 27 event. MotorCloud says it has modernized automotive search by combining what it describes as […] [Read More]

In celebrating the grand opening of its Lexington, S.C. facility on Sept. 11, IAA said the facility will help accommodate increased customer capacity demands. However, the facility, which is IAA’s fourth branch in South Carolina, will “strategically enhance” IAA’s ability to serve the hurricane-prone Atlantic coastal region. “We are pleased to open this branch, which […] [Read More]

Fayetteville, N.C.-based Reed-Lallier Chevrolet’s used-vehicle sales increased by 30% after the dealer implemented SureSale Certified. Year-over-year, that was nearly three times greater than the average for the local market, according to SureSale, and early results show turn rates increasing by 10%.  “Year-to-date our used vehicle sales are up significantly, and the only thing that has […] [Read More]

With consumers looking for affordable transportation, demand for compact and midsize cars is generating enough price movement to influence overall wholesale market metrics, according to the latest installment of Guidelines from J.D. Power Valuation Services. Analysts reported data through August that showed used-vehicle prices are 2% higher on average than during the same eight-month period […] [Read More]

You’re a car dealer attending a conference on certified pre-owned in Las Vegas, and then an auto auction sale breaks out. While perhaps not as simple as that description, Fiat Chrysler dealers got to experience something similar at FCA’s inaugural national CPOV dealer meeting earlier this week. ADESA teamed up with FCA for a pilot […] [Read More]

Mark Anderson says strategic acquisitions over the past six years have resulted in an expanded U.S. and Canada footprint for finished vehicle logistics provider United Road. That has allowed United Road to open new markets and expand capacity, said Anderson, who is president and chief executive officer of the company. “Having a strong relationship with […] [Read More]

While the Federal Reserve cutting interest rates twice in less than two months certainly has generated plenty of attention, automotive experts aren’t quite so sure the actions will directly lead to immediate upticks in vehicle deliveries and loan originations. The chief economists at both KAR Auction Services and Cox Automotive shared their perspectives following the Federal Open Market […] [Read More]

During this summer’s Automotive Intelligence Summit, masterQueue finalized a partnership with PassTime. On Thursday, the web-based Software-as-a-Service platform that can automate the skip-tracing process expanded its relationship with PAR North America, a business unit of KAR Auction Services. According to a news release, PAR said it has enhanced its capabilities through the power of masterQueue […] [Read More]