Could a digitally based ratings system, like we see in retail, help with conversion rates in wholesale? Kelly Bianchi, president of AuctionVCommerce, discusses that and more with Cherokee Media Group president Bill Zadeits in this podcast recorded at the CAR Conference in Las Vegas earlier this year. The full discussion can be found below. Download […] [Read More]

The Black Book Market Insights report released Tuesday had this anecdote from auction lane commentary in Georgia: “SUVs flooded the lanes today. In general, prices remained high as the stability of the market continues." Strong and stable. Such was the wholesale market last week. Wholesale prices were fairly steady, according to that Black Book report, […] [Read More]

Previous winners of the Congressional Award Foundation’s Horizon Award include NFL star Drew Brees, actor Dwayne “The Rock” Johnson and Arnold Schwarzenegger. On June 20,  the owner of Larry H. Miller Group of Companies — parent company of the Larry H. Miller Dealerships and various other entities — will join that list of honorees. The foundation announced […] [Read More]

Lithia Motors says that it has a strong strategy for success in “acquiring strong stores that are underperforming relative to their potential.” The company says its latest acquisition is another example of that strategy. Lithia Motors on Tuesday announced the addition of Hamilton Honda in Hamilton Township, N.J. The company said the move expands Lithia’s […] [Read More]

KAR Auction Services chairman and chief executive officer Jim Hallett calls its 2011 acquisition of upstream remarketing platform OPENLANE a significant milestone for KAR “that ignited the digital transformation for our company and really, for the entire industry.” “Throughout the years, OPENLANE has continuously reset the bar for upstream remarketing through invention, innovation and signature […] [Read More]

U.S. Rep. Roger Williams (R-Texas) has strong feelings about the importance of the used-vehicle market. “It’s growing, because the price of new cars is getting so high, and people are basically payment buyers,” Williams said. “The price of used cars is going up proportionally. “So maybe a person could budget $500 a month, and it […] [Read More]

EchoPark Automotive is moving from the “Petri dish” to “significant growth mode,” says its president Jeff Dyke, who holds the same position with parent company Sonic Automotive. Sonic’s standalone used-car store chain, which is now profitable and expected to break $1 billion in revenue this year, will likely open another location in 2019, something it […] [Read More]

Enterprise Holdings’ chief executive officer Pam Nicholson, president and chief operating officer Christine Taylor, and Enterprise Holdings Foundation president Carolyn Kindle Betz have something in common. They started out in the company’s management training program. “We firmly believe in the power of the Enterprise Management Training Program, primarily because we've watched it take some of our greatest leaders […] [Read More]

Columbus Fair Auto Auction is encouraging dealers to “skip the phone call.” Dealers should submit their requests for flooring services, gate passes, reports, transportation and inspections through “Post Sale Assist,” powered by AuctionVcommerce. AuctionVcommerce says Columbus Fair Auto Auction is the first independent auto auction to integrate a digital service option allowing customers to manage their post-sale activities directly […] [Read More]

Alliance Auto Auction was founded in Texas in 2011 and has operated four locations in the state. But Alliance’s chief executive officer Tim Adams has had a long-term goal to open an auction in Austin. He has now met that goal. Alliance Auto Auction is opening a new 35-acre greenfield facility in Austin. The auction […] [Read More]