Training on SmartAuction and AutoIMS technology, as well as a course titled, “Condition Report Writing 101,” were part of the sixth class group training from Auction Academy in mid-May. The two-day session was the first in the two-year program for the new class from Auction Academy, which is a TPC Management Co., continuing education program for […] [Read More]

Black Book is seeing car values that bloomed during the spring market now wilting in the summer heat. This week’s Black Book Market Insights report indicated nearly all car segments sustained a significant decline in values, signaling summer seasonality. Conversely, editors noticed the truck space had three segments finish with an increase in value during […] [Read More]

The upcoming Automotive Intelligence Summit is designed to help dealers get a better handle on the technological challenges Equifax identified on Tuesday. A new automotive survey from Equifax finds that dealers understand digital retail solutions, but may struggle in providing such solutions to customers. The online survey polled 135 dealers around the U.S. to get […] [Read More]

On Tuesday, KAR Auction Services shifted an executive from AFC to a role with PAR North America. According to a news release, PAR announced Drew Shull was named vice president of sales and client experience. In his new role, the company said Shull will focus on enhancing PAR’s client experience and product offerings, while leading […] [Read More]

DIMONT bolstered its leadership team on Tuesday with a former VanWagenen executive who also has been involved with multiple industry organizations such as the American Financial Services Association and the National Automotive Finance Association. The Dallas-based provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries announced the appointment […] [Read More]

Black Book and Autodata Solutions rolled out a development that’s aimed to save one of the most precious commodities — time. On Monday, Black Book announced that’s vehicle valuation data has been integrated with Autodata Solutions, powered by ChromeData, a leading provider of automotive technology solutions and data licensed to industry professionals. The two companies […] [Read More]

Analysts discovered some positive metrics when finalizing April data for the latest S&P Global Ratings report about the auto loan asset-backed securities (ABS) sector. S&P Global Ratings shared that subprime auto loan ABS losses improved month-over-month to 6.60% from 7.11%. However, analysts acknowledged they worsened from 6.43% year-over-year. “Although the month-to-month metrics remained stable or […] [Read More]

The National Independent Automobile Dealers Association’s says it awarded its newest Ring of Honor member because of his “commitment to independent dealers,” which “forged a relationship that has moved the used vehicle industry forward.” That newest Ring of Honor member is AutoZone director of strategic accounts and program development Kirk Brown, who is the 31st […] [Read More]

Paint imperfections. Brake and suspension noises. Engines not starting. The “check engine” light coming on early in the ownership experience. Those are some of the reasons that new-vehicle quality is flat for 2019 compared to 2018, according to the J.D. Power 2019 Initial Quality Study. That was just one finding of the study, which showed […] [Read More]

Auto industry members will have no trouble finding news about the shortage of automotive service technicians. AutoNation has also taken notice. The company knows that as vehicle technology advances at a rapid pace, automotive service techs have the opportunity for a strong career path. With all that in mind, AutoNation announced company plans to recruit […] [Read More]