Dealer-to-dealer digital auction platform TradeRev announced several executive appointments on Tuesday, including new roles for Kayne Grau and Keith Crerar.  Grau, formerly president of Data as a Service at TradeRev parent KAR Auction Services, has been named executive vice president, U.S. and commercial sales for TradeRev. Crerar has been named executive vice president of global operations […] [Read More]

About one year after Hyundai rolled out its Hyundai Shopper Assurance program to Hyundai dealers nationwide, the automaker is starting national advertising for the program on Super Bowl Sunday (Feb. 3). And it's turning to actor Jason Bateman to spread its message. Hyundai’s 60-second first-quarter Super Bowl ad will star Bateman and show what the automaker […] [Read More]

NextGear Capital has rolled out its new Self Reconciliation feature nationally, available through the Account Portal. The company says the Self Reconciliation functionality simplifies the necessary floorplan auditing process. In releasing the feature, NextGear noted it will help dealers who could be spending their time and energy focused on activities that benefit their customers and […] [Read More]

Black Book pinpointed the reason why it’s been a brisk start to 2019 in the lanes. Reinforced by the assessment of an auction general manager in the Southeast, Black Book executive vice president of operations Anil Goyal described the current wholesale market situation in the latest Market Insights report released on Tuesday. “Lower floors at the […] [Read More]

So how did the certified pre-owned sales market shake out in Canada last year? Here is a glimpse, based on sales results shared by automakers.  Mercedes-Benz Canada posted an all-time high of 13,833 certified sales in 2018, up 3.7 percent. The year included six record months and certified sales at a 76.1-percent penetration, according to […] [Read More]

With the federal government shutdown clash involving President Trump and Congressional leaders already lasting longer than any impasse in history, policymakers, banking leaders and finance companies are all collaborating to help impacted federal workers who are not being paid their wages. Following a statement by five federal and state financial regulators, Consumer Bankers Association president […] [Read More]

Traffic to Cars.com was up 11 percent in 2018, and an especially strong final month to the year could signal healthier-than-expected car buying in early 2019, the company says. And the outlook could be particularly rosy for the used-car market. The company said it had 12 straight months of growth, including a 21-percent year-over-year traffic […] [Read More]

Florida-based Ed Morse Automotive Group has spread its reach to Texas and acquired dealerships in Dallas from Roundtree Automotive Group. These new dealerships are: Freedom Chevrolet by Ed Morse, located at 8008 Marvin D Love Freeway Freedom Buick GMC by Ed Morse, located at 3837 W. Wheatland Road Freedom Chrysler Dodge Jeep Ram by Ed Morse, […] [Read More]

If you’re in the auto industry, you might think of Jim Hallett as a car guy. Or a business guy, if you happened to catch his recent appearance on CNBC’s “Mad Money.”  But know this, too — Jim Hallett is a hockey guy. In addition to the hat he wears as chief executive of KAR […] [Read More]

Technology and auction software services company Xcira has received several patents that it says will safeguard technologies currently being applied in the pursuit of what it describes as “evolutionary changes within the auction industry.” The protected intellectual property includes areas involving artificial intelligence, blockchain technology, and adaptive modeling that power dozens of use cases that […] [Read More]