Just before the holiday rush climaxed, the National Independent Automobile Dealers Association enhanced its roster of National Member Benefit Partners with two providers that can help dealerships make vehicles more attractive on their lots or to dispose of inventory that just didn’t turn as planned. The two companies now collaborating with NIADA as partners include […] [Read More]

As the Federal Reserve mulls interest-rate decisions for 2019, Edmunds explained that December’s auto finance data reinforced how 2018 represented a “tipping point.” Analysts indicated interest rates for new vehicles dipped slightly for a second consecutive month in December. But for used vehicles, the exact opposite happened as the rate jumped a full percentage point […] [Read More]

Following a divestment by Mercedes-Benz Canada, the Dilawri Group of Companies has absorbed ownership of six Mercedes locations in Vancouver that previously formed the automaker’s Vancouver Retail Group. The move was announced Wednesday and was immediately effective. The automaker is conducting a worldwide assessment of its Mercedes-Benz Cars sales and after-sales networks, and this transfer […] [Read More]

Auto Auction Services Corp., which is also known in the industry as AutoIMS, has named a new chief executive officer. Replacing the retiring Mike Broe in this post is Venkat Krishnamoorthy, who was most recently the company’s chief operating officer. Krishnamoorthy has been with AutoIMS since 2002. “I’m delighted that the board has promoted Venkat. […] [Read More]

In an episode recorded at Used Car Week in late 2018, ADESA president John Hammer sat down with Joe to talk about the challenges and opportunities for auctions, where ADESA is finding the next generation of talent and the investment in brick-and-mortar. Plus, how ADESA decides whether to build or buy, the trends driving major purchases by […] [Read More]

Consumers who need a bit of guidance picking out an electric vehicle could find some relief in a new app released by AutoMotion. The company, which is a provider of consumer-focused automotive apps, said it works with a network of more than 3,500 franchised dealers who offer AutoMotion users “a simplified, app-based, personal experience tailored […] [Read More]

Late-model auction volume showed some decline heading into the final month of 2018, according to the latest Guidelines report from J.D. Power Valuation Services. Through 11 months, however, year-to-date volume was still beating year-ago figures by 4.7 percent, the report said. For context, late-model auction volume had climbed 5.3 percent through 10 months of 2018. As […] [Read More]

HyreCar recently added an executive with three decades of experience in the dealership trenches. The carsharing marketplace for ridesharing announced that Brian Allan has been appointed to lead its OEM- and dealer-based shared mobility initiatives and strategic alliances. Allan brings 40 years of total experience within the automotive industry to HyreCar. For three decades, Allan […] [Read More]

It’s the midst of winter and the analysts at J.D. Power Valuation Services are still seeing the impacts of what happened in the wholesale market during the summertime. The December installment of Guidelines included the forecast of how wholesale prices would land for 2018. Analysts explained that because of the “exceptionally strong performances observed over […] [Read More]

Before the holidays arrived and political strife caused another federal government shutdown, Kerrigan Advisors released its third quarter report that highlighted dealership buy/sell transactions increased 20 percent year-over-year. The Blue Sky Report generated by the firm also pointed out that 2018 will be the fifth consecutive year of more than 200 buy/sells transactions and among […] [Read More]