J.D. Power Valuation Services noticed wholesale prices closed the first quarter stronger than analysts initially expected. As a result, the firm again is adjusting its 2019 forecast after incorporating March’s information. After six consecutive months of declines, analysts reported in the latest installment of Guidelines that the used-vehicle market bounced back in March. The rebound […] [Read More]

Carvana keeps on growing, and its presence is now climbing higher in the Rockies. The e-commerce platform for buying and selling used cars on Thursday launched its as-soon-as-next-day delivery service for Colorado Springs, Boulder, Fort Collins and Greeley area customers. Carvana now offers its service in five markets in the state and 122 markets across […] [Read More]

Auction Academy’s Class 5 Group completed the final course on its program syllabus — which included a tour of ADESA Las Vegas — and celebrated its graduation. The graduation ceremony took place on March 27 during the awards and recognition ceremony at the Conference of Auto Remarketing in Las Vegas. Auction general manager Jay Hinchman […] [Read More]

A new mobile app for dealers from Carpages.ca is a recently revised mobile inventory management tool that is a complete rebuild of the previous Dealer Dashboard, which was a first-generation mobile app. With the revised app, dealers can extract vehicle information from the VIN decoder built into the in-app camera to create vehicle listings of […] [Read More]

On the eve of last month's Auto Remarketing Canada Conference in Toronto, we visited the headquarters of TRADER Corp., and talked with Matt Lawson, vice president of dealer software and OEM at autoTRADER.ca. Lawson discusses TRADER's partnership with vAuto and and other potential partnership on horizon around dealer software, the company’s conversations on how dealers […] [Read More]

For the third time already this year, PassTime is integrating with another technology provider to help buy-here, pay-here dealerships and subprime auto finance companies. This week, PassTime and BlytzPay announced an integration partnership. PassTime — a solutions company that provides automotive GPS devices — and BlytzPay — a mobile, text payment solution than can allow […] [Read More]

PointPredictive chief fraud strategist Frank McKenna joined Nick for the episode that focused on the achievements of the Auto Fraud Consortium, a wide-ranging collection of finance companies that are collaborating to reduce the volume of fraudulent paper infecting their portfolios. McKenna explained how the confidential sharing of data combined with the latest developments in artificial […] [Read More]

Perhaps the stage is set for another record-breaking milestone in the Canadian wholesale market. After faltering in February, the Canadian Black Book Used Vehicle Value Index climbed back up to near record levels in March. Now sitting at 105.1, experts said the latest reading is within a tenth of a point of the all-time record […] [Read More]

Cox Automotive is leading a $30 million investment round in San Francisco-based Fyusion, a company in the 360-degree and 3D imaging technology space. The investment aims to “accelerate the digital buying and selling experience, bringing it closer to a live interaction,” Cox Automotive said in a news release announcing the investment. Other participants in the […] [Read More]

“Why not take a picture of the dealer’s advertisement the next time you’re shopping for a car and take it with you to your dealer? Because the dealer should not charge more than that advertised price.” That statement is part of an ad from a consumer awareness campaign from the Ontario Motor Vehicle Industry Council, […] [Read More]