Ben Flusberg, associate vice president of M LOGIC, says his company has been helping clients make smarter, real-time decisions for a long time. “But now, M LOGIC combines efforts across Manheim to provide even better solutions that help our wholesale clients take action for faster transactions and greater profitability,” Flusberg said in a news release. […] [Read More]

In his time as the North American head of remarketing and certified pre-owned at Tesla, Seneca Giese got a first-hand look at how quickly pre-owned Tesla models were selling. “Looking ahead, seeing all the planned plug-in vehicles coming to market meant that there's going to be a healthy secondary market eventually,” said Giese, who was […] [Read More]

Automotive merchandising software company SpinCar has launched a new tool that it says could help dealers and OEMs increase gross margins by showcasing the key features and options included on their vehicles. One dealer said the tool “…will enable us to develop even stronger emotional connections with consumers before they ever set foot in our […] [Read More]

Inventory consulting company Lotpop is teaming up with a used-car sourcing service, which the company says will provide dealers the replacement inventory they need while Lotpop’s LotStock inventory intelligence tool increases their sales volume and velocity. The platform from used-car sourcing service Competitive Inventory Acquisitions, also known as CIA (not to be confused with the federal […] [Read More]

UPDATE: This story has been corrected to reflect the correct number of auction partners (23).  The list of partners in the portfolio of Auction Management Solutions (AMS) is now up to nearly two dozen.  According to a news release distributed on Monday, AMS has added Skipco Auto Auction, located in Canal Fulton, Ohio, to its […] [Read More]

Through the end of March, qualified shoppers can get a certified pre-owned GMC Acadia or Terrain with 1.9-percent interest for up to 36 months. Autotrader describes that as one of many strong offers that automakers and dealers will be rolling out as they gear up for one of their prime selling stretches of the year. […] [Read More]

Coming on the heels of Automotive Intelligence Council member MBSi Corp. making a move involving the firm, Recovery Industry Services Co. (RISC) announced it has joined forces with recently acquired Vendor Transparency Solutions (VTS) to unite compliance services and provide comprehensive vendor vetting, lot inspection and education services to the collateral recovery industry. For years […] [Read More]

The partnership momentum Auto Financial Group (AFG) generated during the fourth quarter now is helping one of the nation’s leading sources of residual-based financing and vehicle remarketing for financial institutions during the opening segment of 2019. AFG recently announced that Pentagon Federal Credit Union (PenFed), the second largest federally chartered credit union in the United […] [Read More]

Alex Maritczak recently returned to North Carolina and joined Nick for a conversation about how auto finance companies and technology developers are collaborating on new solutions. The global auto finance leader at Ernst & Young who also led panel discussions during the Automotive Intelligence Summit described how firms are striving for new developments while also […] [Read More]

Consumers today don’t think twice about opening an app on their smart phone, clicking a few buttons and ordering everything from a ride-share to a flat-screen TV. The digital era is transforming every part of our economy, and its impact on the wholesale vehicle marketplace is taking hold like never before. Last year, digital buyers […] [Read More]