Auction accidents happen, especially when vehicles are driven through the lanes. To minimize the chances of vehicle accidents, ADESA has established what it calls VirtuaLane at 20 of its 75 physical auctions in the North America. A VirtuaLane sale has all the trappings of typical physical auction lanes: an auctioneer, ring men and dealers bidding […] [Read More]

There will likely be about 3.5 million used vehicles sold this month, beating January figures of 3.1 million, Edmunds projected in its latest monthly auto-sales forecast, which was released last week. The seasonally adjusted annualized rate is expected to come in at 39.3 million, versus 39.2 million a month ago, according to Edmunds. In similar, […] [Read More]

It’s one of life’s greatest frustrations: Finding a place to park. Making the problem even more frustrating is the fact that many businesses, including car dealers, have under-utilized parking spaces available. A new app promises to help solve that problem. Parkedit.Space is designed to connect owners of underutilized parking spaces with drivers and auto dealers […] [Read More]

Auto/Mate Dealership Systems provides dealership management system software to more than 1,400 retail automotive dealerships. Now, Auto/Mate DMS customers can use GoMoto’s Virtual Service Advisor Platform, a service lane kiosk that Auto/Mate says provides customers with a self-led check-in process. Auto/Mate Dealership Systems stated on Monday it has completed all dealership management system integrations with […] [Read More]

In the finale of six panel discussions recorded at Used Car Week 2018, Bill Zadeits and Charlie Vogelheim moderate a session on the "Consignor's Perspective: The State of the Used-Car Industry." Panelists include Jason Alba of Ally, Chris Clarke of ARI Fleet, John Manchin of Subaru and Brooks Stewart of Bridgecrest, followed by closing words […] [Read More]

As the company explained the ongoing financial and marketplace challenges in getting TradeRev’s adoption rate higher, KAR Auction Services is launching a pilot program for the tool that Jim Hallett summarized when presenting the opportunity to dealers by saying, “They said, ‘How can we say no to this?’” During a phone conversation with Auto Remarketing, […] [Read More]

Finance companies sometimes give grace to contract holders in hopes the individual can get back on the payment track since it’s potentially much more lucrative than having to go through the repossession and recovery processes. Kroll Bond Rating Agency (KBRA) released a research report last Friday, examining the use of subprime auto finance extensions as a […] [Read More]

As the company gears up to host FICO Auto Mastermind 2019 this week, Nick shared his conversations with a pair of FICO experts who were in San Francisco earlier this year for the Vehicle Finance Conference hosted by the American Financial Services Association. FICO chief analytic officer Scott Zoldi described what clean data really is […] [Read More]

Reedman Toll Auto Group is staking its claim in ride-share vehicle sales and service, a segment still in its infancy but expected to grow and redefine retail automotive, said Daryl Kessler, the group’s vice president. The dealership group’s Langhorne, Pa., campus is home to a new facility and program that caters to ride-share drivers — […] [Read More]

Manheim launched its Manheim Express app in 2018, helping dealers list and selling inventory from the palm of their hands. In 2019, the company launched what it describes as an “in-app buyer experience” that helps dealers purchase fresh, local inventory. The Virginia Auto Dealers Association took notice and decided to use the product to help […] [Read More]