This past spring, Cognosos landed a partnership with Columbus Fair Auto Auction (CFAA) to employ its inventory management platform that’s built to provide automotive operations an effective and affordable way to track vehicles across both large and multiple lots in real-time. Coinciding with Used Car Week 2018, Cognosos announced that it finalized another relationship within […] [Read More]

A question often asked is how auctions will adjust to an automotive industry where mobility ventures and digital sales are more commonplace.  Manheim is looking at that proactively, creating  a new leadership structure for its assurance and reconditioning group designed to better position the company as the industry grows further toward these types of ventures. The […] [Read More]

Group 1 Automotive's store footprint is growing in both the U.S. and Brazil. This week, Group 1 announced three new dealerships have been awarded to the company as open points by American Honda Motor Co., Porsche Cars North America and Toyota do Brasil. In Texas, the company opened Sterling McCall Acura Sugar Land, an add […] [Read More]

More evidence and commentary as to why the 30-day or 60-day delinquency rates connected with your portfolio might be at their current levels arrived this week. And consumer study findings coincided with the Federal Reserve chairman reiterating “vulnerabilities” within the financial system. On Thursday, a new report from Aite Group, sponsored by ACI Worldwide, a […] [Read More]

We live in the age of data. Every day, people create at least 2.5 quintillion bytes of data  and we’ve generated 90 percent of the world’s data since 2016, according to this Forbes piece from May. While these statistics may seem startling, they underscore a new reality: An incredible amount of data exists with insights hiding […] [Read More]

When the American International Automobile Dealers Association gathers for its 49th annual meeting and luncheon in San Francisco in January, the group also will be honoring a member from the Golden State. AIADA plans to give the 2019 David F. Mungenast Sr. Lifetime Achievement Award to Dave Conant, a dealer from Newport Beach, Calif. The […] [Read More]

This week, automotive logistics provider ACERTUS announced three key personnel moves to bolster its leadership team, leveraging a trio of executives who possess vast industry experience. Moving into leadership roles with the company are: • Jason Caporrino as chief operating officer • Michael Malakhov as executive vice president of sales and marketing • Lainey Strohmeyer […] [Read More]

In the earnings call with investors for the third quarter of 2018, TrueCar chief executive and president Chip Perry outlined several new initiatives of interest to dealers. This article highlights these and provides a brief financial summary. In his comments, Perry noted new initiatives to improve TrueCar’s value to dealers — including a new trade evaluation tool […] [Read More]

KAR Auction Services chief economist Tom Kontos didn’t need an elaborate explanation to describe movements associated with the October wholesale price data he and his team assembled. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale prices in October averaged $11,059. That’s 0.7 percent higher compared to September […] [Read More]

The AutoCanada dealership group has selected Kijiji as its preferred online marketplace partner for Canada, the companies announced this week. Last month, Kijiji announced a standalone car-shopping platform (Kijiji Autos). The partnership announced Tuesday with AutoCanada includes both the broader Kijiji platform and the Kijiji Autos vertical. “We are very excited to partner with Kijiji,” […] [Read More]