Last fall, Wayne Hileman learned about a pilot program designed to help dealers create car-sharing departments aimed at ride-sharing drivers, and he knew it was perfect for his used-car operations. The marketing pitch: Need a vehicle and a down-payment? Take advantage of “Lyft Your Down Payment” by becoming a driver for Lyft , renting your […] [Read More]

The National Auto Auction Association’s Standards Training Program is gearing up to host more two-day-long vehicle inspections and arbitration training across three states throughout June, July and August. This summer, classes will be held on June 7 and June 8 at Manheim Indianapolis, followed by July 19 and July 20 classes at Akron Auto Auction in Ohio, […] [Read More]

Drive Motors has appointed a former regional sales director at CarGurus to oversee the company’s growth across the West Coast. The company announced Wednesday that it has chosen Lauren Wolfe to serve as Drive Motors’ new senior director of consumer experience. Wolfe most recently served as president at  FZA Digital, the digital-advertising agency of fusionZONE Automotive. In […] [Read More]

DAA Northwest has confirmed that singer, songwriter John Fogerty will take the stage for a special performance at the upcoming Rock & Roll Sale on July 18. The auction announced that Fogerty will perform for dealers on the first night of the annual two-day sale during its promotional event sale, DAA After Dark, last month.  "John Fogerty has been at […] [Read More]

In celebration of its inception 75 years ago, Manheim Darlington most recently commemorated it's over seven-decade history by hosting a May Diamond Jubilee Sale that followed four other special sales. Founded originally as Clanton’s Auto Auction back in 1943, Manheim Darlington has grown from a single-lane operation to an auction with a total of 12 lanes and digital channels that can turn up to […] [Read More]

The sales and marketing team at KCI Kansas City performed a live remix of Big & Rich's “Save a Horse” music video to announce that the band will headline this year's Guitars & Cars event scheduled for Aug. 15 and Aug. 16. While the Big & Rich's music played across the auction arena prior to its recent Fish […] [Read More]

Compared to a new vehicle, a certified pre-owned vehicle purchase can be a more attractive and affordable alternative for consumers interested in driving both mass-market and luxury vehicles. All month long, Cars.com has voiced strong consumer demand for CPO vehicles, noting that dealers have an opportunity to attract more of these buyers, as part of the site's second annual Cars.com CPO Month. Dealers […] [Read More]

Along with giving a rundown of the latest wholesale price movements, this week’s Black Book Market Insights report gave some perspective on a pair of factors shaping what dealers are buying at auction nowadays and why. First off, editors noticed continued stabilization of prices for the majority of car and truck segments. Black Book indicated […] [Read More]

Vehicles aren’t the only industry merchandise that recently rolled over the curb in the Atlanta market. Haig Partners represented Ken Page and Scott Smith, principals of Automotive Associates of Atlanta (AAA), in the sale of two of their six Atlanta dealerships to Asbury Automotive Group and Jim Ellis Automotive Group.  Asbury has acquired Toyota of […] [Read More]

A new Fitch Ratings report shared results of internally conducted stress tests that likely won’t please recovery managers, but these findings nevertheless cannot be ignored by any finance company, regardless of size. Fitch explained that falling used-vehicle values and swelling supply are set to continue at least through next year, which will lead to worsening […] [Read More]