Along with a relationship with Autonum Capital, Otolane announced that it has partnered with KM Plus to provide additional protection for buyers and sellers online with the release of TotalCare, a new 30-day wholesale protection plan that will cover up to $1,000 in repairs for undisclosed issues. At a cost of $29, any vehicle purchased through […] [Read More]

Digital Recognition Network (DRN) is finding plenty of work for repossession agents to do, and it’s resulting in record recoveries for auto finance companies. DRN highlighted on Tuesday that its active hotlist hit an all-time high of 360,000 license plate recognition (LPR) assignments. The company also reported that in 2017 DRN’s providers recovered collateral totaling […] [Read More]

Boosting its workforce worked out nicely for CRIF Select. CRIF Select, a division of CRIF Lending Solutions and provider of indirect auto finance partner programs, announced on Wednesday that the company surpassed $3.7 billion in funded paper volume for 2017. Executives highlighted the milestone is the culmination of a year where CRIF Select renewed its […] [Read More]

Carvana announced Wednesday that it has broadened its presence in the Midwest with the launching of free vehicle delivery in the Kansas City market. Customers in the Kansas City metro area can now shop Carvana’s more than 9,000 vehicles and schedule as-soon-as-next-day vehicle delivery. “Whether taking in the latest exhibit at the Nelson-Atkins, cheering on […] [Read More]

When faced with record snowfall and two sales scheduled just days after the storms, Greater Erie Auto Auction powered through — despite the 65 inches of snow Erie, Pa., got in less than two days. Greater Erie AA assistant general manager and dealer sales manager Ryan Russell says what his auction experienced in late December and […] [Read More]

One discussion topic that often comes up at used-car industry conferences is this: the increased digitalization of the wholesale vehicle market, be it through third-party platforms or the online offerings of auction players. Well, a few statistics released Tuesday show some concrete proof of how far that digitalization has come. Saying the company saw “unprecedented […] [Read More]

KAR Auction Services Inc., Cox Automotive, Black Book and CarGurus are among the companies making heavy investments in data and analytics to help  their customers buy, sell and price vehicles more efficiently, said those companies’ executives who attended Used Car Week in November. The idea, the executives said, is to help manufacturers, financial institutions, dealers […] [Read More]

The Ford Mustang has once again seen the most shopper interest growth year-over-year, according to Jumpstart Automotive Media’s latest shopper interest data report, which shows that the model saw the biggest jump in views last year. The model has maintained its top position each year since 2014. In addition to growing interest in the most-viewed […] [Read More]

While more than a week remains in January, dealers might already be venturing into the wholesale market with spring on their minds, hoping retail sales increases bloom nicely. What managers are going to have to pay for inventory varies based on the latest analysis from Black Book and RVI Group. The December figures from RVI […] [Read More]

Now franchised dealers have another way to leverage the J.D. Power brand recognition; this time in the finance office. On Tuesday, J.D. Power launched what the company dubbed the J.D. Power Automotive Protection Products for new-vehicle buyers. These F&I products are available now at an expanding network of franchised dealerships across the country. “The finance […] [Read More]