Manheim has announced a 100-percent sales rate following the exclusive off-site auction for Citroen its Nevada team recently held in Las Vegas in collaboration with Manheim Online in the U.K. The Las Vegas auction follows the successful unique off-site sale Manheim and Citroen held 'at sea' last year on No Man’s Fort, a 150-year-old facility […] [Read More]

Kerrigan Advisors determined dealerships not only are moving metal this year, but they’re also turning their entire operations at quite a clip, too. The firm’s Blue Sky Report for Q3 2017 indicated the dealership buy/sell market is poised for its most active year ever with more than 200 transaction closings projected for 2017. The report […] [Read More]

No matter which way the analysts at RVI Group looked at October wholesale prices, they noticed increases versus September’s readings as well as from year-ago figures. The RVI Used Vehicle Price Index (Real) increased from September to October by 2.0 percent. When compared to October of last year, prices rose by 1.1 percent. The firm’s Used Vehicle […] [Read More]

Buy-here, pay-here operators who use products from Ituran USA and Auto Master Systems now can benefit from these two systems working together. The GPS solution provider and dealership management system (DMS) recently finalized integration. The companies highlighted that all Auto Master clients using Ituran GPS devices and associated software will have the ability to work […] [Read More]

Now that the Thanksgiving turkey has been devoured and the holiday season is in full swing, EFG Companies is looking ahead to 2018, offering its predictions and recommendations for the retail automotive and powersports F&I market. Company leaders highlighted these insights, formed through thousands of conversations with the nation’s leading dealership principals and finance companies, […] [Read More]

As shoppers take advantage of November’s extra special incentive deals surrounding holiday shopping, Autotrader has come out with its top picks for certified pre-owned deals this month. Autotrader’s list includes Land Rover's CPO program, which touts special incentives on CPO versions of the Range Rover Evoque this month. “Lightly used and discounted, with a long, […] [Read More]

Cox Automotive has a new chief financial officer. Starting Monday, Mark Bowser will be executive vice president and CFO, while also heading up the finance and strategy teams, NextGear Capital and other corporate functions. Bowser has been with parent company Cox Enterprises since 2006 and most recently was CFO with Cox Communications. “I have seen […] [Read More]

CarStory announced two new U.S. patents Tuesday morning, making it 11 patents for Vast’s automotive AI platform. The company also has 10 additional ones it has filed that are waiting issuance. As for the latest patents, they are: — CarStory Predictive Conversions Systems and Methods, which “details the methods for gathering intelligence based on every […] [Read More]

Kelly McAllister, who is the director of digital business at XLerate Group Auctions, has been appointed to the new product advisory board at OVE, the auction group said Monday. OVE launched this five-member independent auction advisory board this year to complement and help build various product enhancements it was launching. McAllister was recognized by OVE […] [Read More]

Used-car sales could slide under 3 million units this month, but the seasonally adjusted annualized rate is still projected to approach 39 million sales. That’s according to a forecast released last week by Edmunds. The company is projecting 2.9 million used-car sales for November, down from 3.2 million last month. However, the used-car SAAR for […] [Read More]