Manheim called it a “good year” for its digital channels after the company reviewed its 2016 performance and found that the average year-over-year growth in each of its Digital Marketplace categories came in at 15 percent or more. Officials said OVE (Manheim’s online wholesale marketplace) reached an all-time 2.5 million vehicle sold since it was […] [Read More]

Dealers Auto Auction of the Southwest (DAASW) recently introduced digital bidder badges that are powered through its mobile app. The independent auction’s new innovative badges are a first in the nation concept, according to Jim DesRochers, former National Auto Auction Association president. “We have always felt that standing in line for a paper badge or in […] [Read More]

Black Book on Monday released its latest joint depreciation report with Fitch Ratings; an analysis that projected 2017 vehicle depreciation to reach 17.8 percent based on estimated new-model sales of 17.0 million. That forecast is slightly up from the 17.3-percent mark recorded in 2016. The firms point out that average pre-recession annual depreciation trended between […] [Read More]

All but two of the seats of ServNet's board of directors are filled by next-generation auction owners. First-generation owners Kevin Brown of Missouri Auto Auction and Patty Stanley of Indiana and Carolina Auto Auctions lead the board. “The remaining five seats are filled by owners who have followed their parents into the auction business and […] [Read More]

President Trump took aim again at government regulation with the executive order he signed on Friday. The latest action is requiring every agency to establish a regulatory reform task force “to eliminate red tape,” according to the White House. The administration explained this executive order contains three main components, including: — Each regulatory reform task […] [Read More]

Both Carfax and Edmunds recently received recognition for the quality of their workplaces. For the eighth time in a row, Carfax is a Great Place to Work in the D.C. area, according to Washingtonian. It’s the first instance a company has earned that level of recognition that many times on the publication’s biennial list of […] [Read More]

DealersLink introduced recently “Six Steps for Dealers to Get Their Cars to the Digital Front Line,”  a free ebook currently available for download that offers tips to dealers on how to get inventory online timely. The company said the ebook aims to direct dealers interested in reducing average turn time. “We have the data that shows […] [Read More]

National Auto Care and RoadVantage each announced this week that executives with nearly 45 years of combined experience joined their management team. National Auto Care, an administrator of vehicle service contracts and ancillary products including the CarMark Certified Pre-Owned Program, appointed Steve Verney as the company’s chief financial officer, leading the finance, accounting and reinsurance […] [Read More]

This week, defi SOLUTIONS rolled out its newest product offering defi SERVICING, a loan management and servicing system (LMS) along with an opportunity for auto finance companies to shape their roadmap for 2017. The company highlighted the defi SERVICING LMS can give finance companies the same configurability and control that the defi LOS (loan origination […] [Read More]

That rectangular block of social media apps, text messages and podcasts you carry in your front pocket? It may fit in the palm of your hand, but it’s one of the most powerful tools in car-buying today. Forty-six percent of online auto shopping activity is done through the smartphone, according to results of a December […] [Read More]