Auction sales volume wasn’t quite as heavy in June as it was in May, but there was still a good bit more units pumping through the lanes this June than last. And through the first half of the year, the late-model segment, in particular, is up close to 8 percent.  According to the latest Guidelines […] [Read More]

If a federal investigation into your dealership or finance company ever happens, perhaps here is some good news regarding how it might unfold. Federal Trade Commission acting chairman Maureen Ohlhausen on Monday announced several internal process reforms in the agency’s Bureau of Consumer Protection that are designed to streamline information requests and improve transparency in […] [Read More]

Kelly Blue Book’s Price Advisor is the focus of its recently launched “We Wrote the Book” national marketing campaign. Price Advisor provides car buyers guidance on how much they should pay for their next vehicle. “Kelley Blue Book Price Advisor helps car shoppers buy with confidence, and with our continued expansion of other tools to […] [Read More]

J.D. Power Valuation Services might have sounded like the firm formerly known as NADA Used Car Guide was repeating itself when analysts shared both their assessment of used-vehicle price movement in June and their projection for July. According to the latest edition of Guidelines, J.D. Power Valuation Services reported that wholesale prices of used vehicles […] [Read More]

KAR Auction Services chief economist Tom Kontos continues to be intrigued by the special slice of wholesale data he began to share three months ago that’s produced a consistent trend counter to the overall price reading. But first, let’s look at that overall movement. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle […] [Read More]

As the calendar reached the midpoint of 2017, Black Book spotted some wholesale price movements that experts say might differ during the remainder of the year. According to Black Book data, the average price of a used vehicle in June for model years 2012 through 2016 decreased in value by 1.3 percent, slightly more than […] [Read More]

In partnership with the National Association of Minority Automotive Dealers, Cox Automotive awarded its Rising Star Award to a Kentucky general manager, in honor of her leadership and commitment to both the automotive industry and her community. Chosen for the award is Wadette Bradford of Martin Kia, in recognition of her work expanding the brand […] [Read More]

Another large dealership group in Pittsburgh is going through a change in ownership. A little more than a month after Lithia Motors expanded its operations by securing Baierl Auto Group, GPB Capital announced on Monday that the New York-based asset management firm has acquired a majority stake in Kenny Ross Automotive Group, which operates 10 […] [Read More]

Online car retailer Vroom announced a $76 million round of funding on Thursday that brings its total equity funding up to $295 million. The company said in a news release that this Series F round was led by “certain funds and accounts advised by T. Rowe Price Associates, Inc.”, which was joined by prior investors […] [Read More]

instaVIN, a provider of vehicle history and title information, has launched a revamped website, parent company KAR Auction Services announced Wednesday. Chief executive Jim Irish explained some of the upgrades in a news release. “At instaVIN, we are focused on simplifying vehicle history research for our customers and providing them with the most detailed and […] [Read More]