Both Insurance Auto Auctions and Clark County Auto Auction celebrated grand openings on Wednesday. IAA, a business unit of KAR Auction Services, hosted the grand opening of IAA Portland West, its newest branch in Portland, Ore. The development marks IAA’s third facility in the state, with additional branches in Portland and Eugene. The company indicated […] [Read More]

Reynolds and Reynolds announced on Wednesday that the company has acquired TradeMotion, a provider of on-demand parts software, parts services and e-commerce solutions for dealers and manufacturers who sell automotive parts and accessories online. Terms of the purchase have not been disclosed. TradeMotion's technology platform includes Parts.com, what Reynolds says is the largest online marketplace […] [Read More]

The automotive segment helped to push asset-backed securities issuance in May to the second-most active month of the year, according to the latest update from S&P Global Ratings. Analysts reported that total ABS issuance during May came in at $23 billion, bringing the year-to-date volume to $102 billion. S&P Global Ratings noticed that May was […] [Read More]

Dominion Dealer Solutions' automotive equity mining solution, DealActivator, is now fully integrated with Dominion Autobase, one of the company’s customer relationship management systems. The combination of Dominion’s DealActivator and Autobase platforms can provide dealerships with enhanced business intelligence and increased lead information, the company said as part of its announcement on Wednesday. “Dealers need efficient ways to follow […] [Read More]

Along with announcing the newest addition to its national member benefit program the National Independent Automobile Dealers Association highlighted that for the fifth consecutive year, ADESA, AFC and IAA — all part of KAR Auction Services — will auction off a premier vehicle during the NIADA Convention and Expo to benefit the NIADA Foundation. This […] [Read More]

Demonstrating what the companies say is the tremendous power of long-term collaboration, RMS Automotive and Mazda Motors UK this year are celebrating a decade-long partnership highlighted by innovation and performance-driven results. In that time, RMS Automotive has helped Mazda sell more than 14,500 vehicles and reach more than 75 percent of the Mazda Dealer Network […] [Read More]

J.D. Byrider announced a major change in leadership on Tuesday as the franchise network of buy-here, pay-here dealerships recently appointed Craig Peters as chief executive officer, replacing Steve Wedding, who served the company for 25 years. The company indicated Wedding will support the transition as an advisor to the J.D. Byrider board of directors. Most […] [Read More]

U.S. Porsche is the latest brand to sign on with automotiveMastermind to implement its predictive analytics technology, which can provide dealer sales teams with key insights and valuable consumer information unique to car shoppers, the company announced on Tuesday. “Stunning vehicles like the 911 and Cayman models continue to demonstrate that Porsche is committed to delivering […] [Read More]

Along with some other anecdotes about what’s happening in the lanes, the latest Black Book Market Insights report indicated the truck segment as a whole is remaining fairly stable. Editors found that three vehicle categories within the truck segment increased their values last week, including the sub-compact crossover, midsize crossover/SUV and full-size pickup. “Small cars […] [Read More]

J.D. Power Valuation Services (formerly NADA Used Car Guide) recently rolled out a white paper aimed at tackling two important questions when it comes to the impact off-rental has on the wholesale market. Analysts explained that the percentage of total new vehicle sales sold to rental companies — what is termed rental fleet penetration (RFP) […] [Read More]