After a spate of no-sales two weeks ago, lane watchers from Black Book reported more robust conditions at auctions throughout the U.S. last week. “Sales were better today than last week, with units $12,000 and under selling the best,” said one in Tennessee. Also in this week’s Market Insights report, a Black Book rep in […] [Read More]

They might not always appear on the driveway wrapped in a giant bow, but gifted cars — either to a loved one or one’s self — are a big deal. And millennials, it turns out, are the demographic most likely to be doing the gifting. According to eBay Motors’ just-released Holiday Automotive Gifting Survey, millennials […] [Read More]

The Consumer Financial Protection Bureau (CFPB) has not come out unscathed in the wake of the Wells Fargo scandal. While some say the CFPB’s enforcement action demonstrates a need to strengthen the agency, others use the scandal as a case study to demonstrate the bureau’s inept and over-reaching practices. What’s behind the controversy surrounding the […] [Read More]

Dealertrack Canada said Monday it launched a Kia-branded Centric Finance Portal for the automaker’s Canadian dealer body. The portal is designed to “seamlessly integrate with the OEM’s systems providing real-time data updates, new vehicle inventory, incentives, aftermarket products and accessories, and CPO program data,” Dealertrack Canada parent company Cox Automotive Canada said in a news release. […] [Read More]

Not surprisingly, AutoNation chairman, chief executive officer and president Mike Jackson spent most of the company’s quarterly conference call this past Friday explaining why the dealer group is embarking on an aggressive used-vehicle expansion project. After reiterating what the company announced just before greeting Wall Street observers as well as the group’s third-quarter performance, Jackson […] [Read More]

In an effort to give dealerships and independent shops more access to valuable information for their service business, Unotifi has integrated its customer relationship management (CRM) system with myCarfax Service Shop tools. Shops using Unotifi software can join the myCarfax Service Shop program and take advantage of free resources like Carfax Service History Check. In […] [Read More]

Auction Edge has announced significant upgrades to its Edge Simulcast platform — and the newly upgraded platform has a familiar name, with a familiar partner. Edge Simulcast — powered by Velocicast — is the result of decades of collaboration between Auction Edge and Auction Frontier, the original architects of the Edge Pipeline system. “I am […] [Read More]

Cox Automotive has promoted Amy Mills to senior vice president of strategy. In her new role, Mills will work closely with Cox Automotive’s executive leadership team to identify, execute and sustain strategic initiatives to increase the company’s growth and profitability. Mills previously served as vice president of global strategy, where she drove corporate strategic planning […] [Read More]

Integrated Auction Solutions said Sunday it has acquired an ownership stake in AuctionVcommerce, a company that provides online infrastructure support services that launched at Used Car Week 2015. The company declined to disclose the exact percentage of ownership it acquired. In a news release, IAS said that AuctionVcommerce will be brought into the IAS family […] [Read More]

RVI Group’s latest Market Update reveals that all vehicle segments saw used-car price declines in September as compared to a year ago. As a result, the RVI Used Vehicle Price Index decreased by 0.5 percent when compared to August. Compared to a year ago, the index was down by 4.3 percent. Adjusting for inflation, the […] [Read More]