For the first time in six months, prices in the Canadian wholesale vehicle market dipped. Canadian Black Book’s Used Vehicle Retention Index dropped to 135.7 in December, down 0.4% from 136.2 the previous month — ending a string of five consecutive months of rising or steady numbers. In July, the index broke a massive streak […] [Read More]

It’s not a surprise to find full-sized pickup trucks at the top of a list of America’s 100 best-selling used vehicles. Nor is it a shock that SUVs dominated that list. It was, however, a bit unexpected to find an electric vehicle in the top 30, and two EVs among the top 75. But that […] [Read More]

OPENLANE has sold its High Tech Locksmiths business unit to Dent Wizard, a reconditioning services provider. Dent Wizard announced the deal (which became effective Dec. 16) just before the holidays. HTL was founded in 1992 and provides locksmithing services to auto auctions, repossession agents, financial institutions, dealers and rental-car companies. OPENLANE, then known as KAR […] [Read More]

Polly is ready to ramp up its embedded auto insurance platform. The company announced it will launch its new Professional Insurance Platform during the 2025 NADA Show, coming up Jan. 23-26 in New Orleans. The revamped platform is designed to help dealerships monetize the insurance process and improve gross profits. In a news release, Polly […] [Read More]

In today’s rapidly evolving business landscape, blockchain technology stands out as a transformative force, poised to revolutionize how companies operate, interact and innovate. For stakeholders in the automotive industry, particularly in the used car market, understanding how blockchain can reshape the sector is not just about keeping pace — it’s about seizing opportunities for efficiency, […] [Read More]

After taking a month off for the holidays, Carvana is back on the Megasite track. The online used-car retailer announced plans to open its latest integrated auction/reconditioning center on the ADESA Atlanta auction site in Fairburn, Ga. Carvana’s fifth Megasite follows the launch of similar operations at ADESA Kansas City in August, ADESA Houston in […] [Read More]

Normal. Stable. Those are not necessarily words used to describe the used-vehicle market over the last five years, but 2024 closed with analysts calling wholesale price patterns exactly that. Their specific metrics and methodologies differ, but respective monthly used-car value indices from Black Book and Cox Automotive illustrate a wholesale market that’s perhaps as steady as it has been post-COVID ... [Read More]

Nordis Technologies named Gabe Preczner as vice president of operations on Wednesday. The provider of omnichannel customer communications management and payments technology solutions said Preczner will be responsible for increasing the innovation and efficiency of the company’s print production and mailing services to continue delivering excellent client value. Nordis Technologies highlighted Preczner brings an impressive […] [Read More]

TransUnion is bolstering its portfolio to operate in the credit prequalification market. The company on Wednesday signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that can empower lenders and banks to deliver highly personalized credit offers to consumers via comparison websites and other third parties. TransUnion currently owns 30% […] [Read More]

Solifi on Tuesday announced the appointment of Dan Corazzi as its new CEO, in a move that becomes effective on Monday. Solifi said current CEO David Hamilton will transition into the role of chairman for the global fintech software partner for secured finance. Corazzi joins Solifi from JAGGAER, a leading global provider of procurement software, […] [Read More]