Canadian wholesale used prices were down an average of 0.3 percent sequentially last month and the results within the segments were largely mixed, according to analysis accompanying the latest ADESA Canada Used Vehicle Price Index The index, powered by ALG, actually climbed in February after seasonal adjustment. As for the individual segments, the data in the […] [Read More]

This week, TRADER Corp. revealed the winner of its 2015 Driven to Perform Contest, which debuted for the first time early last year and aimed to recognize the top performing dealer in Canada. The company selected the honoree based on key performance metrics using the vAuto inventory management solution, including turn rate, average days in […] [Read More]

Peer-to-peer car sales marketplace Shift Technologies has launched an in-house auto lending business known as Shift Finance that is offering direct-to-consumer loans. Customers of Shift will be able to get loans directly from Shift Finance, which is starting out as a pilot program in Virginia with plans to expand throughout all of the Shift’s territory. […] [Read More]

In other award from CAR Conference action on Wednesday in Las Vegas, two of the remarketing and used-car industry’s go-to analysts were recognized with the Ed Bobit Industry Icon Award from NAAA and IARA. Earning the recognition were Tom Kontos of ADESA and Tom Webb of Cox Automotive. Presenting the award to these respected economists were […] [Read More]

Remember February 1995? Bill Clinton was in his first term as president. TLC was topping the Billboard Hot 100 chart for most of the month, according to Billboard.com. UCLA was a couple months away of running the table in the NCAA Tournament. And it was the last time used-car prices dropped from their January level. […] [Read More]

It appears the demands stemming from millions of recalled vehicles flowing into dealership service bays are catching up with franchised stores. The J.D. Power 2016 U.S. Customer Service Index (CSI) Study showed satisfaction with dealer service related to an automotive recall declined for the first time in six years. According to the study released on […] [Read More]

CarLotz, a consignment store for vehicles serving the sale-by-owner and corporate vehicle markets, announced the opening of its first store in Charlotte, N.C. Along with the location being first in the Tar Heel State, the store located at 6501 East Independence Blvd. in the heart of what the company called “Charlotte’s largest auto mile” also is the […] [Read More]

Bob Rauschenberg of ADESA has won this year’s IARA Circle of Excellence Award. The award was presented to Rauschenberg on Wednesday, during an IARA event at the CAR Conference in Las Vegas.  Rauschenberg is the executive vice president of sales, marketing and special services at ADESA. His posts in the remarketing business have included roles with ADT Automtoive, […] [Read More]

Whann Technology Group announced it has launched an updated mobile simulcast app for the iPhone and iPad. The company said the upgrades include greater quality, performance and reliability for the live bidding app. It is now available in the Apple app store under WTG Simulcast. Whann Tech also has a WTG Simulcast App for Apple TV […] [Read More]

Two auto auctions are getting close to driving age and celebrating their respective 15th anniversaries this month. Starting out West, Dealers Auto Auction of Idaho is hosting an anniversary event on March 30. The theme centered on college basketball’s big month, with giveaways of big-screen TVs, basketball hoops and living room furniture. Owner Russ Smith […] [Read More]