KAR Auction Services announced the company’s IT Shared Services (KAR ITSS) team earned an honorable mention in the 2015 HP Discover Awards for customer excellence in the performance testing category. KAR’s chief information officer of IT Shared Services Gary Watkins, who made the award announcement on Monday, explained that KAR ITSS was one of the […] [Read More]

Auction Edge and vAuto finalized a partnership on Monday to enable integration of EDGE Pipeline and EDGE Simulcast with vAuto Genius Labs’ AuctionGenius. The companies highlighted the partnership enables wholesale buyers to use AuctionGenius as they prepare for and participate in live physical and online sales at independent auctions across the country. EDGE Pipeline can […] [Read More]

Advantage Rent A Car announced today it has completed its acquisition of E-Z Rent-A-Car. Now joined, the company features a combined network of 85 locations with a presence at 22 of the top-25 airports in the United States. “We can now see even more benefits to our ‘one company, two brand’ approach than originally envisioned,” […] [Read More]

Automotive Compliance Consultants insisted that contrary to recent developments on Capitol Hill, the U.S. House of Representatives’ vote to eliminate the Department of Justice’s use of disparate impact does not negate the Consumer Financial Protection Bureau’s use of the legal theory in auto finance cases. The firm went on to say that the possibility of […] [Read More]

Auto/Mate Dealership Systems recently announced that Ristken Software Services integrated its core enterprise level technology solutions for dealerships with Auto/Mate’s dealership management system (DMS). Officials indicated Ristken’s MenuPro and Pro Tracking platforms, as well as its eBusiness Service Provider Access Network (SPAN), are now fully accessible for dealerships using Auto/Mate’s DMS. “Our Open/Mate integration program […] [Read More]

Captive finance company Hyundai Capital America (HCA), which does business as Hyundai Motor Finance and Kia Motors Finance, highlighted its recent diversity award winners. HCA gathered accolades from two different outlets. The company said Karen Moon, HCA's vice president of servicing was selected by the National Diversity Council and the California Diversity Council to receive a […] [Read More]

The wholesale business is incredibly intricate, even when things are running smoothly. When you add another level of complexity that recalls necessitate, things can get tricky. Auto Remarketing explored this angle recently from the auction’s point of view to see how it these businesses are handling what is turning out to be the biggest recall […] [Read More]

Cox Automotive chief economist Tom Webb reviewed the Manheim Used Vehicle Value Index going back more than two decades to give dealers and finance companies context relating to the latest wholesale-price decline. Webb indicated wholesale vehicle prices (on a mix-, mileage- and seasonally adjusted basis) dropped for the fourth consecutive month in May, bringing the index […] [Read More]

The National Automobile Dealers Association announced today that used-vehicle sales surpassed 4 million units across all retail channels for the month of May. Although this year's May sales of roughly 4.02 million units passed last year's May sales of an even 4 million, this brought the year’s tally just past 14 million used cars and light […] [Read More]

Despite a sequential price decline of more than 2 percent, ADESA noticed dealers still had to dip into their floor plan well on average of more than $10,000 per vehicle to fill inventory needs. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, officials found that wholesale used vehicle […] [Read More]