Wholesale prices last month softened 0.3 percent from January, but still beat year-ago levels by more than 3 percent. The reason, says ADESA’s Tom Kontos, has a lot to do with the supply of off-rental program/factory vehicles. Specifically, the latest Kontos Kommentary report put out by ADESA Analytical Services indicates that the average wholesale price […] [Read More]

After seven years and 488 videos, Monday was the final edition of the “Beggs on the Used Car Market” report, as Ricky Beggs — auto analyst extraordinaire and staunch Georgia Bulldogs supporter — gets set to retire on April 1. But before the Black Book senior vice president and editorial director signed off for a […] [Read More]

Dent Wizard International announced Friday that is has hired a new regional business development manager for its Mid-South region. Formerly a brand manager for Aston Martin and a general manager for multiple dealerships, Kaylene Cohen joins the Dent Wizard team with over 15 years of experience in the automotive industry. In her new role, Cohen […] [Read More]

On Monday, Edmunds.com revealed the roster of accomplished business leaders who will serve as keynote speakers and judges at the company’s third annual Hackomotive hackathon, which brings together innovators and entrepreneurs in the technology, automotive, retail and entertainment industries to compete for $35,000 in cash prizes as teams re-imagine the future of vehicle shopping. The […] [Read More]

In an effort to get dealer units seen in as many places as possible, Dealertrack Technologies introduced new-vehicle pricing and multiplatform listing tools for its Inventory+ solution on Monday to help dealers better manage new-model and wholesale inventory. The company explained the new Multiplatform Listing tool can allow dealers to launch wholesale vehicles on all […] [Read More]

Cars.com recently announced the results of an analysis it performed on nearly 1 million reviews submitted by customers on its site. According to the company’s research, seven out of 10 car shoppers said that reviews of dealerships are either a “very” or “extremely” important part of their research during the vehicle-buying process. To further elaborate on this […] [Read More]

Holman Automotive Group Inc. announced Monday it has named a new chief executive officer, chairman of the board and chief operating officer, among a variety of other new hires, as well. Melinda Holman has been named chairman of the board, and Carl Ortell will assume the role of chief executive officer. And Brian Bates will […] [Read More]

Dialogue involving the three largest credit bureaus and attorneys general resulted in a strategy the data and information providers contend will improve the consumer material finance companies leverage during the underwriting and buying process for vehicle installment contracts. The Consumer Data Industry Association (CDIA) said on Monday that Equifax, Experian and TransUnion created the National […] [Read More]

With a high level of expertise stemming from an extensive career in diverse areas of the industry, GSFSGroup recently hired Lewis Kuhl to be senior counsel and director of regulatory compliance. The company indicated Kuhl now has responsibility for ensuring its F&I products are in compliance with the laws and regulations of each state in […] [Read More]

TrueCar formed a partnership with LendKey on Monday to launch an integrated vehicle buying and financing program. The companies explained this partnership will give consumers insight into pricing data and access to guaranteed savings as well as the ability to secure pre-approved financing automatically before visiting a dealership. The new platform can allow consumers to […] [Read More]