KCI Kansas City’s 5th Annual Guitars and Cars Sale brought over 1,000 buyers to the two-day sale for record-breaking results at the end of August. With more than 2,000 vehicles crossing the block, the auction successfully sold 58 percent of its consignment during the event. According to Doug Doll, the auction’s co-owner, the only thing […] [Read More]

With the National Auto Auction Association’s annual conference about to start, Manheim highlighted the success of its fast-growing mobile auction network, which is now available in more than 10 states and expanding soon into Canada. Even though the network has been operating for more than 10 years, Manheim highlighted dealers are still discovering this solution […] [Read More]

As we enter the fall market, auction prices are continuing to weaken. According to NADA AuctionNet data, prices are expected to drop by 0.7 percent or $100 this week. That’s after cars dropped by an average of $66 and the trucks fell by $45 last week, according to Black Book data. All the segments NADA […] [Read More]

The Canadian Vehicle Manufacturers' Association (CVMA) as well as the Global Automakers of Canada praised the Canadian government’s latest move to reduce vehicle greenhouse gases and smog causing emissions. The Environment Minister Leona Aglukkaq announced Monday expected amendments to Canada's greenhouse gas (GHG) and "Tier 3" emissions regulations for new light duty vehicles, as well […] [Read More]

One of the presenting sponsors of the Re3 Conference, Digital Recognition Network, announced three major personnel moves on Tuesday, including the return of the company founder. After departing from Recovery Database Network about a week ago, Todd Hodnett is returning to DRN as executive chairman. In this role, Hodnett will focus on the overall strategy […] [Read More]

Organizers of the North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association, announced their keynote speaker. Chosen for the role at the seventh annual event is Commander Rorke Denver, a decorated SEAL commander, training officer, author and actor. Denver will share military strategy and leadership lessons that attendees can use […] [Read More]

With the Consumer Financial Protection Bureau intensifying its regulatory aim at the auto finance industry, Recovery Database Network (RDN) is launching a new technology product called VendorVision, which aims to help lenders efficiently and transparently manage third-party vendor compliance. RDN highlighted VendorVision is a secure, Web-based compliance management platform. Organizations can define their compliance standards, […] [Read More]

Cadillac is coming to the Big Apple. As part of the continued expansion of the brand, General Motors today announced a strategic realignment that will establish Cadillac as a separate business unit. In addition, the new Cadillac organization will expand to New York with a new global headquarters opening in 2015. GM president Dan Ammann said the […] [Read More]

In what ended up being a record second quarter, CarMax increased its total used-vehicle sales by more than 6 percent, and the retailer moved a shade under 294,000 used cars in its fiscal first half. CarMax had 143,325 total used unit sales in its second fiscal quarter ending Aug. 31, which marked a 6.3-percent year-over-year […] [Read More]

TrueCar announced today the addition of four new members to its National Dealer Council. The 20-member advisory panel of retail automotive experts collaborates via meetings several times per year with TrueCar executives to improve the car-buying and trade-in experiences for both dealers and consumers. Gary Marcotte, the council’s chairman and senior vice president of marketing […] [Read More]