More off-lease and off-rental volumes hit the physical auction and online upstream remarketing channels in July, according to the latest recap of wholesale market trends from ADESA’s Tom Kontos. This helped foster greater used supply in the market, one of the factors leading to softer overall wholesale values (compared to June). As far as pricing […] [Read More]

While beating year-ago numbers, used vehicles didn’t fetch as much money in the wholesale market during July as they did in June. And while the year-over-year decline in July’s retail used-car sales played a role in pushing down these wholesale prices, another factor affecting used values appears to a positive for dealers. In his latest […] [Read More]

BillingTree is hosting a new series of interactive events titled, “Payment & Technology Spotlight Series — Technology and Innovation for the Digital Age.” The series, which includes monthly webinars, conferences and speaking engagements, is design to allow participants to learn from actual experiences by those who have successfully implemented specific payment and collection technologies or […] [Read More]

AutoPacific has announced its list, the 2014 Ideal Vehicle Awards, to distinguish vehicles that “best meet their owner’s expectations and desires” based on consumer feedback. According to the research firm, the most ideal popular brand of 2014 is GMC, while Porsche maintains the title of most ideal premium brand for the second year in a […] [Read More]

ADP Dealer Services announced the new company name for its dealer services’ operation on Tuesday. Once the spinoff from ADP is completed, the company will be known as CDK Global and will be listed on the NASDAQ exchange under the symbol “CDK.” CDK Global will be one of the largest technology providers to the automotive […] [Read More]

Group 1 Automotive has announced the acquisition of a Mercedes-Benz dealership in Boerne, Texas, which will operate as Mercedez-Benz of Boerne. The dealership, which also includes a Mercedes-Benz Sprinter commercial vehicle franchise, is expected to generate an estimated revenue of $135 million annually. “We are delighted to strengthen our relationship with Mercedes-Benz and further expand our […] [Read More]

In light of more than 37 million vehicles being recalled so far this year, the team at Black Book Lender Solutions went to work considering the impact these campaigns are having on the auto finance industry. Analysts acknowledged the psychology of a vehicle recall — particularly one garnering national headlines — has the propensity to […] [Read More]

The National Insurance Crime Bureau announced its Hot Wheels report this week, the bureau’s annual release of the ten most stolen vehicles in the United States. The list features a perfect split between import and domestic automakers, with Honda’s Accord and Civic topping the list. Full-size pickups made up a considerable chunk of the list, […] [Read More]

When Ricky Beggs analyzed the various movements in wholesale prices from last week, there were two trends that jumped out. There weren’t as many value adjustments, he said, and the declines in price were not as pronounced. In fact, the number of adjustments hit a five-week low, Beggs pointed out, though most of the changes […] [Read More]

Flick Fusion announced this week its video marketing platform for dealers, offering what it contends is the first of such platforms to automate the video production process, including inventory videos, video emails and other various dealer-related videos. Brian Cox, the president and chief executive officer of Flick Fusion, says his company offers to dealers the […] [Read More]