Of the eight segments included in the data set from AutoTrader.com’s Trade-In Marketplace, the only one expected to see growth in its TIM instant-cash offer amount from August to September is the full-size truck class, according to data provided to Auto Remarketing. And that won’t be the last of its increases, either. “The full-size truck […] [Read More]

Dealers at one Michigan auction can “Win the Race” in a promotion running through Sept. 18. The promotion at Flint Auto Auction, held in partnership with consignor US Bank, combines transportation assistance for vehicles bought at US Bank’s bi-weekly sales events at Flint Auto Auction with prize drawings set for September, when three dealers will […] [Read More]

Domestic or import? The choice may depend on the sex of the shopper. Research from Kelley Blue Book Market Intelligence based on KBB.com traffic and survey data of more than 13,000 U.S. adults shows considerable differences in the shopping habits of men and women. In the research, men are more likely to consider vehicles from […] [Read More]

As multi-platform selling continues to gain steam in the wholesale industry, Auction Edge announced this week it is joining the ranks, offering what it says provides a convenient way to list and manage inventory on multiple online platforms. The company revealed it has integrated Liquid Motors capabilities into the Auction Edge platform. Auction Edge will […] [Read More]

It seems as gas prices are returning to more normal levels as summer wraps up, consumers may be losing interest in fuel-efficient vehicles. Black Book’s Ricky Beggs says falling gas prices have sped up fuel-efficient vehicles’ wholesale depreciation in the recent weeks. [Read More]

Reynolds and Reynolds has purchased digital marketing company IMN, a firm that provides that provides branded newsletters and content for the auto industry and other vertical markets. With the acquisition, Reynolds now has the services of IMN as part of its digital marketing and ad services for the auto industry —  which gives Reynolds the chance […] [Read More]

ADESA’s Tom Kontos explained why he noticed wholesale prices still dipped a bit last month but not to the extent they did in June. According to ADESA Analytical Services’ monthly analysis of wholesale prices by vehicle model class, wholesale used-vehicle prices in July averaged $9,435, which was down 1.3 percent compared to June and 1.3 […] [Read More]

A quarter-century is a long time, and ServNet leaders believe they’ve made the most of those years. Now, as two longtime board members prepare to step down, they reflect on the group’s growth. “In observing our 25th anniversary year, we have with great pride recognized ServNet’s tremendous growth since its founding in 1988,” said president […] [Read More]

More shoppers than ever visited AutoTrader.com from a smartphone in July, setting a new record in the company's history. On Monday, site executives reported that more than 2.1 million unique visitors interacted with AutoTrader.com from a smartphone during the month, a figure that represents a 60-percent increase year-over-year. AutoTrader.com's mobile properties include a robust mobile […] [Read More]

CarProof, one of Canada’s largest vehicle history report providers, announced Monday the sale of a minority stake in the company to an American-based private equity investment firm.   The new minority stake holder is San Francisco-based Hellman & Friedman, which has offices in London, New York and San Francisco. Ed Woiteshek, a director at Hellman […] [Read More]