LOS ANGELES — AutoManger Inc. recently unveiled a new version of its dealer management software, which includes a new tool for managing flooring costs. Desk Manager 11.93 also expands on the capabilities of its predecessors with improved profit calculations and universal date/time settings, the company shared. The company explained that now dealers who use a […] [Read More]

Manheim has purchased Ready Auto Transport, the auction company told Auto Remarketing.  Sharing more details on the deal that closed Friday, Manheim said it will operate the transport company as a fully independent business, with  Ready Auto Transport president Mark Jensen staying on in the role of group vice president of Ready Auto Transport The […] [Read More]

After November’s Hurricane Sandy, dealer demand for used cars is up; so why are pre-owned values declining? Kelly Blue Book’s Alec Gutierrez addressed this very issue in this month’s Blue Book Market Report. Granted, used values bumped up during the weeks following the storm, said KBB's  senior market analyst of automotive insights. But after the […] [Read More]

ADESA said Thursday it has rolled out a new website for OPENLANE customers. The company explained that  next.ADESA.com is built on OPENLANE’s technology and will replace the post-login pages of OPENLANE.com. Here’s how it works: Once a dealer has logged into OPENLANE.com, he or she will now find a new user experience (next.ADESA.com) and can […] [Read More]

With the holiday season in full swing, it’s not just toy stores and shopping malls reaping the rewards. It also appears two particular segments of the used-car market are seeing some nice gains, as well. According to the latest Hot Used-Car Report from Kelley Blue Book, luxury SUVs and premium luxury cars have seen the […] [Read More]

In response to customer requests, Manheim's Simulcast product can now be used on Macs, the company announced. Dealerships that use Apple computers can now use the online auction marketplace with the release of the Simulcast multi-browser feature, which enables customers to enter a Simulcast sale on a Mac computer, the company shared. [Read More]

Group 1 Automotive said Thursday a new partner has joined its existing $1.35 billion revolving credit facility. The latest to sign on is Volkswagen Credit, which will serve as a partner to the facility that expired in June 2016. Commenting on the news, John Rickel, Group 1's senior vice president and chief financial officer, said,  […] [Read More]

Auction industry leaders took to the classroom for the latest Auction Academy session, serving as faculty for the Senior Managers Class on topics from vehicle valuation to online selling technology and dealer funding. Auction Academy, a professional education program developed by TPC Management, held the class in Nashville, Tenn., from Nov. 29 to Dec. 1. […] [Read More]

If an individual reports a complaint about a dealer or auto finance company to the Consumer Financial Protection Bureau, data about the grievance likely will end up with state regulatory agencies, too. [Read More]

DALLAS — Comerica Bank's newest Auto Affordability Index showed the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the third quarter of this year. Analysts found consumers on average spent $75 less on new models in the third quarter than they did in the second quarter. The […] [Read More]