There were 3.41 million units sold at auction in the first half of the year, which is an 8% hike, according to AuctionNet data from the National Auto Auction Association. But the oldest contingent of that group showed even steeper growth: Auction sales of vehicles 11 years and older climbed 11% in the first half of 2024, NAAA said. The reason? It’s repo. [Read More]

Bell Canada and Hyundai Motor Group announced a multi-year extension of their strategic partnership to provide Canadian customers with in-car connected infotainment services, powered by Bell’s network. Through Bell’s IoT connectivity, Hyundai, Kia and Genesis customers in Canada will receive data-centric infotainment features, Bell said. The partnership will also explore additional services such as over-the-air […] [Read More]

SmartGroups is expanding its 20 group program for dealerships into the buy-here, pay-here and lease-here, pay-here spaces. The company said on Thursday that its inaugural meetings for these new groups are scheduled for October in Charlotte, N.C. “At SmartGroups, we are committed to providing our members with the peer collaboration, tools and eco-system they need […] [Read More]

PassTime is celebrating more than recovered vehicles this week. The company announced that Encore has received a 2024 IoT Evolution Product of the Year Award from IoT Evolution World, a leading website covering internet of things technologies. PassTime Encore is a wireless GPS solution engineered for asset tracking and protection. With its self-powered technology, Encore […] [Read More]

The Consumer Financial Protection Bureau (CFPB) is blowing a whistle, so to speak, about whistleblowing. On Wednesday, the bureau issued a circular to law enforcement agencies and regulators explaining how companies may be breaking the law by requiring employees to sign broad nondisclosure agreements that could deter whistleblowing. Officials said the circular explains how imposing […] [Read More]

Welcome to this week — same as the last week. Canadian Black Book’s Market Insights report for the week ending July 23 wasn’t much different than the previous one, not to mention many others in recent months, with wholesale values falling. The current report shows prices down 0.37% overall, slightly less of a decline than […] [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto features a session about how dealers can use TikTok. While videos on that social media platform last only a couple minutes, Miranda Pyette — founder and lead automotive marketing consultant with Purpose Automotive — spends much longer […] [Read More]

It’s never too early — or is it late? — for Christmas, especially when a good cause is involved. Huffines Auto Dealerships, which operates 10 locations in North Texas, celebrated “Christmas in July” to benefit Children’s Health, a local pediatric health system. The event concluded this week with a donation of some 600 toys and […] [Read More]

Click-Ins has partnered with vehicle delivery service Draiver to provide its artificial intelligence-driven vehicle inspections to Draiver’s customers in various automotive verticals in the U.S. and internationally. Click-Ins uses AI, synthetic data and other technologies to provide visualizations of vehicle damage from mobile devices with detailed condition reports delivered in minutes, the company said. It’s […] [Read More]

Work Truck Solutions released its Q2 2024 commercial vehicle market analysis on Tuesday, highlighting that the sales of used units increased for the first time since Q1 2023. While its data pinpointed a 2.9% lift quarter-over-quarter, Work Truck Solutions pointed out that used sales are still off by 17.6% year-over-year. Within the new market, Work […] [Read More]