SOUTHFIELD, Mich. — In a recent 15-month period examined by R.L. Polk & Co. analysts found that there were significantly more vehicles scrapped than added to the roads.  The Cash for Clunkers program — which occurred during the period of Polk's study — accounted for "thousands" of the scrapped units, officials said.    More specifically, Polk found during its analysis of […] [Read More]

DETROIT — General Motors has made some shifts in its financial leadership, announcing this week that it has tapped current vice president and treasurer Walter Borst to serve as a vice president and Promark Global Advisors' chief executive officer. He will be taking over for Nancy Everett, who is leaving the company on June 1. Everett — the current […] [Read More]

WESTCHESTER, Ill. — Insurance Auto Auctions introduced an all-new advanced search tool so dealers and bidders can better find vehicles on its site. Executives explained that the tool now can offer hundreds of different search options that can enable buyers to find exactly what they want to bid on and buy faster and easier. Furthermore, IAA […] [Read More]

JACKSONVILLE, Fla. — Vehicle information provider BookItOut recently reached an agreement with Experian Automotive. Dealers who use BookItOut's service now can access AutoCheck vehicle history reports through mobile devices such as the Apple iPhone. BookItOut reiterated that it can offer dealers analysis that compares true-cost vehicle values, market analytics and vehicle history reports. Executives contend that […] [Read More]

PALO ALTO, Calif. — In order to push its deep pool of current automotive content out continuously, High Gear Media on Tuesday announced the launch of individual vehicle Web pages that now update themselves in real time. Company officials explained that they now have hundreds of pages specifically detailing various brands and models across their network of […] [Read More]

PHOENIX and McLEAN, Va. — Skywerks, a provider of dealership management systems software, said Tuesday that it has added NADA Used Car Guide vehicle values into its new iPhone product and soon-to-be-launched Deliverance DMS product. Explaining how the iPhone application works, officials noted that it essentially is a tool to manage NADA vehicle values and doesn't […] [Read More]

ATLANTA — Manheim rolled out its new online Daily Sales program on Monday, essentially expanding its Online Event Sales to seven days each week. It will add new sales to existing lineup of Online Event Sales, like Manheim Monday, Dealer Wednesday, Thunder Thursday and M'OVE it Friday, giving consignors and buyers even more from which to choose. […] [Read More]

DEARBORN, Mich. — Ford has officially found a buyer for Volvo. The company signed a definitive agreement with Zhejiang Geely Holding Group Co. Limited on Sunday. Basically, the Chinese manufacturer will purchase 100 percent of Volvo Car Corp. and related assets for $1.8 billion.   The payment will consist of a $200 million note and cash. The sale is expected […] [Read More]

FREDERICK, Md. — Manheim's Tom Webb and Ira Silver, the National Auto Auction Association's economist, will share their latest analysis during a free NAAA Webinar titled "The Recovery Becomes An Expansion." Webb and Silver will forecast trends for both the retail and wholesale markets during the event that's scheduled for 1 p.m. ET on April 15. More […] [Read More]

CHICAGO — In-market shoppers who use Cars.com can now get friend feedback on vehicles they are considering by posting these units to social networks.  On Monday, Cars.com rolled out a new sharing tool that basically can push out potential vehicle selections through Facebook and Twitter. Cars.com highlighted that integration with Facebook and Twitter is a natural next step in […] [Read More]