Spring is in full swing, and not only because Easter Sunday was just celebrated. Wholesale values are rising for almost every vehicle category Black Book tracks — except one. And dealership staff probably doesn’t need too many guesses to pinpoint the one going counter to last week’s overall value rise of 0.39% that Black Book […] [Read More]

Vehlo is making changes at the top of its organizational chart. The provider of software and financial technology for the auto repair industry has named Josh Weis as its new CEO. He succeeds Michelle Fischer, who is transitioning to a role as chairwoman of the company’s board of directors after four years as chief executive. […] [Read More]

Manheim has new leaders for four of its auctions. Cox Automotive’s auction arm has named general managers for its operating locations in Omaha, Houston, Nashville and Philadelphia, with six decades of combined experience working with Manheim clients and teams. Lincoln Hansen has been promoted to GM of Manheim Omaha, having served for the past year […] [Read More]

Along with more insight about how much negative equity is an industry hurdle, the latest auto finance data from Edmunds highlighted how affordability challenges triggered by stubbornly high interest rates are impeding growth in the new- and used-car markets. Edmunds explained auto-financing growth is being hampered even with the return of new-vehicle incentives because everything […] [Read More]

Bonfires, s’mores, archery lessons, canoe trips, karaoke. These are not normal features of an automotive leadership conference. But they are some of the out-of-the-box experiences that an attendee at the DealerKnows Summer Camp (DKSC) can expect. We all know that conferences are valuable to get people together, share ideas, network, learn, make deals, close deals […] [Read More]

Logistics-as-a-service platform ACERTUS has made its sixth acquisition, announcing Tuesday it has purchased Guardian Auto Transport. The acquisition builds on the company’s “commitment to strengthening its platform with best-in-class logistics, now supporting large-format vehicles,” ACERTUS said in a news release. This continues a years-long line of acquisitions for ACERTUS and parent company MetroGistics, which has […] [Read More]

Longtime ADESA Boston general manager and former National Auto Auction Association president Jack Neshe is retiring this week, ADESA parent company Carvana said in a statement. Neshe has been GM of ADESA Boston since 2007, after joining the auction as a service manager in the mechanic shop in 1990 and working his way up through […] [Read More]

The average U.S. auto dealership’s profits are down as the industry continues to “normalize” from pandemic-era highs, according to The Presidio Group’s latest quarterly report. Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends for the fourth quarter of 2023 followed the publication’s debut in December, which focused on the decline from the […] [Read More]

Two companies are teaming up to bring a fully digital experience to the auto leasing process in the Canadian market. taq Automotive Intelligence has joined Canadian lease take-over specialist LeaseBusters, on a partnership the companies said solidifies their commitment to providing a modernized and digital lease transfer process. “This strategic partnership with LeaseBusters is rooted […] [Read More]

Data collaboration platform InfoSum and Experian are teaming up to help automotive brands use their own data to better connect and engage with the right buyer at the right moment. The companies have launched a solution designed to securely access insights about in-market or current vehicle owners, extend match rates and improve targeting, which they […] [Read More]