SVR Tracking, a leading provider of asset management solutions for the automotive industry, released its newest GPS tracking device this week. The company highlighted its SVR504 combines the convenience of a self-powered device with one of the longest-lasting batteries in the industry. The SVR504 can enable dealers, finance companies and insurance companies to: —Track and […] [Read More]

NCCI, a provider of risk resolution outsourcing (RRO) solutions with actionable intelligence to auto finance companies and other firms in the financial services industry for more than 25 years, formed a new strategic partnership with PAVE, a company that leverages its award-winning inspection platform to deliver intelligent vehicle inspections from photos alone. The companies see […] [Read More]

Sedano Automotive Group has expanded its presence in the San Diego area with the purchase of South Bay Volkswagen in National City, Calif., according to a news release from Performance Brokerage Services, which advised on the sale. The Sedano group, which launched in 2006, now has five stores in San Diego County with the purchase […] [Read More]

As part of a restructuring of its business operations, Canada Drives will no longer offer online car-buying, and will instead focus on its services that allow consumers to sell their vehicle online and obtain auto finance approval online. Canada Drives has offered online car-buying since 2020 and plans on continuing to do so on its […] [Read More]

Steve Levine of Ignite Consulting Partners returns for another visit on the Auto Remarketing Podcast. This time, Levine highlights the potential benefits dealers can get from going to Las Vegas at the end of April for BHPH United, an intense, three-day education event. The podcast can be found in the window below. [Read More]

Cox Automotive and Edmunds experts explained the potential intensifying challenge for dealerships and finance companies to get consumers the credit they might need to take vehicle delivery amid the rising interest rate environment. A situation that even the Federal Reserve acknowledged to become even more complicated when policymakers unanimously chose to raise the target range for the federal funds rate to 4.75% to 5%. “Since our previous meeting, economic indicators have generally come in stronger than expected, demonstrating greater momentum in economic activity and inflation,” chair Jerome Powell said after the Fed announced its latest rate increase on Wednesday. “We believe, however, that ... [Read More]

Holman has named a vice president of sales for its Canadian fleet and mobility division, hiring Eric Attias for the role. Attias’ most recent post was as head of underground mining operations for Toromont Cat, which is one of Catepillar’s largest dealers. “Eric’s extensive leadership experience and operational fleet expertise combined with his profound understanding […] [Read More]

Wholesale vehicle prices closed 2022 having declined sequentially for seven months in a row, reaching at average of $14,316 for December, which was down 0.9% month-over-month and 11.8% year-over-year, according to ADESA chief economist Tom Kontos’ analysis of the market. Since then, Kontos said by phone Wednesday, wholesale prices have risen approximately $1,500, as values so far in March are around $15,500. But dealers are ... [Read More]

On Wednesday, RoadRunner Auto Transport introduced artificial intelligence  and machine learning to optimize planning and pricing for vehicle shipping. The company highlighted AI and ML will significantly reduce delays and improve the cost and efficiency of the vehicle shipping process. Through a news release, RoadRunner explained that its AI and ML algorithms can analyze real-time […] [Read More]

The National Auto Auction Association is hosting an industry standard training session next month at Greenville Auto Auction that will delve into damage analysis and condition reports. The course, set for April 11-12 in Greenville, N.C., will include the following topics, NAAA said: Condition report-related disclosures and announcements for buyers and sellers Imaging and best […] [Read More]