Buy-here, pay-here and independent dealerships have been the topic of conversations for at least part of this week’s National Auto Auction Association convention in Dallas. Some of that dialogue took place as NextGear Capital announced on Thursday that it has created an auction advisory board to deepen its commitment to auctions that support independent dealers. […] [Read More]

Today’s automotive industry continues to see noticeable changes in everything from consumer demand, behavior, and shopping patterns to the way operations are dealing with an ongoing shortage of inventory, parts, and labor. What’s more, the shopping process itself continues to evolve into more of a digitized experience. While the industry isn’t fully digitized the way […] [Read More]

Recurrent now is working with two of the most notable names in the wholesale space — ADESA and Black Book — according to separate announcements made on Wednesday. First, ADESA launched a new condition report feature to showcase battery performance of electric vehicles. Powered by Recurrent — an EV battery and range analytics company— the […] [Read More]

Continuing a collaborative theme unfolding in other parts of the wholesale market this week, Work Truck Solutions on Wednesday announced an addition to its Vehicle Acquisition Search Tool (VAST), adding Manheim as a partner. As commercial vehicle inventory shortages continue to restrict franchised dealers’ allotments from the factory, Work Truck Solutions highlighted that enterprising dealers […] [Read More]

This week, Insignia Group finalized a new partnership with CarNow that the service providers claim “will revolutionize how dealerships sell vehicles online.” Through Insignia Group’s API, CarNow has the ability to offer shoppers an interactive buying experience where they can build a 3D model of their vehicle, add accessories and purchase everything needed for the […] [Read More]

The National Auto Auction Association honored two distinguished individuals as Industry Pioneers as part of its annual convention in Dallas on Wednesday. First, NAAA named Wolfe’s Auto Auctions founder and president R. Tony Wolfe as an Industry Pioneer for his leadership, vision and dedication to the auto auction industry throughout his career. Also tabbed as […] [Read More]

Wednesday activities during the National Auto Auction Association’s annual convention in Dallas included the naming of the two newest Warren Young Fellows. Collecting the accolades for 2022 were a pair of executives from the Cox family of companies — Paul Scolese and Hugo Carmona. According to news releases from NAAA, Scolese received the award for […] [Read More]

This summer certainly has been a season of change for Primeritus Financial Services, which now has a new chief executive officer and chief financial officer. Taking on the CEO post is Steve Norwood, who previously led Consolidated Asset Recovery Systems (CARS) until it was acquired by Primeritus in the spring of 2019. Norwood brought a […] [Read More]

In a move that became effective Sept. 1, Dealers Auto Auction Group expanded its wholesale footprint in the Southeast by entering the Atlanta market with the acquisition of VIP Auto Auction.  By adding the location at 4600 Browns Ridge Road in Cumming, Ga., DAAG now has nine locations throughout the Southeast. “We are very excited […] [Read More]

A variety of dealer groups — including Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group and Ed Morse Automotive Group — have expanded their businesses in recent days. We begin with this roundup with Sonic on Tuesday announcing the continued expansion of the EchoPark Automotive brand via the opening […] [Read More]