Though still considerably higher than year-ago levels, wholesale vehicle prices declined sequentially for the second consecutive month. And the slowdown appears far from over, according to Cox Automotive, which said its Manheim Used Vehicle Vehicle Index came in at 223.5 in March. While up 24.8% year-over-year on a mix-, mileage- and seasonally adjusted basis, that […] [Read More]

The year that followed Gettacar partnering with the Danis Auto independent dealership got the wheels turning for founder and chief executive Yossi Levi and team. Gettacar, which launched in 2018 as an ecommerce-only online car-buying platform, “transformed” the Philadelphia store in 2020, supplying it with inventory and also utilizing its reconditioning capabilities, Levi said. What […] [Read More]

Auction award season continued this week as defi REMARKETING, the end-to-end remarketing services of defi SOLUTIONS, announced its 2021 Auction of the Year. The company’s top accolade went to ADESA Cincinnati/Dayton, as defi REMARKETING also recognized Manheim Dallas and Manheim Orlando as second and third place honorees, respectively. Executives highlighted ADESA Cincinnati/Dayton has been a […] [Read More]

Roughly about a month after landing a relationship with Kentucky dealerships, ComplyNet this week secured a similar achievement with dealers in a bordering state. The Illinois Automobile Dealers Association announced it chose ComplyNet as an endorsed partner of environmental, health, and safety (EHS) compliance solutions.  ComplyNet said through a news release that it will bring […] [Read More]

TransUnion wrapped up the workweek by announcing on Friday that it has completed the acquisition of Verisk Financial Services, the financial services business unit of Verisk, for $515 million. The credit bureau first revealed it was making this move in February. TransUnion highlighted that leading financial institutions, payment providers and retailers worldwide rely on Verisk […] [Read More]

The first quarter of 2022 just finished, but Dasceq remains intrigued by a McKinsey survey from December 2020 that indicated almost 10% more people will use mobile banking technologies after the COVID-19 pandemic. The firm that specializes accounts receivables and collections by leveraging artificial intelligence and other technologies said that trend is impacting the way […] [Read More]

Northern California’s Del Grande Dealer Group purchased three dealerships in the first quarter that expand the retailer’s presence in the region and adds Honda to its franchise portfolio. After buying Fremont Hyundai in the fourth quarter, DGDG began 2022 by acquiring Stevens Creek Hyundai and Genesis of Stevens Creek in Santa Clara, as well as […] [Read More]

The newest global study by TransUnion showed how much credit is being utilized, especially by individuals classified as either credit unserved or underserved. TransUnion reported on Thursday that more than 45 million consumers are considered to be either credit unserved or underserved in the United States. However, TransUnion’s study determined that about one in four […] [Read More]

Along with adding a new staff member in charge of dealer education, the National Independent Automobile Dealers Association also selected its newest Gold-level National Corporate Partner. According to a news release distributed this week, that partner is National Lenders General Agency, specializing in reinsurance products for dealerships and finance companies in the buy-here, pay-here, lease-here, pay-here […] [Read More]

Certified pre-owned vehicle sales at Mercedes-Benz Canada reached their highest-ever quarterly share of the company’s overall used-car sales, the automaker said Thursday. The company’s pre-owned division moved 3,492 used cars in the first quarter, a 9.2% year-over-year decrease. Mercedes said 3,240 were CPO vehicles, which translates to a 92.8% penetration rate, an all-time high. It’s […] [Read More]