After three straight months of sequential declines following May’s all-time high, wholesale vehicle prices have started September with a month-over-month gain. That’s according to a mid-month reading of the Manheim Used Vehicle Value Index, which was at 201.4. Adjusted for mix, mileage and seasonality, wholesale prices in the first half of September were up 3.6% […] [Read More]

Cox Automotive is committed to showing its leadershipin the electric vehicle market and its future. One way the company is proving this strategy is launching the inaugural EV Battery Summit, set to take place virtually next week.  The event, scheduled for 11 a.m. (ET) to 3 p.m. on Sept. 30,  will bring together EV thought leaders and trasportation […] [Read More]

Volkswagen Group of America announcedit has concluded a study that looked at the future of mobility for long-distance traveling in a creative way. VW teamed up with Academy of Art University for a student design project designed to study just that. VW's Innovation and Engineering Center California (IECC) recently drew to a close its first-ever “Long Distance Mobility and Living Space” […] [Read More]

New York law enforcement officials shared details about a lengthy investigation that led to the arrest of 10 individuals allegedly involved in a complex scheme of stolen vehicles and curbstoning. New York attorney general Letitia James and New York Police Department  commissioner Dermot Shea announced the indictment of 10 members of an auto theft and […] [Read More]

In a late-July interview with Auto Remarketing, Sonic Automotive president Jeff Dyke discussed the group’s potential for expansion in regions of the country where it wasn’t yet operating. Such growth came to fruition in a big way Wednesday, as Sonic announced it has agreed to purchase RFJ Auto Partners for $700 million — a move set […] [Read More]

More reasons why Cherokee Media Group added the National Auto Venture & Investors Conference to Used Car Week arrived on Monday from Bain & Company. Bain’s second annual global technology report explores the impact of tech on business, consumers, economies, geopolitics and broader society. Firm experts said technology has cemented itself at the foundation of the […] [Read More]

Zest AI, provider of software for underwriting driven by artificial intelligence, recently won the 2021 Finovate Award for Best Use of AI/ML. The company highlighted the award goes to the bank, financial institution, or fintech that uses artificial intelligence/machine-learning technology to the greatest effect, creating new capabilities that are only possible through AI/ML. The Finovate […] [Read More]

Two firms that look to offer critical information to help potential vehicle buyers navigate the path toward financing now are working together. Officials from 700Credit — a leading provider of credit reports, compliance solutions and soft pull products — recently announced a product alliance with TradeVue, a web-based and mobile-ready vehicle appraisal tool. The companies […] [Read More]

Debexpert chief executive officer Ivan Korotaev has run financial services companies with presences throughout Europe and southeast Asia. Korotaev then saw potential success for an online auction of the sale of bad debts here in the United States. Debexpert not only continues to operate in the charge-off space, but will begin to offer online auctions of […] [Read More]

It's now easier for dealers to access and participate in live, auctioneer-led Manheim sales from anywhere, says the auction giant. That's because the Cox Automotive company has launched an enhanced Simulcast experience for its dealer customers on its mobile app.  Dealers continue to turn more and more to digital platforms for their wholesale buying needs. […] [Read More]