Cox Automotive experts tried to put some seasonal context when explaining the latest movements of the Manheim Used Vehicle Value Index and other parts of the wholesale market. [Read More]

The California New Car Dealers Association Scholarship Foundation is providing more than $100,000 to students seeking out automotive technology careers through its annual CAR CAREERS Scholarship Program; the winners of which it announced this week. The dealer association’s scholarship program selected honorees after evaluating applicants’ academic performances, career interests and industry experience. The foundation’s board chose […] [Read More]

During the week that closed during the middle of the Labor Day weekend holiday, Black Book noticed that 15 of the 22 vehicle segments that analysts track generated gains in wholesale values. And with two regions trying to rebound from Hurricane Ida, Black Book doesn’t see prices making a major decline anytime soon. [Read More]

Work Truck Solutions certainly appears to be getting the job done on the partnership front. About a week after forging a relationship with Ryder System, Work Truck Solutions on Wednesday announced that it has expanded its partnership with Charlotte-based Hendrick Automotive Group to now include 30 dealership locations, further strengthening the company’s joint online presence […] [Read More]

J.P. Morgan recognizes that modern vehicles do more than travel highways, taking their owners from place to place. These vehicles also can be the conduit to a variety of financial transactions, too. On Wednesday, J.P. Morgan’s corporate and investment bank announced that it has entered into a strategic deal with Volkswagen Financial Services, with plans […] [Read More]

Acquisitions in the F&I space are starting to intensify just like what’s been happening in the dealership sector for some time now. On Tuesday, APCO Holdings — home to the EasyCare, GWC Warranty and MemberCare brands — announced that it recently acquired Strategic Diversified.  Through a news release, APCO highlighted this acquisition demonstrates its commitment […] [Read More]

EBlock continues to grow, and this time, it has made a move in Canada. The company announced Wednesday it has acquired digital dealer-to-dealer auction marketplace TradeHelper and parent company ESP Auctions. The latter is a Montreal-based independent auction. ESP owner Alain Boisvert partnered with former ADESA chief executive Stephane St-Hilaire to purchase TradeHelper in December […] [Read More]

CallRevu announced Tuesday it has purchased the automotive division of CallSource. Terms of the deal were not disclosed. “CallRevu has always admired CallSource — we share a common focus on service. This investment was an easy decision as it provides an opportunity for us to deliver greater innovation, insights, and value to our collective customers — reinforcing […] [Read More]

More evidence arrived on Tuesday reinforcing why franchised dealerships are integral cogs in their community economic engines. According to the annual economic impact report compiled by Autos Drive America and the American International Automobile Dealers Association, the 9,400 international nameplate automobile dealer franchises across the country utilize 542,000 direct employees. Furthermore, the report also highlighted […] [Read More]

So much for an extended reprieve from soaring wholesale prices. Black Book reported on Tuesday that its Used Vehicle Retention Index for August nearly hit a new record for the second time in the past three months. [Read More]