While Cox Automotive’s measure of wholesale vehicle values is still at an all-time high, the rate of week-over-week increases has slowed in the first half of June. And values may have reached an apex. That’s according to the mid-month reading of the Manheim Used Vehicle Value Index, which came in at 203.6. That is up […] [Read More]

RumbleOn made a trio of executive-level moves on Thursday; one triggered by unforeseen circumstances. According to news releases from the e-commerce company that leverages technology in an effort to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, RumbleOn announced that Beverly Rath will act as interim chief financial officer, effective immediately. […] [Read More]

The high-level executive changes at Credit Acceptance continued this week. About three months after chief executive officer Brett Roberts announced his retirement, the subprime auto finance company said through a filing with the Securities and Exchange Commission that chief legal officer and corporate secretary Charles Pearce is making a similar move. Credit Acceptance said Pearce […] [Read More]

EFG Companies announced three new additions to its national field team, tapping professionals who have experience at places such as Cox Automotive, dealerships and academia. According to a news release distributed this week, Jay Gordon, former director of enterprise accounts at Cox Automotive, has joined EFG as regional vice president of dealer services. The company […] [Read More]

Carnomaly is continuing to push the vehicle acquisition and financing process even further away from what might seem like the dark ages of paper checks toward a new era when cryptocurrency is the payment path. On Friday, the company announced its enhanced crypto and blockchain platform that can give consumers and dealers the ability to […] [Read More]

To say there’s a lot of data to be harnessed in an industry that moves tens of millions of vehicles (quite literally and figuratively) would be a major understatement. And as you might imagine, the data in the wholesale auto auction industry goes far beyond prices and the number of vehicles sold. That’s where the […] [Read More]

LotLinx is offering dealerships more resources to overcome what might be the most pressing challenge they’re currently facing — inventory stocking and pricing fluctuations. This week, the inventory marketing technology company released its latest whitepaper, which leverages LotLinx’s proprietary data network that has been tracking the industry’s stocking and pricing fluctuations to determine the most effective way […] [Read More]

Wholesale vehicle prices have increased for 15 consecutive weeks in Canada, according to the Canadian Auto Market Update released Tuesday by Canadian Black Book. Last week, used prices were up 0.35% overall, with trucks/SUVs up 0.36% and cars were up 0.34%, CBB said. The gain in car segments was particularly steeper, as the prior week […] [Read More]

Canada Drives added to its board of directors this week, appointing Sukhinder Singh Cassidy as lead independent director. Singh Cassidy is the former president of StubHub and has held senior leadership posts at Google, theBoardlist, Yodlee, Polyvore, Joyus and Amazon. She has been a multi-time board member and been an angel investor in such companies […] [Read More]

The pandemic didn’t slow Subprime Analytics president Ken Shilson from compiling his annual benchmarks of the buy-here, pay-here industry. In fact, in this episode of the Auto Remarketing Podcast, Shilson shared how the pandemic actually presented an opportunity to make the benchmarks even more valuable. To hear the conversation, click on the link available below, or […] [Read More]