Coinciding with Black Book releasing its first index reading of the year, Cox Automotive reported the latest upward moves of the Manheim Used Vehicle Value Index; similar to what the analyst team at J.D. Power Valuation Services spotted, too. Cox Automotive indicated that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose […] [Read More]

NCM Associates, which provides analytical data, education, and consulting services to the automotive industry, announced a new collaboration with a technology company to help solve issues that the company says has hurt the industry for decades. Those issues are data ownership, fragmentation and lack of visibility to business insights and intelligence. NCM’s collaboration is with Tekion […] [Read More]

An enforcement action involving Santander Consumer USA (SCUSA) stemming from four years ago came to a conclusion on Thursday. Santander Holdings USA and SCUSA confirmed in a news release that the board of governors of the Federal Reserve System has authorized the Federal Reserve Bank of Boston to terminate its written agreement with the bank […] [Read More]

LocateSmarter’s Alex “SkipGuru” Price and RISC are joining forces not just to help professionals sharpen their skip-tracing skills, but also to generate financial resources for a cause connected to something more valuable than vehicles. To support the Innocent Lives Foundation (ILF), RISC and Price said they will donate 100% of the sales proceeds of the […] [Read More]

Global digital marketplace IAA says its AuctionNow platform improves the bidding experience and allows for enhancement based on customer feedback and recommendations. It has been in use throughout IAA’s Canadian operations since 2016 and in the United States since 2019. On Thursday, the company said its UK-based business unit has launched IAA AuctionNow, which is […] [Read More]

Saying that it is looking to improve the experience of car buyers who communicate in non-English languages, Copart has added auction sounds to its web site in five languages. The auction sounds were previously available only in English, and Copart said its live auction sounds are now available in six languages at www.copart.com, www.Copart.ca, and www.CrashedToys.com. […] [Read More]

Auto Remarketing continues our reporting on 2020 used-vehicle sales for the public retailers, this time looking at Group 1 Automotive, which released its quarterly and full-year earnings report on Thursday. Group 1 has international operations, but for the purposes of consistency, we isolate the U.S. results for this story. And similar to what its peers […] [Read More]

A wholesale market expert who has appeared multiple times during the National Remarketing Conference and Used Car Week now is a part of the team at the National Independent Automobile Dealers Association. Among the three executive moves announced by NIADA on Thursday, the association said Larry Dixon has joined the organization as vice president of […] [Read More]

The Who song, “Won’t Get Fooled Again” ends with the words that I’ve chosen to be the title to this article, and through them, Pete Townshend sums up the subject of revolution by seemingly saying “the more things change, the more they stay the same.” I have been thinking about these lyrics a lot lately […] [Read More]

Black Book’s presence in the credit-union market strengthened on Thursday. The provider of vehicle pricing and analytics announced the integration of Black Book values into the Origence consumer LOS, a CU Direct brand. The companies highlighted in a news release that the Origence consumer LOS is a comprehensive loan origination system designed to improve the […] [Read More]