Seriously. This value spike hasn’t happened since Black Book started to track week-over-week wholesale price changes in 2009 when smartphones were in their infancy. According to Black Book’s newest Market Insights, wholesale prices increased 1.49%, breaking the previous week-over-week record rise of 1.46% established during the week ending July 25. “Sellers continue to report that […] [Read More]

America’s Car-Mart recently released its first corporate responsibility report as part of its ongoing efforts to increase disclosures and transparency as the network of buy-here, pay-here dealerships celebrates four decades of success. According to a news release, the report highlights the company’s commitment to sustainable business practices and especially its focus on its people, the […] [Read More]

Perhaps triggered by the college basketball tournaments near their climax and Major League Baseball getting set for its season, Agora Data has outlined a competition where buy-here, pay-here could land $1,000. According to a news release, Agora Data issued a challenge to commercial lenders providing credit lines to BHPH dealers. The challenge consists of a […] [Read More]

The Dealertrack Credit Availability Index showed overall improvement in February. But when Cox Automotive looked closer at the segments that often cater to consumers with less-than-prime credit, the trends differed a bit. Analysts reported that credit availability increased in February to a point showing the most accessibility in nine months. The index reading came in […] [Read More]

To help its auction employees and their families pursue their dreams of a higher education, ServNet has opened its 2021 Scholarship Program. Up to 10 awards totaling $20,000 are available in 2021. The program is geared toward full-time and part-time ServNet auction employees, and the children, stepchildren and grandchildren of full-time employees who plan to […] [Read More]

Ian MacDonald said TRADER Corp. is dedicated to reinforcing consumer trust and confidence through fair and accurate pricing. “So it gives us great pleasure to award partners who share this vision,” said MacDonald, who is chief marketing officer for TRADER, in a news release. The company  announced the winners of the 2021 autoTRADER.ca Best Priced Dealer […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Melissa Trujillo, who is director of efficiency and agency relations at KAR Global.  Auto Remarketing: What do you enjoy most about working in the remarketing […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Ashleigh Mathews, who is the director of human resources at the McConkey Auction Group. Auto Remarketing: What do you enjoy most about working in the […] [Read More]

Consignment-to-retail used-vehicle marketplace CarLotz has opened its first Tennessee hub, marking the ninth opening in the Southeast and its 11th nationwide. The new site adds to CarLotz hubs in Virginia, North Carolina, Florida, Illinois, Texas and Washington state. The Nashville-area hub is located at 1821 Gallatin Pike N. in Madison, Tenn. The Nashville opening comes […] [Read More]

New vehicle geo-locating devices from ADESA at select U.S. and Canadian locations combine mobile app technology and GPS-enabled technology to help improve efficiency, security and the customer experience at ADESA locations. The GPS devices are placed securely on each vehicle upon arrival at ADESA and can be accessed through the Vehicle Locator functionality of the […] [Read More]