Manheim has named Brad Burns as associate vice president of vehicle information, saying that the move takes place as digital wholesale continues as a primary source for buying and selling vehicles. The move comes amid 81% of Manheim’s 2020 sales going to digital buyers. Burns has been with Manheim for 17 years, and he has […] [Read More]

McConkey Auction Group has named several leaders who will serve in new management positions, and the company also announced some promotions. Aaron McConkey is one of those leaders, and the auction group has appointed McConkey to serve as vice president of strategic technology. McConkey Auction Group, or MAG, said that McConkey has served as Auction […] [Read More]

While it likely will be some time before the decision significantly impacts your dealership’s used-vehicle industry, General Motors put a timeline on when it wants to depart from the business of manufacturing vehicles that run on gasoline or diesel fuel. On Thursday, GM announced that it is looking to eliminate tailpipe emissions from new light-duty […] [Read More]

While the number of accounts TransUnion classifies as being in some form of financial hardship status closed the year below a peak registered soon after the onset of the pandemic, the level remains notably elevated and isn’t softening at the pace analysts spotted earlier. According to TransUnion’s latest Financial Services Monthly Industry Snapshot Report released […] [Read More]

It’s been an active opening month of 2021 for Kinetic Advantage, a newly formed floorplan financing company with an eye on gaining market share among independent dealerships. After landing an undisclosed amount of funding through Altamont Capital Partners, Kinetic Advantage this week announced the launch of its new cloud-based auditing program as well as a […] [Read More]

Wholesale vehicle prices in both car and truck/SUV segment groups have now declined 15 straight weeks, with the drop in car prices a bit higher than seasonally expected last week and truck declines aligning with typical trend lines. That’s according to the COVID-19 Weekly Automotive Market Update that Canadian Black Book released Tuesday. “As the […] [Read More]

Like many of my fellow cinema fans out there, I’ve been swept away reading the memoir of one of our national treasures: Matthew McConaughey. I read about 90% of “Greenlights” this past weekend and I’m saving this last stretch to finish it right on time for a Zoom book club with my siblings (Yes, we’re THAT […] [Read More]

Electronic vehicle title and registration technology firm DDI Technology has expanded its electronic title and registration product offering into Indiana as an authorized partial service provider of electronic title & registration and salvage title processing services. DDI said that through Premier EVR, it will provide a secure, web-based software system allowing Indiana dealers to electronically submit vehicle […] [Read More]

CDK Global has introduced an open, intelligent data platform that can turn high volumes of industry information into easy-to-understand, actionable insights for dealers, OEMs and third-party software developers. Called Neuron, the platform is connected to the Fortellis Automotive Commerce Exchange, which connects software developers, OEMs and dealers. Using an analytics engine powered by artificial intelligence and […] [Read More]

Georg Bauer and Scott Painter worked together at Fair. And now Bauer and Painter are collaborating again with NextCar Holding Co. (NXCR). The fintech firm, which has a mission to create a platform that enables vehicle subscriptions to scale profitably, announced on Wednesday that Bauer joined NXCR as co-founder, president and vice chairman of the board […] [Read More]