Dealers using the Manheim Express Concierge service can now run Concierge-inspected vehicles located on the dealer lot in a live, auctioneer-led Simulcast sale. Manheim said the service works well for dealers who would like to wholesale their inventory right from their lots. The company makes the announcement at a time when its Simulcast audience has […] [Read More]

Along with sharing the previous week’s value movements, Black Book used its newest COVID-19 Market Insights report to delve deeper into projections going into the new year, using the latest wholesale trends and anecdotes from dealers to shape its expectations. Perhaps of highest importance to used-car managers, analysts are seeing both wholesale volume and retail […] [Read More]

A company that says it’s reshaping asset management using machine learning and big data analytics to manage institutional money now is getting involved with auto financing, too, by leveraging a relationship with a provider that specializes in the subprime market. On Tuesday, Pagaya publicly announced the expansion of its consumer credit offering into auto financing, […] [Read More]

Bob Voltmann participated in this episode of the Auto Remarketing Podcast during one of his first public appearances since becoming chief executive officer of the National Independent Automobile Dealers Association in late October. Voltmann shared with Cherokee Media Group senior editor Nick Zulovich the appeal of taking on the position as well as what he […] [Read More]

Ken Robinson, who is market research manager at Motus, joins the show to discuss his company's 2020 Vehicle Depreciation Trends Report. Ken and Auto Remarketing senior editor Joe Overby discuss used-car pricing and supply dynamics, vehicle affordability, segment preferences and vehicle demand trends. To listen to the entire conversation, click on the link available below, or […] [Read More]

Retail automotive technology company CDK Global has named David Hahn as chief information security officer. Hahn in his new role is responsible for development of a global strategy and execution of the roadmap for managing technology risk and information security across the company’s IT, product engineering, and research and development departments. He will also be […] [Read More]

Alexi Venneri says women have strong buying power and unique considerations when acquiring a vehicle, which Venneri described as “one of the largest purchases most families make.” Venneri is co-founder and chief executive officer of technology company Digital Air Strike and noted that the company was proud to seek new partners such as Women-Drivers.com, to […] [Read More]

There was a “typical” seasonal decline in wholesale prices on a non-adjusted basis during November, and compared to a year ago, Manheim’s index measuring used-car values was up more than 16%. Separately, a week-by-week analysis from J.D. Power shows continued softening in auction prices following their summertime peak. According to a report accompanying the latest Manheim […] [Read More]

Buzz Cotton has spent a lifetime in the auction industry. After college graduation, he worked with his father, Jimmy Cotton, owner of the former Arena Auto Auction in Chicago. He went on to become owner of Dyer Auto Auction in 1986, and on Thursday, Dyer announced that Buzz Cotton was transitioning the leadership mantle to […] [Read More]

American Honda is adding non-CPO used vehicles to its HondaCertified.com platform, a move the company says can help it capture more of the used Honda market and more efficiently and effectively introduce younger buyers to the brand. When consumers arrive at HondaCertified.com, they will now be able to search Honda dealers’ inventories for used Hondas […] [Read More]