Industry organizations like the National Independent Automobile Dealers Association and the National Association of Federally-Insured Credit Unions (NAFCU) cheered Congress for passing a measure that President Trump signed on Friday morning. The associations recapped that a bipartisan bill that would give small businesses like dealerships more time to use the funds from Paycheck Protection Program […] [Read More]

Dan Kennedy, senior vice president of business development at Jack Cooper Diversified, chats with Cherokee Media Group president Bill Zadeits about the state of the wholesale auto industry, challenges dealers are facing, key elements of weathering past auto industry crises and more. Kennedy spent four decades with General Motors, including 31 years with the automaker's […] [Read More]

Connected-car platform and telematics data insights provider Zubie has started a new partnership to integrate its telematics data within the HQ Rental Software platform. With the integration, rental fleet operators gain access to connected car insights along with real-time fleet and inventory management tools. The companies say that provides the ability to improve business operations. […] [Read More]

Manheim has named four new general managers at locations and market centers across the country, stating it was making those moves at a time “when leadership is crucial.” The moves take place in Florida, Minnesota and Cincinnati, and Manheim said in a news release that the leaders were starting in their new positions “as clients, […] [Read More]

After the largest monthly decrease in its 15-year history, the Canadian Black Book vehicle value retention index continued its descent in May, pushed by declining consumer confidence and auto-market uncertainty. And both wholesale and retail vehicle values are likely to continue falling. That’s according to the latest COVID-19 Market Update from Canadian Black Book, released […] [Read More]

In a separate letter where the firm’s president and chief executive officer acknowledged, “the news will not always be positive,” Kroll Bond Rating Agency (KBRA) compiled a lengthy report this week, examining the potential long-term ramifications of finance companies making contract modifications with their customers because of COVID-19. While analysts applauded the modification efforts finance […] [Read More]

The National Independent Automobile Dealers Association is making a host of modifications for its 74th annual NIADA|NABD Convention and Expo because of the coronavirus pandemic. First, NIADA said the event has been rescheduled for Sept. 21-24 at the Wynn Las Vegas, instead of its original dates this month at the MGM Grand. In addition, NIADA […] [Read More]

“Ups” likely aren’t just walking through the dealership showroom doors now that COVID-19 has impacted so much of daily life. In this episode of the Auto Remarketing Podcast, AutoFi head of digital retail Joe St. John described how some dealers have basic fundamentals in place for a smooth digital retailing process or, conversely, understand they […] [Read More]

Digital marketplace IAA is enhancing its vehicle management system, CSAToday, by integrating data from its Interactive merchandising platform. CSAToday is IAA’s inventory management system that sellers use to manage their vehicle assets. With the enhancement, images, video and vehicle details from IAA’s recently announced interactive merchandising platform flow directly into CSAToday. According to IAA, that provides information toward […] [Read More]

Used-car sales remain a bright spot for many dealers, but it could become challenging for them to get their hands on enough pre-owned supply, said panelists in a LotLinx webinar on Wednesday. In a Weekly Market Update distributed Tuesday, LotLinx dissected used-car trends as of Monday night, indicating that there was a slight slowing in […] [Read More]