Montway Auto Transport’s VIP Relocation service is giving its clients a little extra security boost. The third-party logistics brokerage is adding two-factor authentication to all vehicle pickups managed through its VIP Relocation service, designed to ensure vehicles are handed off only to authorized recipients. The feature aims to strengthen consumer protection, reduce fraud and increase […] [Read More]

Perhaps consignors shouldn’t overreact to softening wholesale prices and volume either remaining steady or maybe even rising a bit in certain lanes and locations. Black Book reported on Tuesday that overall wholesale prices dipped 0.86% last week with the auction conversion rate steady at 56%, “reflecting continued buyer selectivity and firm floors.” Analysts added in […] [Read More]

Amid “challenging market conditions” during its third quarter, ACV Auctions increased its revenue, gained market share and expanded its dealer network, said the company’s CEO George Chamoun. ACV’s revenue in the third quarter grew 16% to $199.5 million when compared to the year-ago quarter, but the company’s net loss of $24.4 million in the quarter […] [Read More]

One of the highest points in OPENLANE's overall rosy third-quarter performance was a 14% year-over-year increase in marketplace dealer sales volume. This represents the fourth consecutive quarter of double-digit-percentage volume increases in dealer-to-dealer sales for the company. This offset an expected Q3 downturn in commercial volumes. OPENLANE said during its recent earnings call that the […] [Read More]

Cox Automotive’s logistics brand, Central Dispatch, has launched its carrier scorecard, a new feature designed to help shippers make smarter, safer shipping decisions by providing critical carrier data at the point of dispatch. While noting it independently verifies each carrier that joins the platform, Central Dispatch said the new scorecard gives shippers another tools to […] [Read More]

Fraud is on the rise. In fact, the beginning of 2025 saw a sharp spike in stolen vehicle incidents across all major load boards. This surge exposed critical vulnerabilities in the industry’s ability to detect and prevent fraudulent carrier behavior before it led to financial and reputational damage. In the worst-case scenario, a fraudulent carrier […] [Read More]

While announcing that Cars.com’s Accu-Trade used-car appraisal tool surpassed 1 million quarterly appraisals, CEO Alex Vetter said Accu-Trade and the Cars.com digital wholesale auction platform, DealerClub, are increasing in number of users. That is happening as dealers move to “tech-first products that advance the industry’s long-term goal of improving profitability,” Vetter said in the company’s […] [Read More]