Perhaps the tariff turmoil has worked itself out of the wholesale market, at least for now. Black Book said overall wholesale prices dropping by 0.25% last week “marked a significant milestone as depreciation returned to a level typical for this time of year.” Analysts pointed out in the newest installment of Market Insights that the […] [Read More]

America’s Group has made its sixth acquisition of the year, announcing Thursday that it has purchased Western Wisconsin Auto Auction, its second location in the state. The Chippewa Falls-based auction is located 97 miles east of Minneapolis and is less than 10 miles from Eau Claire, Wisc. Western Wisconsin AA holds sales at 3 p.m. […] [Read More]

n late March, as the auto industry scrambled to get its arms around President Trump’s tariffs on vehicles built outside of the U.S., Cars.com saw a “notable increase” in the number of dealers asking to demo and trial its AccuTrade used-car appraisal tool and its DealerClub used-car, dealer-to-dealer digital wholesale marketplace, said Sonia Jain, the company’s chief financial officer. AccuTrade has steadily expanded its user base and crossed the ... [Read More]

USA TODAY announced its readers’ selections as the 10 best rental car companies, and SIXT did a little better than sixth. The Germany-based company took the No. 1 spot in the newspaper’s 10Best Readers’ Choice Awards list of outstanding rental car companies, topping Hertz, with ACE Rent A Car, 2024 winner Enterprise Rent-A-Car and National […] [Read More]

Unfortunately, vehicle transportation is another place where fraud can happen, not just in the financing and retailing parts of automotive. Autosled vice president of dealer sales Sam Goldenberg described how bad fraud can be in the transportation space as well as some guidance for clients to avoid it during an appearance on the Live Stage […] [Read More]

Montway vice president of business development and industry relations Dave Sutton put it this way: “Bottom line, remarketing is a relationship industry.” What are the implications and opportunities this creates? Sutton answered that question and more during an appearance on the Live Stage presented by SYCN Auto Logistics at this spring’s Auto Intel Summit. The […] [Read More]

ServNet Auction Group announced a pair of leadership moves on Thursday, appointing Billy Willis of Greenville Auto Auction to its board of directors and naming Mere Rangel of Big Valley Auto Auction as ServNet’s new member chair. Willis is general manager of Greenville AA, located in North Carolina, and has been with the auction since […] [Read More]

Carvana is bringing the next verse of its now-familiar song to the Music City. The online used-car retailer said it’s adding inspection and reconditioning center capabilities to its ADESA Nashville auction, making it the 10th and latest in a series of such combined facilities the company had originally dubbed “Megasites.” Carvana said the addition will […] [Read More]

Well, if you had a little wager at your dealership or consignment department guessing how long wholesale values would increase because of tariffs and other factors, the person who predicted 10 weeks in a row would be the winner. Black Book reported that wholesale values dipped 0.03% last week, stopping the price climb that began […] [Read More]

Montway Auto Transport, a third-party logistics brokerage, said Tuesday it acquired Angels Moving Autos, which is a luxury auto transport brokerage. Angels Moving Autos was founded in 2003 and provides “white-glove” enclosed and open vehicle shipping services. It offers services to dealerships and individuals for the transport of high-end sports cars, luxury vehicles, as well […] [Read More]