Proficient Auto Logistics said Monday it has agreed to purchase Hansen & Adkins, a move the company says would “create North America’s largest finished vehicle logistics platform with a network spanning the United States and Canada.” The deal is expected to close mid-August and has an upfront purchase price of $130 million. Los Alamitos, Calif.-based […] [Read More]

Much has changed since last January when Cars.com closed its acquisition of DealerClub, a reputation-based dealer-to-dealer digital wholesale auction, for approximately $25 million in cash and potential performance-based consideration of up to $88 million. In the following 18 months, Cars.com announced cuts of approximately 11% of its full-time positions. Now it’s facing a lawsuit brought […] [Read More]

Wholesale vehicle values have cooled after a spring season peak, with seasonal depreciation and affordability front and center — though with some variance by segment. That’s the major takeaway from the latest monthly used-car price indices released by Black Book and Cox Automotive, respectively. Starting with Black Book, its Used Vehicle Retention Index came in […] [Read More]

While watching depreciation come in at twice the average rate analysts saw during the same week before the pandemic, Black Book also identified three vehicle characteristics that are prompting buyers most as the calendar rolled from July to August. According to the newest installment of Market Insights released on Tuesday, Black Book reported wholesale values […] [Read More]

Go to some places on social media and you might find posts conveying that the vehicle-transportation industry is in complete shambles because of fraud activity. Whether merited or overblown online hollering, Cox Automotive is looking to shore up its transportation endeavors by launching a pilot of Secure Vehicle Transfer. Cox Automotive said it’s a new […] [Read More]

The movement of vehicles to a dealership has traditionally been treated as a back-end logistics function. But for used-car decision makers navigating tight margins and changing expectations, auto transport needs to be front and center to their business strategy and operations. Data from nearly 10 million vehicle shipments completed through the Super Dispatch platform in […] [Read More]

United Auto Exchange has earned Auction of the Year honorees from Bridgecrest, the Memphis, Tenn.-based auction company said in a news release last month. UAX said the award spotlights its “commitment to delivering dependable service, strong results, and a consistently positive auction experience for Bridgecrest and its dealer customers.” UAX general manager Brandon Derrick said […] [Read More]

What a potential buyer is looking for on the dealership lot or website is noticeably aligned with what buyers in the lanes are searching for at the auction. The ongoing scenario might be really that simple, based on analysis included in the newest installment of Market Insights from Black Book. The report noted that overall […] [Read More]

One of the celebrated annual issues of Auto Remarketing returns in September. “The Auto Auction Issue: In-Lane and Online” will showcase the wholesale vehicle ecosystem through in-depth features, photo spreads from auto auctions, market insights, a guide to commercial consignors and human-interest stories. The features on tap for this issue include: — The changing nature […] [Read More]

CarDr, an automotive diagnostics technology company, announced last week it has launched an Auction Arbitration Risk Report, which can help auctions and dealerships find hidden mechanical exposure before a car enters a sale. This standalone diagnostic intelligence validates findings from vehicle scans against arbitration policies from the National Auto Auction Association, aiming to prevent avoidable […] [Read More]