While the core of TrueCar’s business model continues to be connecting dealers with in-market car shoppers, the company sees its wholesale vehicle sourcing products as key way to further address the needs of its dealer customers. Especially as dealers prioritize used-car acquisitions amid tight supply. Market conditions give the company opportunities “to leverage our ... [Read More]

Wholesale prices dropped another 0.56% last week, according to Black Book’s newest installment of Market Insights. “Depreciation accelerated last week across nearly every vehicle segment,” analysts said. “However, due to the strength of this year’s spring market, current pricing remains above levels seen at the start of the year.” Black Book also reported last week’s […] [Read More]

Some major restructuring is underway in RB Global’s leadership. The parent company of IAA, Ritchie Bros. Auctioneers and 12 other brands announced additions, retirements and shifting roles among some of its top executives in changes set to take effect Sept. 1. The moves are designed to “position the company for accelerated and consistent growth,” RB […] [Read More]

Cars Commerce’s wholesale-related business units — Accu-Trade and DealerClub — are growing, sure. But perhaps just as important, they’re helping the company on its path to, “fully closing the loop between retail, wholesale, and appraisal technologies to complete a comprehensive used car solution,” CEO Alex Vetter said in Cars Commerce’s second-quarter earnings call. And that's possible through ... [Read More]

Looking to boost its market share in the auto auction sector, Ship.Cars has added a former ADESA executive as its new vice president of SaaS sales and remarketing. The provider of software for the car-hauling industry announced it has hired Eddie Ammar, who served almost 20 years in leadership roles with ADESA and as a […] [Read More]

Dealer-to-dealer sales within OPENLANE’s marketplace segment climbed a double-digit percentage for the third straight quarter, and while commercial sales slowed, that decline was expected and likely temporary. In the second quarter, there were approximately 182,000 dealer units sold through OPENLANE, up 21% year-over-year and up 6% from the first quarter, the company said in earnings results released last week. That represents a gross merchandise value of $2.5 billion, up from $1.8 billion a year ago. Commercial volumes came in at ... [Read More]

Cox Automotive’s vAuto is looking at vehicle appraisals with a fresh eye — a UVeye, to be exact. vAuto announced it is integrating UVeye, an artificial intelligence-powered vehicle inspection system, directly into its inventory management platform’s appraisal and inventory sourcing process. In a news release, Cox Automotive said the integration advances its mission to use […] [Read More]

CarGurus will wind down its CarOffer transaction business, including the dealer-to-dealer and Instant Max Cash Offer products, and expects to complete the process in the second half of the year. The company said in an earnings release Thursday that after a strategic reassessment of CarOffer, it has determined the transactions business “has proven less effective […] [Read More]

Bo goes. Suh subs. The National Auto Auction Association said Bo Jackson, scheduled to be the closing keynote speaker of the 2025 NAAA World Remarketing Convention next month in Kansas City, has canceled due to “unforeseen circumstances.” Replacing him in the lineup will be former NFL defensive tackle Ndamukong Suh, a five-time All-Pro and Super […] [Read More]

A month after showing the first year-over-year decline in auction sales volumes since December 2022, the wholesale vehicle market showed some strength in July, albeit with some sales disparity among segments and vehicle age groups. Through seven months of 2025, year-to-date wholesale sales at auction are up a little more than 6% year-over-year (selling-day adjusted), according to the latest AuctionNet data from the National Auto Auction Association. In July, auction sales climbed ... [Read More]