With a double-digit-percentage rise in commercial vehicle volumes, along with notable changes in the quality and prices of vehicles, 2023 was a “pivotal point” for the auction market, at least from the perspective of commercial consignors. AutoIMS examines that perspective in greater detail through its latest quarterly Industry View report, which is a “compendium of metrics featured in the AutoIMS Sales Scorecard that reflects the AutoIMS database (with a few needed exclusions) — a vast majority of the commercial sales volume at wholesale auto auctions in North America.” That AutoIMS report indicates there was ... [Read More]

Cox Automotive said it’s “doubling down” on its commitment to vehicle logistics. The auto industry giant announced an investment of more than $100 million in its Central Dispatch brand to “revolutionize the vehicle transport industry through technology.” Cox said the investment will transform Central Dispatch from a matchmaking service that connects shippers and carriers into […] [Read More]

Black Book announced it has expanded its integration with CarWiser Xchange, a platform and tool designed to give dealers access to consumer cars and enables consumers to receive instant vehicle offers. In a news release, Black Book said CarWiser “champions a new era in vehicle acquisition efficiency and dealer consumer engagement” by connecting consumers with […] [Read More]

IAA, a global digital marketplace connecting vehicle buyers and sellers, has implemented the J.D. Power ChromeData VIN Descriptions (CVD) service in the IAA Interact merchandising platform. The addition of CVD to the platform is designed to give IAA customers access to specific trim-level information for more than 90% of vehicles listed, including Ford and Toyota. […] [Read More]

SYCN Auto Logistics has added Karen Gerba as vice president of relocation division sales and partnerships. Gerba joins the company with more than 30 years in the global mobility industry, specializing in partnership engagements for corporate clients, relocation management firms and global supply chains. “Karen’s exceptional reputation and experience in the relocation space, coupled with […] [Read More]

The latest wholesale market updates from ADESA US Analytical Services and Black Book both mentioned the same new-car market trend potentially influencing what might happen next at auctions. Experts at each firm noted money is being slapped on the hood again to get new models delivered. So, what are consignors and dealers currently doing in […] [Read More]

Black Book has taken a big step toward helping the auto industry navigate an electric future. The provider of vehicle valuations and industry analytics introduced Battery Adjusted Values, which it says are the industry’s first electric vehicle valuations. The valuations incorporate battery condition adjustments based on data from Recurrent, a provider of EV analytics. Using […] [Read More]

Auto transport provider USAL is restructuring its logistics and brokerage business. In a news release, the company said its “newly solidified” team is “poised to serve vertical markets in both commercial and carrier development,” and said the restructuring “signals the company’s growing presence in the vehicle remarketing and brokerage industries.” “Our robust growth over the […] [Read More]

Used-vehicle inventory remains in short supply, which is why vAuto is launching a new product designed to help dealers look beyond traditional channels to source vehicles. Global Search, an enhancement to vAuto’s flagship ProfitTime GPS inventory management system, is designed to make it easier for dealers to find and acquire the right vehicles across numerous […] [Read More]

Retail My Ride, an online network of independent retail consignment dealerships, has launched Bulk Retail Consignment, a program designed to provide select auto dealerships with exclusive access to institutional sellers’ best vehicles. Retail My Ride said it has partnered with a large consignor company to sell its national clients’ late-model cars, trucks and SUVs on […] [Read More]