The recent flurry of mergers and acquisitions within automotive includes another move in the fleet segment. On Wednesday, Element Fleet Management Corp. entered into a definitive agreement to acquire Autofleet. The companies highlighted this strategic acquisition positions Autofleet to leverage Element’s global resources while continuing to spearhead innovation within the mobility industry. “This partnership represents […] [Read More]

The “transformation” of Central Dispatch continues. Cox Automotive’s self-managed auto transportation marketplace has launched a “completely reimagined” platform, designed to simplify transportation management by providing shippers, brokers and carriers everything needed to complete a transaction in a single, integrated marketplace. It’s the second phase of what Cox termed a “journey to transform the vehicle transportation […] [Read More]

OPENLANE wants to give condition reports a boost. The online wholesale used-vehicle marketplace has launched Code Boost IQ, a vehicle inspection enhancement designed to enable faster, better-informed decision-making for dealers. The company said its system uses industry-standard On-Board Diagnostics II (OBD2) scans to detect thousands of alphanumeric diagnostic codes that indicate potential mechanical or electrical […] [Read More]

Dealers could benefit from adjusting their strategies when it comes to pricing and turning used cars, and they may need to turn to additional services to maintain profits. These were some of suggested strategies in the latest Used Market Report from J.D. Power, which found that  “correction” is ongoing in the wholesale vehicle market, where […] [Read More]

TPC Management’s latest personnel move is a look toward the future. Ray Wanna, son of longtime TPC executives Penny and Jiles Wanna and nephew of company founders Pierre and Pauline Pons, has joined the firm as commercial sales/business development coordinator. “We have long noted the strength of family-owned businesses in the remarketing industry,” Pierre Pons […] [Read More]

As perhaps the consumer search for affordable vehicles continues, the overall status of the wholesale market appears to be stable, stemming from the latest update from Black Book released on Tuesday afternoon. Black Book highlighted that the wholesale market had a deceleration in the rate of depreciation during the first full week of August compared […] [Read More]

A 20-year industry veteran is back in the auction industry. Kevin Brown has joined Great Lakes Auto Auction in South Bend, Ind., to consult on sales efforts and coach the sales team. “Kevin has a reputation for growing auctions, and I feel honored to have him working with our sales team,” GLAA vice president Chad […] [Read More]

Driven by continued strength in commercial consignment, auction sales are up double-digit percentages so far this year, including July volumes that climbed more than 24% from a year ago. July also marked a milestone for electric vehicles: it was the first time there were more than 10,000 auction sales of EVs. All this according to […] [Read More]

Longtime auto auction veteran Tammy Swofford has joined ADESA as senior director of commercial customer solutions. The company said she will be responsible for managing national accounts. “Tammy is a talented industry veteran who excels at partnering with customers to understand their needs and then delivering a solution tailored to maximize potential,” ADESA vice president […] [Read More]

Cox Automotive’s Ken Kraft is putting one more item on his plate. The executive vice president and chief marketing officer will also assume leadership of the company’s sales organization as chief sales officer, Cox said in a news release. Kraft will work with current chief sales officer Tim McKinley, who will retire at the end […] [Read More]