TradeRev has eliminated monthly subscription fees for U.S. car dealers, which will allow users to participate in as many one-hour vehicle auctions as they’d like, and only pay fees for completed transactions, the auction portal announced.
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eAutoAppraise, a provider of online trade-in valuation and credit prescreening services, said that with this move, it’s dealer partners would now have access to Black Book’s accurate vehicle valuation services.
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Southeast-region auctions are seeing a seasonal increase in values driven by tax-return-driven buying at dealer lots, but say the spring bump isn't as pronounced in 2017 in part due to the delay by the IRS to issue returns in late February.
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CarMax has opened a store in Murrieta, Calif., that will include a four-lane auction and serve as the West Coast reconditioning hub for the nation's largest retailer of used cars.
Read More →Franchised dealers in East Coast markets, including northeast Ohio, Washington, D.C., and eastern Massachusetts, have begun using ACV Auctions' mobile app that takes a vehicle condition report and alerts buyers that a 20-minute auction has begun.
Read More →Alliance Inspection Management (AiM) has added AiM Verify, a new wholesale floor plan audit platform, to its growing suite of apps and technology tools.
Read More →ACV Auctions has hired Michael Waterman as its vice president of sales. He will play a key role in helping the company grow its mobile-enabled live auctions.
Read More →MyDealerLot (MDL) has released Service Drive Concierge, which uses License Plate Recognition (LPR) technology as an alternate identity trigger to MDL's Radio-Frequency Identification (RFID) tool.
Read More →ServNet Auctions and Automotive Finance Corporation are offering dealers the opportunity to floorplan their purchases with AFC for up to 90 days for an exclusive promotional rate of $90.
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A higher portion of pricier off-lease units that made their way onto the market in September, along with higher truck prices, which resulted in a flat wholesale market for the month in the Southwest region.
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