One of the biggest changes to come out of the second year of the COVID-19 pandemic is dealers directly wholesaling from their lots.
With high prices and fast sales, dealers are selling cars before they get a chance to pull them into their shops to recondition them up to full CPO standards.
Survey: Car dealers are most optimistic when traffic is good, profits are strong, and when new and used vehicles prices are high.
The latest Cox sentiment index shows more signs of the overall market recovery from the depths of Q2 2020.
Vehicle Transport simplifies complex logistics management, enables time and cost efficiency, and reduces risk automakers, dealers and fleets.
The number of unsold new cars and light trucks at U.S. dealerships reached nearly 3.8 million at the start of August, a 71-day supply.
Manheim announced a new integration designed to make it easier for dealers to schedule transportation for vehicles they buy at wholesale. Manheim's buyers now have seamless access to Central Dispatch's digital shipping platform to directly list vehicles on Central Dispatch.
EchoPark doubled the amount of used vehicles it sold in the first quarter of 2019, signaling a growing demand for used vehicles.
John Fuller, founder of NextGear Capital, died Wednesday at age 75, the company announced. Fuller is known throughout the auto retail industry as an innovator in the floorplanning segment, having founded and sold Automotive Finance Corp. and Dealer Services Corp., the latter to Manheim.
Westlake Financial Services has selected America's Auto Auction Harrisburg as its auction of the year and named five auctions that were the top in their regions in 2018.
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