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Dealers

Manheim unveiled its updated Express mobile app at NADA 2019 that allows dealers to gain quick access to view, bid on, and purchase vehicles from inventory listed on Manheim's marketplace digital platform.

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Cox's vAuto Acquires, Relaunches Recon Management Platform

Cox Automotive's dealer technology unit vAuto has acquired iReconCars and relaunched the reconditioning management platform as iRecon to help dealers and other partners improve used vehicle reconditioning efficiency and speed, the company announced.

2018 New-Vehicle Sales Reach 17.33M

U.S. new-car dealers sold 17.33 million cars and light trucks in 2018, exceeding expectations due to a 2.2% year-over-year improvement in December.

Two Plead Guilty for Odometer Fraud in Mississippi

The federal criminal complaint that charged the two for odometer fraud alleged that for four years the two men had purchased vehicles from auctions, dealers, and individuals in order to alter the odometers to reflect lower mileage numbers.

KAR Appoints President of Service Contract Business Unit

Edmund Field will act as president of the company, which offers extended service contract protection plans for pre-owned vehicles at independent used car dealerships and at small franchise retail automotive and power sport dealers.

Lease Approvals Tumble in June

Lease credit approvals on Swapalease’s marketplace took a small dip in June, falling to 68.4%, the company noted in an announcement.

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