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used-vehicle sales

Lexus Dominates 2019 Resale Value Awards

J.D. Power unveiled its latest Resale Value Awards for mass-market and luxury vehicles, including six model-level awards for Lexus and four more for Toyota.

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ReconVelocity Aims to Modernize Reconditioning

A new company launched by ELEAD1ONE founder Hugh Hathcock was founded to bring automation and optimization to dealers’ used-vehicle reconditioning processes.

TradeRev Adds Two Midwest Markets

TradeRev has brought its digital-driven dealer-to-dealer auction platform to Kansas City and Minneapolis, continuing a nationwide expansion.

Black Book: Retained Values Flat in July

Black Book’s Used Vehicle Retention Index showed no change overall from June to July, but a closer look reveals ‘very clear trends’ in several key segments.

New Wholesale Platform Promises to Reverse Margin Compression

CarOffer was designed to leverage the power of national scale, data and new technology to enable dealers to trade for more vehicles, virtually eliminate risk, and guarantee efficient 45-day turn times.

Never Argue With Stupid People

Ziegler sees no point in debating Wall Street analysts and investors who continue to pour money into Carvana despite the company’s unsustainable business model and the federal crimes committed by two of its biggest players.

ADESA Appoints Drehs VP of Major Dealer Accounts

Scott Drehs has been named ADESA’s first-ever leader of major dealer accounts after serving as regional vice president of operations for AFC, another KAR Auction Services brand.

ACV Auctions Unveils Virtual Lift

ACV Auctions has introduced a new tool billed as the industry’s first-ever mobile high-resolution undercarriage imaging technology.

ADESA Names New GMs at 3 Auctions

ADESA has appointed Brian Wong, Mark Melton, and Eric Carpenter to the general manager post at its Flint, Las Vegas, and Colorado Springs locations.

Opinion: Stop Stocking Vehicles You Can’t Sell

Inventory management expert advises dealers to go against the used-car flow by using online marketing to clear out aging units and inform your stocking choices.