An upcoming mark-up of a proposed Republican transportation bill featuring regulatory and consumer protection reforms, which may contain several provisions that could directly impact dealers, is scheduled for Wednesday morning. And several industry sources have already offered their thoughts on this measure (more on that below).  Update: check out some of the ramifications for used-car dealers […] [Read More]

Given their increasing influence on the auto industry, there are several different schools of thought about millennials and their approach (or ambivalence) toward driving and car-buying, many of which have been explored in this publication. Here’s another: they might actually be quite interested in the certified pre-owned inventory on your lot — in fact, possibly more […] [Read More]

Cox Automotive chief economist Tom Webb is confident the used-vehicle industry will eventually surpass the all-time sales record sometime in the coming years; a feat that would require eclipsing the mark of 44.14 million units CNW Research indicated was established 10 years ago. But a return of double-digit margins for dealers on those used-vehicle turns? […] [Read More]

Pushed by growing pre-owned demand and a couple of market conditions making it ripe for consumers to go shopping, used-car sales in the first half of 2015 climbed above 18 million units and beat the year-ago pace by 1.3 percent. That’s according to a recap released Thursday by the National Automobile Dealers Association, which said […] [Read More]

The Used Car Week workshop room at the San Diego hotel was slam-packed like a triple-decker hoagie. Standing room only, and barely that. It was 2013 and the National Remarketing Conference breakout session was a deep dive on multiplatform selling, a topic that has continued to evolve and generate discussions in the two years since, […] [Read More]

Organizers of the North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association (ARA), set the dates for their eighth annual event, which will be held on April 14-16. The NARS 2016 planning committee members include some of the industry leaders from ARA, Capital One, California Association of Licensed Repossessors and Rocky […] [Read More]

Account Control Technology (ACT), a provider in delivering debt recovery and business process outsourcing solutions, recently was named the 2015 Corporate Partner of the Year in the Non-Profit & Corporate Citizenship Awards sponsored by the Los Angeles Business Journal. The award is given to a “for-profit organization in recognition of its impact to single or […] [Read More]

In comparing the depreciation patterns of car segments versus those of truck segments, Black Book has noticed a “large disparity” bubbling to the surface. And this gap might be most notable when taking a gander at the list of month-over-month used-vehicle pricing changes for the 25 individual vehicle segments that Black Book tracks. The three […] [Read More]

The financial underpinnings for the private equity firm investment in America’s Auto Auction and affiliated company, Auction Credit Enterprises, received a boost on Monday. Babson Capital Management, a leading global asset management firm with more than $217 billion in assets under management, purchased equity interests to support Trinity Hunt Partners' acquisition of AAA and ACE. […] [Read More]

You’re already working hard: You carefully monitor your three main inventories — new cars, used cars and car parts — to bring down overhead costs and maximize profit. You know what you spend on these tangible assets, and you work to turn a profit on those deals. But there’s a fourth inventory at your dealership, […] [Read More]