Used-vehicle sales appear headed for a month well north of 3 million units, according to TrueCar, which released its February forecast Monday that called for the possibility of nearly 3.32 million used sales for the month. That projected figure includes sales from franchised and independent dealers as well as private-party transactions. It would be a […] [Read More]

Gas prices fell dramatically during the second half of 2014 and still remain very low as 2015 gets underway and oil continues to lose value. This has sparked a ripple effect throughout the automotive remarketing industry, turning many consumers toward truck and SUV purchases, as well as pushing prices up in the auction lanes for […] [Read More]

This week, ALS Resolvion announced the completion of its operational and financial integration resulting from the merger of American Lending Solutions and Resolvion.  The two companies formally merged last September, creating one of the largest repossession management and skip-tracing firms in the auto finance industry. Officials highlighted the combined business currently employs more than 160 […] [Read More]

Here is something you don’t hear every day: leasing is actually lower than it should be. AutoTrader.com president Jared Rowe said this during an event Wednesday at Google headquarters — and the two reasons behind his assertion both have used-car implications. First, he said, the industry’s remarketing structure is stronger than it has been in prior years, […] [Read More]

Kelley Blue Book announced on Thursday its brand and vehicle category winners for its fourth annual 5-Year Cost to Own Awards, highlighting the new vehicles and the overarching brands with the lowest-projected ownership costs. KBB’s cost-to-own data is based on information including depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and […] [Read More]

Digital Recognition Network is hosting three opportunities through free webinars to learn more about the four ways recovery efforts can be enhanced through DRN’s location reports that now contain phone numbers. During a 30-minute webinar, DRN director of collections and recovery Marc Ahlers plans to explain how the solution is capable of: — Improving first-contact […] [Read More]

As their list of sponsors grows, organizers of the North American Repossessors Summit (NARS), hosted by the American Recovery Association, highlighted that they’re partnering with Capital One Auto Finance to host the third annual NARS Golf Tournament. This year’s event will be held on March 14, and the profits will help support the Boys & […] [Read More]

January was a great month for some models and not so great for others according to a Cars.com report on used-vehicle pricing increases and decreases. The model with the largest percentage change for the month — based on Cars.com data on used-vehicle listings with model years ranging from 2012 through 2014 — was the Chevrolet Express 1500, a […] [Read More]

With all this focus on marketing to millennials, what about some of your older customers — perhaps the ones that have hit that proverbial bump in the road known as the “midlife crisis”? CarMax research shows these customers may not be on the lookout for the stereotypical red convertible that goes along with passing the […] [Read More]

Along with explanations for why lease residuals will be under pressure and late-model depreciation will be considered as “volatile,” the latest joint vehicle depreciation report from Black Book and Fitch Ratings indicated vehicle depreciation is expected to accelerate in 2015. Analysts came to that forecast based on increased used-vehicle supply and larger off-lease volumes placing […] [Read More]