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]

Here it is — the moment we know that you’ve been waiting for … we are excited to announce that registration is now officially open for the 2015 Used Car Week conferences! For those of you who are Type A planners, that means it’s time to register so that you can check off that to-do list item. Just click […] [Read More]

Enterprise Holdings announced Thursday it has now hired more than 6,000 military veterans and reservists since it joined the 100,000 Jobs Mission coalition three years ago. Founded in 2011, the 100,000 Jobs Mission works to unite private companies that are committed to helping service members make the transition from military to civilian work life. Since […] [Read More]

Leasing’s resurgence and market impact doesn’t look like it will end any time soon. Ironically, however, it appears to be making more noise in the truck market and among mainstream brands than their car and luxury counterparts.   Relatively speaking, of course. “Leasing’s influence on industry sales shows no sign of relenting; it made up […] [Read More]