ADESA announced this morning that its subsidiary, PAR North America, is the recipient of TD Auto Finance’s Repossession Vendor of the Year. TD Auto Finance chose PAR based on its outstanding ratings for compliance, performance and communication. According to the announcement, the company was the segment leader in key areas, such as repossession rate, time […] [Read More]

Expect monthly used-vehicle sales for November to end up a good bit softer than they were in October, but the seasonally adjusted annualized rate should actually be about 2 percent higher. An Edmunds.com analysis released Monday is predicting an estimated 2.64 million used sales for November, down from 2.96 million in October. However the used-car […] [Read More]

Swapalease.com reported lease credit approvals on its website rebounded during October. The rate improved to 74.1 percent compared with 64.5 percent in September. Site officials indicated roughly three out of every four lease applicants were approved in October, an important indicator given the continued popularity of car and truck leases. Year to date, Swapalease.com has […] [Read More]

So, how much more money will a certified pre-owned vehicle fetch than a non-CPO used car? Edmunds.com answered that very question in its Q3 Used Vehicle Market Report. What the site found was that if you took a CPO model and its non-CPO used counterpart, the certified vehicle will notch a price premium of $1,341, […] [Read More]

With the Los Angeles Auto Show in high gear this week and new models launching, ALG — the analytics division of TrueCar — has shared some data and analysis on how well these vehicles may hold their respective values. Below is ALG’s data as well as thoughts from vice president of industry insights Eric Lyman […] [Read More]

The political action committees of the National Independent Automobile Dealers Association and National Auto Auction Association announced they have made a joint contribution to Sen. Tim Scott, a Republican from South Carolina, in conjunction with last week's NIADA National Leadership Conference and Legislative Summit in Washington D.C. In addition, NIADA PAC announced a contribution to […] [Read More]

The Baltimore Ravens are on the cusp of winning Super Bowl XLVII. President Barack Obama is being sworn into his second term. Most of us (for better or worse) have yet to hear the song “Blurred Lines.” That was January 2013. It was also the last time that vehicle incentive spending did not show annual growth. […] [Read More]

TransUnion acknowledged conventional wisdom suggests the summer months prior to a new school year are most popular for household moves. But a new analysis from the credit bureau found that the higher volume season actually lasts from May all the way through December. Analysts indicated these findings may be of special benefit to skip-tracers, repossession […] [Read More]

Preferred Warranties Inc. announced that it has named a new president. Brian Cosgrove, formerly PWI’s vice president of marketing and sales since January, brings 30 years of experience into the new position of president. “I am honored to be part of PWI and to have the opportunity to lead us as we expand our footprint […] [Read More]

Today, we focus on the road to ultimate business success. This is powered by a growing customer base, increasing loyalty and customer retention. Here are some innovative marketing ideas to increase your competitive edge by delivering more value to women customers. 1.  Buy a Car in Less Than 2 Hours Do you know it currently […] [Read More]