KAR Auction Services chief executive officer Jim Hallett is bullish about the prospects for independent dealerships — not only for their retail performance, but also on the potential for these stores to acquire highly desirable off-lease vehicles coming down ADESA’s lanes. Hallett made his assertions earlier this week when KAR released its first-quarter financial report. […] [Read More]

The list of the 25 most-researched used vehicles on KBB.com in April was fairly steady at the top, with the top six remaining the same. There was, however, one particularly notable climber on the used-car list: the Chevrolet Silverado 1500 Extended Cab, which jumped five spots to come at No. 21. The Honda Civic led […] [Read More]

Del Mar Recovery Solutions, a full service repossession management, skip-tracing, license plate recognition and remarketing firm, recently hired a previous honoree in Auto Remarketing’s annual list of Women in Remarketing. Joining the company as its new senior vice president in charge of client relations and business development is Claudia Plascencia, who is being asked to […] [Read More]

This week, Digital Recognition Network released a new solution the company is calling Address Scoring, a tool geared to help its customers drive portfolio returns. DRN highlighted Address Scoring can deliver actionable business intelligence that results in improved processes, better customer service and reduced costs. For a limited time, DRN is offering Address Scoring as […] [Read More]

Dealer Preferred Capital on Monday expanded its floor plan and float lending at the Greater Rockford Auto Auction as part of GRAA’s year-long 40th anniversary celebration.  Late last year, officials recapped that the Dealer Preferred Capital launch at GRAA focused on offering a competitively priced floor plan that could respond quickly to dealer needs. Dealer […] [Read More]

Even as liability proceedings regarding the automaker’s ignition switch recall unfolded Friday afternoon in a U.S. Bankruptcy Court in Manhattan, analysis from both Kelley Blue Book and Edmunds.com show that shoppers don’t appear to be shying away models from General Motors. New survey data of Kelley Blue Book website users indicated only 5 percent of […] [Read More]

In a Kelley Blue Book analysis released late last month that pointed to April being “another solid month” for the new-car market, KBB senior analyst Alec Gutierrez attributed some of the sales strength to enticing lease deals. Along with “rising consumer confidence and improving employment conditions,” Gutierrez said in the April 28 report that new-car […] [Read More]

Although final numbers are still being sorted out, April’s used-vehicle sales likely reached a summit just a shade under 4 million, according to CNW Research, which said this would beat year-ago numbers by 3.7 percent. The firm put out its latest Retail Automotive Summary on Wednesday, not long before many automakers were releasing monthly certified […] [Read More]

In one particular piece of The Blue Sky Report from Haig Partners, the firm emphasizes the often strong profitability of a dealer’s pre-owned operation, while also illustrating the importance of that department with this key statistic: The share of total retail unit sales for franchised dealers that used vehicles accounted for in 2013 was more […] [Read More]

New-vehicle incentives are ticking a bit higher compared to this time last year, but analyses from a variety of outlets are showing automakers haven’t emptied their chambers in the incentive department — and as most know, strong incentives can potentially erode used values down the road. Auto Remarketing examined incentive trends from CNW Research, Cars.com and […] [Read More]