When it comes to sourcing supply, the outlook for the certified pre-owned industry looks bright, says Toyota’s Brad Heagy. He told Auto Remarketing that he believes the industry is past the peak in used values and over the trough in used availability, and that trade-in supply may be on the verge of increasing. “I would […] [Read More]

The continuing education program designed to train the next generation of auction industry professionals now has an exclusive new sponsor, one who has signed a multi-year agreement. Announcing its sponsorship of the Auction Academy is Dealer Services Corp. of Indiana, which has signed on as exclusive Floorplan Finance Industry Segment Sponsor. Auction Academy, which was […] [Read More]

In an effort to secure enough used inventory to the meet the needs of its customers, an Illinois BMW dealership is reaching out to area consumers in hopes to buy $3 million worth of used vehicles this month. Bill Jacobs BMW of Naperville, Ill., launched its “Major Buy Back Event” on Friday and is looking […] [Read More]

As football season gets underway, companies in our industry already have their sight’s set on the Big Game. Cars.com revealed late last week it is heading back as an advertiser in Super Bowl XLVII. With one 30-second spot, Cars.com marks its sixth consecutive year of advertising in the Big Game.  "Commercials during the Big Game […] [Read More]

Primeritus Financial Services recently announced several top management promotions at its California location and one promotion at its Tennessee office.  Among the promoted members of the El Dorado Hills, Calif., office are: —John Fountaine, vice president and general manager —Chris Oskiera, vice president of USA Recovery —Bill Sheehan, vice president of sales, operations and IT […] [Read More]

The Richmond and San Francisco regions were the only two Federal Reserve Districts said to have had “a bit slower paced” auto sales in the latest Beige Book report, but even these two districts are seeing hefty demand, according to the Fed, particularly on the used-car side. This was just one of several favorable signs […] [Read More]

The used-car days-to-turn rate in Canada climbed for the second straight month, according to the latest data provided by J.D. Power and Associates’ Canadian Automotive Practice. Following four consecutive months of declines, the rate settled at approximately 54 days to turn in May, before creeping up each of the last two months and reaching close […] [Read More]

Used-vehicle sales appear to be headed toward the 4-million-unit range this month, which would beat the figures from last August by more than 4 percent, according to TrueCar.com. Specifically, TrueCar is calling for 3.99 million used sales this month, which would be a 4.7-percent increase from a year ago. “It’s mostly an inventory-driven increase,” Jesse […] [Read More]

Though used-car prices are trending downward after landing at record highs due to low supply, rates are still high and some consumers are turning towards buying new. In light of this trend, Kbb.com offered a list of vehicles shoppers should consider buying new, since used prices for these units are sitting particularly close to this […] [Read More]

Though NADA Used Car Guide is predicting used-vehicle depreciation rates will see only a modest uptick in the next few years, a few segments it tracks are set up to buck the trend. In fact, a few of these segments, mostly truck-related, are expected to experience changes “well above the market as a whole,” explained […] [Read More]