Digital Recognition Network surpassed an industry milestone this week with one of its service partners — nationwide repossession and skip-tracing firm American Recovery Service. The companies joined forces to exceed 25,000 recoveries; a figure officials said was enabled by DRN’s LPR2.0 platform for some of the nation’s leading automotive finance companies that utilize ARS’ comprehensive […] [Read More]

Finding enough supply. It’s a challenge that has been spotted on almost every level of the certified pre-owned business. And it’s causing dealers to change the way they look for CPO-worthy cars. In discussing the CPO market, Hendrick Automotive Group chairman Rick Hendrick told Auto Remarketing on Monday that dealers are oftenturning to the existing […] [Read More]

If the results of AutoMD.com’s latest survey are any indication, gone are the days when consumers held onto a car for a couple of years before succumbing to the new-vehicle itch once again. It seems shoppers are holding on to their rides longer and longer, as the average age of a vehicle on the road […] [Read More]

Following second-quarter growth of 1.4 percent, used-vehicle sales will likely show similar improvement in July, according to CNW Research. Based on the first 20 days of the month, the firm is projecting 4.54 million used sales for July, which would be a 1-percent hike from the used sales of July 2011 that narrowly missed the […] [Read More]

Today’s dealer is often a business-savvy one, says CorePointe Insurance Co. president and chief executive officer Jim Haan. And that sophisticated approach includes how they protect their businesses, property and inventory from whatever harm may come their way. The leader of what was formerly known as Chrysler Insurance Co. shared with Auto Remarketing his thoughts […] [Read More]

Last week, Auto Data Direct added Arizona motor vehicle records to its DMV123 program for qualified companies, raising the number of states the company has database access to 27. ADD recapped that its Web-based system is available to companies who need access to accurate, real-time motor vehicle records to complete business transactions.  Whether for a […] [Read More]

DealerTrack announced Thursday afternoon that it is acquiring the Web-based transportation and shipping network that includes CentralDispatch.com, jTracker.com and MoveCars.com. The company entered an agreement to purchase 1st Auto Transport Directory Inc., and it will likely pay about $74 million for the San Diego-based network. The deal will likely close in the third quarter, officials […] [Read More]

An economy that is apparently on steadier ground has brought good tidings for the new-vehicle market, but that may not be the case for the used-car business. Coupled with an older crop of vehicles on the road, perceptions of a stabilized economy are helping push many shoppers to new vehicles instead of used units, according […] [Read More]

Even as gas prices rise and fall, sales of hybrid and electric cars are doing much better than holding steady — they’re surging, according to a new Kelley Blue Book report. Sales of dedicated hybrid and alternative-energy vehicles saw a jump of 164 percent in June, even as gas prices declined, per the Kelley Blue […] [Read More]

Consumers clamored for fuel-friendly rides and dealers throughout the bulk of the country posted improvements in auto sales, according to the latest Beige Book report from the Federal Reserve. Some of the 12 Federal Reserve Districts also pointed to strong leasing levels and used-vehicle sales, specifically. Overall, the progress of auto dealers appeared, yet again, […] [Read More]