Perhaps some used-car managers filled a void left with no live sports to watch on television with observing activity during online sales. The newest Black Book Market Insights report released on Tuesday indicated managers aren’t just watching; they’re starting to bid and buy a bit more, too. Black Book vice president of automotive valuations Laura […] [Read More]

The International Automotive Remarketers Alliance is beginning a three-part informational webinar series on Friday titled, “IARA Road to Recovery 2020.” The opening segment is scheduled to feature KAR Global chief economist Tom Kontos and Cox Automotive chief economist Jonathan Smoke, who plan to discuss six topics, including: • Status of the COVID-19 pandemic and the […] [Read More]

The newest information from the American Bankruptcy Institute (ABI) possibly shows the positive impact of federal intervention to support consumers and businesses during the coronavirus pandemic. According to data provided by Epiq Systems and released on Tuesday, total U.S. bankruptcy filings in April decreased 46% from the previous year. ABI said bankruptcy filings totaled 38,428 […] [Read More]

Viewed through the prism of the U.S. auto asset-backed securities (ABS) market, S&P Global Ratings generated a report examining the depth and potential impact of extensions of vehicle installment contracts because of the COVID-19 pandemic. According to a report based on the firm’s watch of securitizations, S&P Global Ratings computed that extensions on a dollar […] [Read More]

Wholesale auction sales for the week ending April 26 marked the third consecutive sequential gain, according to J.D. Power Valuation Services, which also said sales for that period  were over twice as strong as the tally from the market’s worst week. The firm said in its COVID-19 Valuation Services Update released Thursday that there were 39,700 […] [Read More]

Wholesale-price analysis and projections from Black Book, Cox Automotive and J.D. Power Valuation Services contained a variety of encouraging assessments about the trajectory of this vehicle metric. Beginning with the latest update from J.D. Power Valuation Services, analysts there said wholesale auction prices ticked up by a little more than 1% on a weekly comparison […] [Read More]

Auto insurance marketplace DealerPolicy has integrated data analytics company J.D. Power’s new insurance data and analytics platform to create personalized insurance quotes tailored to a customer’s specific preferences. DealerPolicy on Monday announced the collaboration, which it said would deliver instant, personalized insurance quotes to car buyers. The new personalized insurance service is now available to […] [Read More]

Income development and organizational efficiency provider Select Dealer Service has chosen automotive industry online interactive learning and training development service Product Prep to be the exclusive online training service for its dealer partners. Select Dealer Service provides auto dealers with customized strategic growth and development plans to increase dealerships’ profitability opportunities, and Product Prep said […] [Read More]

TrueCar has launched a dedicated vehicle purchase program that provides exclusive military incentives and benefits to those who have served U.S. armed forces and their families. Called “TrueCar Military,” the program provides those benefits on top of TrueCar’s existing benefits. TrueCar says that up to $2,000 in automaker military incentives on select brands and models […] [Read More]

In an effort to gain more timely information about how consumers are being impacted by COVID-19, TransUnion compiled a global report examining financial hardship and found that in the U.S., 87% of consumers who participated in a survey said they have a plan to navigate their challenges. Charlie Wise, head of global research and consulting […] [Read More]