Just like the temperatures outside, Black Book is expecting used-vehicle values to cool for the remainder of the year. On Tuesday, Black Book released its Used Vehicle Retention Index for September, which came in at 115.9. The reading marked a 0.6% decrease from August, when it was 116.6. “The used market held up pretty well […] [Read More]

It might only be October, but the American Recovery Association (ARA) already has its eyes on early May, unveiling the theme for one of its largest annual events. ARA, along with headline sponsor, Harding Brooks Insurance, announced this week that registration is now open for the 12th annual North American Repossessors Summit (NARS). With continued […] [Read More]

ALS Resolvion is trying to make collaboration within the skip-tracing and repossession worlds a little easier to be done online. The recovery management firm this week announced a transition of its popular community forum, Lenders Repossession Best Practices, from one operating on social media platform to a site that lives within ALS Resolvion’s website. The forum […] [Read More]

Open Lending promoted two of its executives this week who have combined to serve the company for nearly 20 years. The provider of analytics, risk-based pricing, risk modeling and automated decision technology for credit unions and other finance companies, announced the promotion of two of its sales executives: Matt Roe and Tom Rice. Roe was […] [Read More]

Jaguar Land Rover Austin general manager Damon Spears says that his company’s use of Dealerware fleet management software has allowed it to know the most important information about its fleet in real time. “We're saving thousands of dollars a month in fuel recovery, and most importantly, we're delighting customers with a more modern experience,” Spears […] [Read More]

Cardone Automotive Resources has hired Jeff Bounds as head of automotive, noting that Bounds will continue the company’s focus on operational consulting, lead generation tech, people development and digital services. Bounds will build on company leader Grant Cardone’s work in offering dealership sales and service tools. Bounds said his goal for the partnership is for […] [Read More]

Lithia Motors’ Tuesday announcement that it has added Chrysler Dodge Jeep Ram Fiat and Subaru stores in Morgantown, W.Va. is its second recent announcement of expansion to the Morgantown area. Lithia in June of this year acquired Ford Lincoln of Morgantown, which the company said was part of the Lithia nationwide network reaching 82% of the […] [Read More]

Take a bus, take a train, or rent a vehicle. Ridesharing company Hitch says that for people who don’t own a car, those are pretty much the only options for long-distance travel between most American cities. After Hitch’s announcement last week that it is expanding its service to Dallas, people can now use the Hitch app […] [Read More]

Used-car sales saw only a slight decline last month, and the seasonally adjusted annualized rate of sales remains on a steady course, according to Cox Automotive. There was a 0.1% dip in sales volume for used cars in September, the company said, compared to an 11.3% slide on the new-car side. The overall used-car SAAR […] [Read More]

Things have come full circle for Mark O’Neil. The former Cox Automotive chief operating officer who retired in March was named to the board of directors at CarMax, a company he helped develop and launch. O’Neil was with CarMax from 1992 until 2000, including time as its vice president from 1997 to 2000. “Mark is […] [Read More]