Compared to July 2018, Canadian median used-vehicle prices have risen by 6.8%. Asian-manufactured used vehicles, at 10.3%, showed the largest year-over-year price increase. And the Ford F-150 was the most commonly searched vehicle on autoTRADER.ca from late June to late July. Those are just some of the findings from the July autoTRADER.ca Price Index. The index, […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Randy Kobat, who is the senior vice president and general manager of vAuto, HomeNet, iRecon and Dealertrack DMS at Cox […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Rick Griskie, who is the chief information officer at ADESA.  Auto Remarketing: As the chief information officer of an […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Shane Marcum, who is vice president of inventory services and solutions at Dominion Dealer Solutions. Auto Remarketing: At Cross-Sell, […] [Read More]

Kevin Brown has worked with the Stanley-Autenrieth Auction Group as a consultant since October, handling special projects for both auctions in the group. Since November he has overseen a major facility upgrade at Indiana Auto Auction. On Wednesday, Eric Autenrieth of the Stanley-Autenrieth Auction Group announced that industry veteran Brown has been named Indiana Auto […] [Read More]

Cox Automotive explained why its July wholesale price data makes for a challenging comparison to what analysts reported a year ago. In its latest update, the company said wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 0.01% month-over-month in July. This movement brought the Manheim Used Vehicle Value Index to 140.5, representing […] [Read More]

Buy-here, pay-here dealerships might see their potential buyer base grow as summer rolls along, stemming from the jump in bankruptcies filed in July. According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported this week that total U.S. bankruptcy filings increased 3% year-over-year in July. Total filings came in at 64,283, up from […] [Read More]

The overall used-vehicle sales market was a bit slower in July, but the seasonally adjusted annualized rate is still tracking towards 40 million, and dealers are enjoying strong used-car operations. Not to mention, the used retail SAAR was up from June and year-ago figures, and the public dealer groups are showing strength in used-car sales. […] [Read More]

Mobials Inc. announced this week that it has revamped its AutoVerify product to answer common questions that might arise when consumers are doing vehicle research, and in the process of doing so, generate credit-qualified leads. The user flow of AutoVerify has been retooled to answer the question of greatest interest to the shopper. For example, […] [Read More]

The Birchwood Automotive Group, considered the largest automotive network in Winnipeg, Manitoba, sells everything from Jaguar and BMW to Kia and Hyundai and everything in between at their franchised locations. But in recent years, the dealer group with 23 franchised locations has created yet another revenue stream via the subprime market. Brian Bell, director of […] [Read More]