With the Ford Mustang, a college graduate can enjoy the use of a quick, sporty car before family life kicks in. The 2015 to 2019 model Mustang is one of 10 vehicles that Autotrader has named as the “best cars for recent college graduates in 2019.” Autotrader managing editor Tara Trompeter said in a news […] [Read More]

As leaders of many family-owned businesses, ServNet owners take a strong interest in their employees, says Greater Rockford Auto Auction owner Ryan Clark. “ServNet’s scholarship program is a great way for us to encourage the members of our auction families and to help lay the groundwork for the next generation that follows,” Clark said in […] [Read More]

Canada had another reason to be joyful in connection with Victoria Day. The United States lifted tariffs on aluminum and steel. Prime Minister Justin Trudeau and the Canadian Federation of Independent Business (CFIB) each applauded the action by President Donald Trump that first came to light on Friday and was finalized on Sunday. “When the […] [Read More]

KAR Auction Services chief economist Tom Kontos and Cox Automotive chief economist Jonathan Smoke each examined recent tariff developments originating from the White House during the past week. Each expert discussed the potential ramifications stemming from President Trump proclamations. Last Friday, Trump delayed proposed auto tariffs on Europe and Japan for six months. Then on […] [Read More]

The unofficial start of summer is just ahead with Memorial Day weekend coming, but the wholesale market is still seeing a few signs of the spring market. This week’s Market Insights report from Black Book indicated that the spring market has been persistent through the middle of May. “Prices remained stable for a second consecutive […] [Read More]

Typically, conference organizers set an agenda ahead of time, but Ignite Consulting Partners tried a different approach and enjoyed great success with its first compliance-training event. Last week, the firm hosted its inaugural Compliance Unleashed Conference for independent dealers and auto-finance companies as attendees completed a pre-conference survey designed to identify their needs and concerns.  […] [Read More]

Weather conditions, sports scores and now repossession status are all things that auto-finance company managers can track online and in real time. Recovery Database Network (RDN), a business unit of KAR Auction Services, announced the launch of what the company called an “industry-first, all-in-one solution” that can enable recovery agents and finance companies to seamlessly track […] [Read More]

It’s a scenario pretty common to buy-here, pay-here dealerships. Store management tries to satisfy a dispute with an unhappy customer, but that individual turns to the internet to vent — and perhaps badmouth — about the dealer and its personnel. It might cross operators’ minds to put a clause in an installment contract prohibiting such […] [Read More]

Through April, the auction volume of vehicles 5 years old or newer has climbed 6.5% in 2019, a year expected to be the peak in supply for this age group of vehicles. That’s according to the latest Guidelines report from J.D. Power Valuation Services, which said auction volume of vehicles 5 years old or newer […] [Read More]

Vehicle subscription provider Fair describes itself as a “forward-thinking alternative to traditional car ownership.” The company offers an app that lets buyers shop, get approved and pay for their next car, all on their phones. Apparently, the company uses that same forward thinking in the area of employee engagement. Inc. magazine named Fair as one of […] [Read More]