Two prominent industry names — Consolidated Asset Recovery Systems and Digital Recognition Network (DRN) — now are working even closer together. The two companies that will each have prominent appearances during Repo Con at Used Car Week 2018 announced on Wednesday that they have entered into an agreement to provide license plate recognition (LPR)-enabled repossession […] [Read More]

Before I hopped on a plane for my first trip to Arizona some 16 years ago,  I remember it being chilly, rainy and in the middle of a college semester back home in Raleigh. So, a week of spring-like warmth and Spring Training baseball in the Valley of the Sun was as good (and relaxing) […] [Read More]

Chad Bailey, president and majority owner of Akron Auto Auction, believes that the National Auto Auction Association has a lot to offer its members — from helping them learn to become more effective leaders to figuring out ways to address the industry-wide service technician shortage and so much more in between.   In fact, Bailey […] [Read More]

It’s back to normal for the wholesale used-car market. Following a summer where both the value retention in used cars and weather were hot, Black Book is starting to see “normal patterns” for this season, as fall marches on. “Used-car depreciation rates are now showing normal patterns for this time of the year after strong […] [Read More]

While full-year used-car prices should increase by more than 3 percent this year, you can expect some slowdown over the next few years, according to the latest quarterly RVI Risk Outlook from RVI Analytics. For full-year 2018, the RVI Used Vehicle Price Index is likely to grow 3.1 percent over 2017. However, the index is […] [Read More]

Contact At Once reached a new threshold of dealerships using its tool on a mobile device. The LivePerson company announced on Tuesday that 10,000 dealerships have now migrated to its web-based app, CAO! Connect, meaning two in three stores using Contact At Once applications are now taking advantage of the benefits of its latest innovations. CAO! […] [Read More]

Copart is moving into Germany as fast as drivers accelerate through segments of the Autobahn. Following location openings near Hannover, Leipzig and Mannheim in Germany, Copart announced this week that it will begin auctioning vehicles every other Friday from its new facility located at Furth, near Nurnberg, the second largest city of the German federal […] [Read More]

The average premium that a shopper will pay for a certified pre-owned car is 3.6 percent, according to an analysis from iSeeCars.com, which said the lowest premium (percentage-wise) can be found on the Jeep Wrangler Unlimited. The company looked at more than a million 2015 model-year used cars to gauge how much more the CPO […] [Read More]

It’s already been a November to remember for Ignite Consulting Partners. First, the auto-finance compliance firm that caters to buy-here, pay-here dealerships of all sizes, announced that Steve Levine and Richard Hudson have expanded their roles as managing partners as co-founder Allen Dobbins will be stepping away from the business. Then, Ignite Consulting Partners bolstered […] [Read More]

The fourth quarter began with an uptick in bankruptcy filings; perhaps providing a potential lift of buy-here, pay-here dealership customers as store operators head toward the early portion of tax season. The American Bankruptcy Institute (ABI) indicated that consumer filings in October rose 5 percent. According to data provided by Epiq Systems, total U.S. bankruptcy […] [Read More]