Used-car retail sales this month are expected to slide a bit from August, but the seasonally adjusted annualized rate remains near 40 million units, as pre-owned cars represent an attractive option for many consumers. Edmunds is forecasting used-car sales of 3.3 million for September, which would be down from 3.4 million in August. The resulting […] [Read More]

By this time next year, KAR Auction Services should be nicely settled into its sterling, new headquarters. One year after announcing its $80 million investment in central Indiana, KAR on Wednesday said its new corporate headquarters and campus in Carmel, Ind., is on track for summer 2019 completion. Officials highlighted construction of the 250,000-square-foot office […] [Read More]

Perhaps the industry is taking its collective foot off of the gas in regards to wholesale car prices. Black Book shared in its latest Market Insights report that overall car segment values decreased by 0.20 percent last week. In comparison and reflecting the unusual summer it has been at the auction, volume-weighted car values had […] [Read More]

Tech start-up Joydrive announced this week that a pair of franchised stores in New York joined its network of nearly 50 dealerships that are looking to connect with vehicle buyers who want to complete delivery at home. The latest dealerships to connect with Joydrive include Sunrise Toyota of Oakdale, N.Y., and Sunrise Chevrolet in Forest […] [Read More]

Perhaps individuals not only are in position to take on automotive debt, but they also have sureness regarding the wherewithal to maintain monthly payments on their retail installment sales contracts. In fact, a leading indictor hasn’t been this high in nearly 20 years. The Conference Board Consumer Confidence Index increased in September, following a large […] [Read More]

Security National Automotive Acceptance Co. (SNAAC), a non-prime auto finance company, and Primeritus Financial Services, a provider of recovery management, skip-tracing, and remarketing services to the auto finance industry, announced their collaborative partnership on Tuesday. Primeritus will provide SNAAC its full suite of remarketing services for SNAAC’s automotive portfolio. “Primeritus has a solid reputation in […] [Read More]

AutoCanada continues to make headlines; this time for a development within its real estate interests to help its debt obligations. On Tuesday, AutoCanada announced that it has entered into an agreement to sell two of its dealership properties to Automotive Properties Real Estate Investment Trust for a total purchase price of $55.5 million with the […] [Read More]

Carfax is now playing a bigger role in the certified pre-owned vehicle programs at Nissan North America’s Nissan and Infiniti brands. When a shopper buys a CPO car from an Infiniti or Nissan dealership, he or she will be signed up for the free myCarfax service that sends out service reminders and recall alerts. Whichever […] [Read More]

It’s got to be frustrating for dealers to see a competitor’s sticker on a vehicle that has a temporary license plate, likely signaling a recent delivery. And surely consumers aren’t pleased when they can’t purchase the vehicle they want at a cost they can afford. In an effort to find solutions to reduce instances of […] [Read More]

TradeRev is making a major expansion into the Southeast, arriving in five markets in Kentucky and Tennessee. The business unit of KAR Auction Services announced on Tuesday that its dealer-to-dealer digital auction platform now can be used by dealerships and managers in the Kentucky cities of Louisville and Lexington as well as the Tennessee hubs […] [Read More]