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]

Advocacy, whether it’s addressing their needs in legislative halls or responding to the operational challenges of running an auto auction, is nothing new to NAAA.  But as the National Auto Auction Association turns 70 this year and celebrates with its annual convention in Scottsdale, Ariz., that advocacy has certainly evolved and grown throughout the past […] [Read More]

Black Book might have seen the last uptick in wholesale prices for the year. Black Book released its Used Vehicle Retention Index for October as editors pinpointed the latest reading at 116.3, which represented a 1.5-percent increase over the last 12 months (114.6) and a 0.2 percent uptick since September (116.0). Editors explained October’s used-vehicle […] [Read More]

One of the used-car industry’s top analysts has earned a promotion. Jonathan Banks of J.D. Power, who is among the many speakers lined up for next week’s Used Car Week conferences, is now the company’s vice president and general manager of vehicle valuations. Banks, whose background in the car business goes back to 1995, has […] [Read More]

Lithia Motors and Shift Technologies will continue to operate separately, but their recently announced partnership creates a wide range of synergies, said Lithia president and chief executive Bryan DeBoer.   Lithia is keenly interested in Shift’s used-vehicle procurement technology, which is key to both companies’ growth strategies, DeBoer said.   Shift, based in San Francisco, […] [Read More]