The next step in the collaboration involving the American Recovery Association and the National Automotive Finance Association unfolded on Wednesday. Continuing their repossession efficiency project, ARA unveiled its newly improved Certified Collateral Recovery Specialist (CCRS) program. The resulting baseline standards agreed upon by ARA and NAF Association encompass the key areas of vendor compliance, including […] [Read More]

As the industry turns its collective calendar to August, Black Book is seeing wholesale prices staying “unusually strong” for this time of year. The latest Black Book Market Insights report showed how cars held better retention overall than trucks this past week with prices for sporty cars again increasing slightly. “The used-vehicle market values remain […] [Read More]

More than 1,000 people will convene in Washington D.C. on Friday for a 106-mile charity bicycle ride with the hopes of bringing in over $400,000 for autism research as part of the annual Bike to the Beach DC fundraiser Carfax is supporting for the seventh year in a row. This year, Carfax has set a goal of raising of […] [Read More]

Increases in vehicles coming off leases. Better technology within the selling process. A more digital-first buyer. The need to manage residual risk. It’s such phenomena as these that have led to what auto industry consultant Maryann Keller describes as “more sophisticated remarketing,” where data analysis, cost management and new sales avenues coalesce in scientific wholesale […] [Read More]

Cars.com has unveiled a new social solutions product that is designed to help dealers share their Cars.com used-car listings with active shoppers on Facebook Marketplace. Cars.com announced Tuesday that its new Facebook Marketplace-integrated product, Social Sales Drive, can directly connect dealer's inventory to its business page on Facebook. According to Cars.com, Facebook is two times […] [Read More]

Here are more numbers that might please independent dealerships. The 2018 NIADA Convention and Expo might have been the 72nd such event in the National Independent Automobile Dealers Association’s long history, but it is No. 1 in all sorts of categories. NIADA’s first combined Mega-Conference since its December acquisition of the National Alliance of Buy- […] [Read More]

Insurance Auto Auctions announced Tuesday that it has concluded building its 11th Florida branch facility in Pasco County. This announcement comes just days after IAA announced that it opened a newly relocated Wichita, Kan., branch on Friday. Located about 45 miles north of Tampa, not only does IAA’s newest Florida branch expand the company’s footprint in the […] [Read More]

This one cuts close to home because the dealer in question is local to us at Ignite Consulting Partners, and I fear that a significant number of BHPH dealers are similarly vulnerable. And now, there is yet another case on the books that casts BHPH dealers in a negative light. Without losing a lot of […] [Read More]

Hertz is looking to make a safe bet on autonomous vehicles in Sin City. Coming on the heels of the rental car company hiring a new chief information officer, Hertz and its fleet management subsidiary, Donlen, on Tuesday announced a new strategic partnership with Aptiv, a global technology company enabling the future of mobility. Hertz […] [Read More]

On Tuesday, HyreCar reported preliminary financial results for the second quarter, and the carsharing start-up appears to be on quite a trajectory. After recently rolling out a successful initial public offering, HyreCar shared that its estimated revenues for the quarterly period that ended June 30 are expected to be approximately $2.1 million, an increase of […] [Read More]