Alan Mulally, who was Ford Motor Co.’s president and chief executive officer from 2006 to 2014, will be a keynote speaker at the National Auto Auction Association’s annual convention in November, the trade group said Tuesday. Mulally’s keynote presentation will be during NAAA’s opening luncheon Nov. 14, and it will be followed by a moderated […] [Read More]

With the Fourth of July holiday within striking distance, Black Book is seeing typical depreciation patterns common for this time of year. Editors noted in this week’s Black Book Market Insights report that overall depreciation remained in check as prices for a handful of car and truck segments were unchanged or even increased a little. […] [Read More]

The Washington Post recently honored Carfax with its fifth consecutive Top Workplace award, which recognizes Washington, D.C.-area companies with the highest ratings from their employees. The company announced Monday that it is one of just 11 mid-size companies to receive the annual award a total of five consecutive times. In addition to Carfax, among the total 150 […] [Read More]

Platinum Auto Finance recently made a series of strategic moves, including an expansion in markets near its base in Florida while closing one of its facilities in North Carolina. The expansion portion of the subprime auto finance company’s strategy involves increasing its sales presence in key markets in Florida and expanding its customer service team […] [Read More]

CarSoup.com has integrated fresh multi-touch attribution technology in an effort to help dealers verify which particular marketing sources are helping them move metal on the site. The company announced Monday that dealers can get an increased holistic view of how their vehicles sell on the site via Clarivoy’s Attribution API software. CarSoup is a national […] [Read More]

Used-car prices remain “stronger than expected” and have edged up from year-ago levels. But they could fall by nearly 6 percent over the next two years, according to the latest RVI Quarterly Risk Outlook report, which cited a plethora of inventory and incentives as the key drivers. As for the latest pricing activity, May’s real […] [Read More]

DealerStar DMS is the latest company to be certified by DealerSocket CRM for integration. To save both time and double entries, automotive dealerships can now push a deal from DealerSocket directly to the DealerStar DMS in real-time. With dealership’s vehicle inventory plus service and sales history from DealerStar, DealerSocket CRM users can use insights gained […] [Read More]

Auto defaults dropped last month for the third consecutive month as the May reading now has settled below the 1-percent mark for the fourth year in a row. According to data through May released by S&P Dow Jones Indices and Experian, the auto finance default rate dropped 6 basis points from the previous month to […] [Read More]

While new-vehicle owners overwhelmingly favor SUVs, when it comes to the most satisfying popular, non-luxury brand, drivers seems to be more divided in 2018. Following a win from the Korean brand Kia in 2016, followed by a 2017 win from GMC, this year, the American brand has made it on the list again in a three-way tie […] [Read More]

At 78 auction locations, Manheim has invested $400 million to bring its dealer clients simpler transactions and processes. The auction company announced Monday that, with these upgrades, dealers now have access to tools and self-service options for their businesses that are designed to help them work more efficiently and make smarter decisions. “The whole heartbeat of what we were doing […] [Read More]