Volkswagen’s diesel emissions scandal is in the industry’s rearview mirror, and Bob Cockerham is excited about selling repaired certified pre-owned Volkswagen turbo-diesel cars — the only VW CPO vehicles that come with a two-year, unlimited-mile warranty. Cockerham said those emissions modified cars have already proven to be attractive to diesel aficionados and will help him […] [Read More]

Ferocious. Finesse. A game that was equal parts silky and powerful. That was Dominique Wilkins on the basketball court. Practical. That’s Wilkins, the car shopper. Though he is big fan of cars — calling them likely his “biggest weakness” — Wilkins acknowledges, “I’m a little cheap, too,” when it comes to finding one.   “So […] [Read More]

Brian Landau, senior vice president and automotive business leader at TransUnion, needed just one descriptive moniker to summarize the auto finance data from the fourth quarter — a correction. The auto finance portion of TransUnion’s Q4 2017 Industry Insights Report released on Tuesday showed that while auto finance balances grew 5.5 percent between Q4 2016 […] [Read More]

Affinity Auto Program, which manages the Costco Auto Program, announced Tuesday that sales in 2017 surpassed two company records. Both total unit sales for the program overall and total unit sales during Costco's annual three-month Holiday Sales Event were record-breaking, the company said. According to calendar year data, in addition to the company’s Holiday Sales Event […] [Read More]

As analysts confirmed a dip in January, J.D. Power Valuation Services is projecting an uptick in wholesale vehicle prices in February. According to the latest installment of Guidelines, J.D. Power Valuation Services is expecting that wholesale prices of vehicles up to 8 years old will edge higher by 0.3 percent. If the movement happens as […] [Read More]

When consigning a vehicle for retail sale, sellers face an important question: What, if any, investment should I make in improving the vehicle’s condition to maximize its sale value? The answer depends, first and foremost, on the specific condition of the vehicle but is certainly influenced by the unique preferences of the likely retail buyer […] [Read More]

The year has started with a big push in volume for newer used cars, as nearly 273,000 late-model units made their way into the auction market last month. And that includes massive lifts from some SUV and truck segments.  That’s according to the latest Guidelines report from J.D. Power Valuation Services, which said auction volume for […] [Read More]

Auto/Mate Dealership Systems announced Monday that its team of five software developers came in first place and won a grand prize of $3,000 participating in the Hack Tech Valley Hackathon competition held at Schenectady County Community College in New York. Sixteen teams of coders had 24 hours to come up with an innovative software application […] [Read More]

ELEAD1ONE introduced on Monday its DealBuilder online car-buying application that enables salespeople to be completely mobile while guiding customers through the car-buying process. The new app can be used in-store with DealerBuilder Showroom, or on a dealer’s website with DealBuilder Online to show inventory, confirm quotes, communicate with managers, fill out credit apps and scan […] [Read More]

This past week, the House of Representatives passed two strongly bipartisan bills from the Financial Services Committee, one of which could have a significant impact on auto financing. Lawmakers highlighted that H.R. 3299 — the Protecting Consumers’ Access to Credit Act of 2017 — clarifies current law to ensure innovative marketplace lending remains in-tact while […] [Read More]