On Tuesday, KASP Auto Auction announced the appointment of Michele Pierog as its vice president of national sales. An industry veteran with over 15 years of experience, KASP highlighted that Pierog brings a wealth of experience in all facets of the auction business. Pierog started her career in 2002 with Auto Auction of New England, […] [Read More]

The American Bankruptcy Institute projected how many filings there could be this year after learning the amount of cases reported through the first six months of 2017. According to data provided by Epiq Systems, ABI reported that total bankruptcy filings during the first six months of the year increased 0.21 percent to 399,454 cases, a […] [Read More]

Perhaps the auto loan component of the S&P/Experian Consumer Credit Default Indices is becoming a game of “how low can you go?” A month after the rate tied a 10-year low, S&P Dow Jones Indices and Experian released data through June on Tuesday and determined auto loan defaults decreased 3 basis points from the previous […] [Read More]

Sheehy Auto Stores recently announced that it raised a record donation of $285,000 to give the American Heart Association this summer. The company made the donation as part of its annual Sheehy 8000 campaign, a community-wide effort from May 12 to July 5, where Sheehy dealerships sold a combined total of over 8,000 new and used vehicles […] [Read More]

RMS Automotive recently announced that it has partnered with vAuto to make the evaluation and acquisition of manufacturers’ premium off-lease and off-program vehicles a speedier process for dealers. Open sale inventory listed on manufacturers’ digital sales platforms powered by RMS Automotive is now integrated into vAuto’s Stockwave tool. The integration can save dealers time sourcing […] [Read More]

Auction sales volume wasn’t quite as heavy in June as it was in May, but there was still a good bit more units pumping through the lanes this June than last. And through the first half of the year, the late-model segment, in particular, is up close to 8 percent.  According to the latest Guidelines […] [Read More]

If a federal investigation into your dealership or finance company ever happens, perhaps here is some good news regarding how it might unfold. Federal Trade Commission acting chairman Maureen Ohlhausen on Monday announced several internal process reforms in the agency’s Bureau of Consumer Protection that are designed to streamline information requests and improve transparency in […] [Read More]

Kelly Blue Book’s Price Advisor is the focus of its recently launched “We Wrote the Book” national marketing campaign. Price Advisor provides car buyers guidance on how much they should pay for their next vehicle. “Kelley Blue Book Price Advisor helps car shoppers buy with confidence, and with our continued expansion of other tools to […] [Read More]

J.D. Power Valuation Services might have sounded like the firm formerly known as NADA Used Car Guide was repeating itself when analysts shared both their assessment of used-vehicle price movement in June and their projection for July. According to the latest edition of Guidelines, J.D. Power Valuation Services reported that wholesale prices of used vehicles […] [Read More]

KAR Auction Services chief economist Tom Kontos continues to be intrigued by the special slice of wholesale data he began to share three months ago that’s produced a consistent trend counter to the overall price reading. But first, let’s look at that overall movement. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle […] [Read More]