Perhaps the recent hullabaloo about a potential used-car price collapse was much ado about nothing. Retention values for 1- to 3-year-old vehicles in 2017, as calculated by Kelley Blue Book, were at 56 percent at the beginning of October, which is slightly ahead of year-ago levels (55 percent). “The lack of normal depreciation in used-vehicle […] [Read More]

The Federal Emergency Management Agency said Friday that during the next seven days, 20 million meals and more than 11 million liters of water would be arriving on Puerto Rico.    After confirming the safety of all 30 employees on the island, Cox Automotive put in motion a variety of initiatives to help the Manheim Caribbean team […] [Read More]

Auto Remarketing has named its 2017 CPO Dealer of the Year, an award presented by ADESA. Earning this year’s honors is Kia of Irvine. For three consecutive years, the California dealership has been the automaker’s top seller of certified pre-owned vehicles nationwide. And Kia of Irvine might make it four in a row in 2017, […] [Read More]

Just weeks before the holiday season approaches, Autotrader has come out with its top picks for certified pre-owned deals in October.  That list includes attractive incentives from BMW, such as comprehensive coverage with no mileage limit at the end of the original four-year/50,000-mile warranty that's included on all new BMW models. "One advantage for shoppers […] [Read More]

With President Trump evidently having no objections to seeing the North American Free Trade Agreement (NAFTA) potentially disappear, the American International Automobile Dealers Association (AIADA) expressed great concern over the impact changes to the policy involving the U.S., Canada and Mexico would likely have on the cost of vehicle prices. This past Wednesday, Trump hosted […] [Read More]

JM&A Group announced Thursday that it has promoted Gavin Tennant to vice president of customer services and Mark Barovich to assistant vice president of portfolio risk management and actuarial services. Tennant most recently lead the company's redesigned dealer portal initiative called Dealer Source. In his new role, he will oversee all claims and customer service […] [Read More]

The Equifax data breach is continuing to impact Experian and TransUnion, too. First, New York’s attorney general asked for formal meetings as the Empire State intensified its financial services regulations. Now this week, Chief Deputy Whip Patrick McHenry, who also is vice chairman of the House Financial Services Committee, introduced a bill to broaden federal […] [Read More]

ACI Worldwide, one of the more than 60 exhibitors set to share their expertise during Used Car Week, recently announced the winners of the 2017 ACI Innovation Awards, with one of the recipients being a finance company that specializes in subprime paper. The awards recognize banks, financial intermediaries, merchants and billers around the world for […] [Read More]

Cars.com announced recently that the company has improved its search experience and enhanced its vehicle inventory pages via an expansion of its suite of pricing tools with the rollout of "Badging," which uses machine learning to assess the closest comparable vehicle for shoppers. The site’s latest search feature updates and new shopping tools are designed […] [Read More]

A service provider sporting relationships with nearly 20 automakers now is in place to help independent dealerships retail certified metal. Wheel’s Automotive Dealer Supplies has been selected by the National Independent Automobile Dealers Association as the exclusive supplier of point-of-sale merchandising, collateral and printing services for the NIADA Certified Pre-Owned program. Wheel’s Automotive, which also […] [Read More]