With one auction general manager describing the impact of tax refunds in the lanes, this week’s Black Book Market Insights report indicated the car segment retaining its value better than the truck segment as a whole. However, editors pointed out that compact vans increased their value by 1.17 percent in the truck department, outperforming all […] [Read More]

More confirmation about the unusual path wholesale prices took in February arrived from the team at KAR Auction Services on Tuesday. Coming on the heels of what J.D. Power Valuation Services shared, ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class showed wholesale used vehicle prices in February averaged $10,688 […] [Read More]

With 10 sales days left in the month to move certified metal, Autotrader editors released their list of the best certified pre-owned offers available in March. For potential buyers looking to head into spring with the purchase of a like-new vehicle, the site said this could be the right time for dealers to help their […] [Read More]

On Monday, Kelley Blue Book announced its first in a series of international launches with the introduction of Kelley Blue Book in Portugal at KBB.PT. According to a 2017 TGI Grupo Marktest study, price was the No. 1 important factor for both new- and used-vehicle shoppers in Portugal, with 74 percent of new-model buyers and […] [Read More]

Along with taking a longer-term look and investigating how all pools would perform through a credit cycle, S&P Global Ratings reported that collateral performance in the U.S. subprime auto loan asset-backed securities (ABS) sector weakened in 2016 for the fourth straight year. According to a report published by S&P Global Ratings, both annualized metrics and […] [Read More]

Spireon announced updates to Recovery Link — a feature of its one-step GoldStar GPS solutions vehicle recovery system for buy-here, pay-here dealers — which can allow them to automatically send recovery agents locator intelligence on the location of lapsed vehicles through text or email. GoldStar can let BHPH dealers see the number of times a recovery agent views a […] [Read More]

When a dealer walks in the front door of the new ADESA Chicago auction, he or she might think it looks a lot like home. And that is by design. In designing the front office to the 167,000-square-foot auction in the Chicago suburbs, ADESA visited new-car dealerships throughout its home turf of Indianapolis to get […] [Read More]

String Automotive, provider of the Dealer Positioning System (DPS), recently debuted its next competitive intelligence mobile app for dealerships — StringDPS Pulse. The company said StringDPS Pulse is being offered after a wildly successful beta period with requests for the app quadrupling the original goal set for the time period. What String Automotive contends is […] [Read More]

Good news for buy-here, pay-here dealerships in New Jersey — and perhaps in other states, too. Garden State dealers can continue to utilize GPS and starter-interrupt devices. The National Independent Automobile Dealers Association capped a prolonged lobbying effort with a last-minute charge that prevented anti-consumer provisions in a proposed bill from becoming law in New […] [Read More]

On Monday, Copart announced the opening of its second location in the state of Utah. The online vehicle auction company’s newest site is located near Ogden, Utah. "Gaining a greater foothold in the Mountain States with another Utah location sets the stage for continued growth in the region," Jay Adair, chief executive officer of Copart, […] [Read More]