As one wholesale market economist called the certified pre-owned market one of the “good guys,” another economist specializing in the wholesale space offered a recommendation to make the CPO segment even better, especially for franchised dealerships. KAR Auction Services chief economist Tom Kontos, NAAA chief economist Ira Silver and Cox Automotive chief economist Tom Webb participated […] [Read More]

Along with releasing its latest weekly price movement update via the Black Book Market Insights report, the firm’s data also indicated the average price of a used vehicle for model years 2011 through 2015 depreciated by 0.8 percent in February. Editors noticed cars overall produced depreciation of 0.8 percent versus trucks, which saw 0.7 percent […] [Read More]

UCDA Members can now sign up for CARPROOF’s newly introduced used-car appraisal tool — Vehicle Valuation Report — and receive competitive rates following the company’s recent partnership with the not-for-profit organization.   “The partnership is a mutual mandate between both CARPROOF and the UCDA that we help our shared customers operate in a more efficient […] [Read More]

What is the difference between innovation and disruption? Is there a difference at all?  What areas of the wholesale remarketing industry are being disrupted, and what areas are ripe for change? Those are some of the questions posed during a session here at the Conference of Automotive Remarketing, and undoubtedly on the minds of many […] [Read More]

As president of Intellaegis, the software company that built masterQueue, and a founding partner in RepoRoute, I’d like to share some thoughts on the importance of field management software and where we see this new technology taking the industry. We see this moment as one of the most critical times in the history of auto […] [Read More]

Think your buy-here, pay-here operation has been the only one impacted by the delayed release of tax funds to certain consumers? One of the largest BHPH players as well as a finance company that books plenty of non-prime originations discussed the situation recently. First, a little information background from Cox Automotive chief economist Tom Webb. […] [Read More]

As of early afternoon on Wednesday, there were more than 100 people from 74 different dealerships registered for the Auto Remarketing Canada Conference, which will be held April 3-4 at the Westin Harbour Castle in Toronto.  And the list has been growing steadily each day, say conference organizers. If you’d like to connect with these folks, make […] [Read More]

Insurance Auto Auctions announced its  expansion of auction locations in Arkansas, Idaho, Indiana, Louisiana, Maine, Pennsylvania and Oregon in order to meet and anticipate increasing customer demand. Its facilities which now occupy 173 locations in the U.S. and Canada. The salvage vehicle auction company says its plans for growth within the seven states exhibits its commitment to […] [Read More]

AutoNation said Wednesday that Jon Ferrando — who is executive vice president – general counsel, corporate development and human resources — will retire from the company on March 31. Effective April 1, Coleman Edmunds will serve as acting general counsel and corporate secretary. He is currently AutoNation’s senior vice president and deputy general counsel. “I have enjoyed […] [Read More]

The Consumer Financial Protection Bureau (CFPB) recently released a report detailing the problems in the credit reporting industry that the bureau said it has uncovered and corrected through its oversight work. Since launching its supervision of the credit reporting market, the CFPB has identified significant issues with the quality of the credit information being provided […] [Read More]