Millions of vehicles in the U.S. and Canada have been recalled because of the Takata airbag saga, plus a wide array of other issues. Now Daimler made the move to recall more than 3 million vehicles in Europe to fix emission issues stemming from the diesel engine in certain Mercedes-Benz models. The Daimler board of […] [Read More]

Editors turned a phrase for this week’s Black Book Market Insights report, highlighting that “a mixed bag of vehicle valuation strength” summarized the activity in the lanes. Black Book noticed that some cars and trucks produced a “widening” gap in strength with compact vans and luxury cars generating price gains. But editors also found that […] [Read More]

It was a record half and a record quarter for Kia certified pre-owned Moving just under 40,000 units, Kia Motors America said the first half of the year represented its best six months ever for CPO sales. More specifically, Kia sold 39,799 certified vehicles in the first six months of 2017, beating year-ago figures by […] [Read More]

Black Book now serves as the trade appraisal engine for eAutoAppraise, an online trade-in solution fitted with vehicle shopping features designed to lead dealers to more successful sales transactions. All eAutoAppraise dealers can now provide customizable value ranges on specifically tailored vehicle questions powered Black Book values. Ranges are narrowed down following a series of questions […] [Read More]

As lease offers abound, monthly payments on 39 vehicles maintained their current price points, according to analysis shared by Wantalease.com on Tuesday. Site officials added there are 15 models being offered for $200 per month or less and three vehicles currently available for lease at less than $150 per month. Those units with the least […] [Read More]

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]