Attributed in part to what analysts see as struggles to turn new models, J.D. Power Valuation Services’ seasonally adjusted used vehicle price index fell for the 10th straight month, leaving the reading at the lowest level since September 2010. J.D. Power Valuation Services (formerly NADA Used Car Guide) reported in the May issue of Used […] [Read More]

It’s another big acquisition in the KAR Auction Services family, this time in the vehicle shipping platform segment of its business. And one that gives it a presence in consumer-ordered car transport. KAR subsidiary CarsArrive Network has purchased the vehicle transportation business of Dependable Auto Shippers, the parent company said in a news release Wednesday. Through […] [Read More]

In a news release earlier this week, The Presidio Group discussed a few details surrounding the sale of four Serra Automotive, Inc. dealerships to former AutoNation executive Mike Maroone, a deal in which it advised Serra Automotive. As part of the transaction, which was completed Monday, Serra Automotive will keep a minority interest in these […] [Read More]

Impact Auto Auctions, a subsidiary of Insurance Auto Auctions and a business unit of KAR Auction Services, recently launched Impact AuctionNow, a mobile app that allows buyers from across Canada and beyond to place bids both live and online. Impact AuctionNow is compatible with iPhone, Android and tablet devices, and according to the company, it […] [Read More]

As American Recovery Service (ARS) and Digital Recognition Network (DRN) highlighted the fruits of its ongoing partnership, DigitalDog Auto Recovery recently announced Jason Stephens has rejoined the California repossession, locksmithing and transportation firm to further develop their growing footprint in the California repossession market, as well as exploring growth into other states. Stephens comes with a […] [Read More]

PayLink Direct and Omnisure Group, two specialty finance and vehicle service contracts, recently merged to create one of the largest VSC payment plan providers in the United States. Rebecca Howard, co-founder and chief executive officer of PayLink Direct, and Paul Walder, co-founder and chief executive officer of Omnisure Group, announced the completion of the transaction […] [Read More]

On Wednesday, Black Book introduced its next generation ValuEngine platform with what the firm described as a new, easy-to-navigate web interface. Black Book reiterated ValuEngine is a real-time collateral valuation tool allowing automotive industry professionals, finance companies, OEMs and dealers the ability to value their entire portfolio through a secure, on-demand, self-service platform. With ValuEngine, Black Book […] [Read More]

As analysts discussed how commercial banks are viewing auto financing, they also spotted the largest sequential drop in the auto segment of the S&P/Experian Consumer Credit Default Indices in five years. S&P Dow Jones Indices and Experian released its latest default data on Tuesday and the information through April showed auto loan defaults decreased 10 […] [Read More]

Following an analysis of its online reviews, Cars.com released its latest list of U.S. consumers' both most reviewed and most highly reviewed vehicles on Wednesday. “Shopper reviews are a critical part of the car shopping process,” Cars.com data analyst David Greene said in a news release. “Cars are one of the largest investments anyone makes, and […] [Read More]

LotLinx has expanded its Facebook product suite to include LotLinx VS – Lead Enabled Remarketing, a newly created VIN-specific tool for Facebook users that leverages LotLinx proprietary technology to target high-quality shoppers. The company’s new product can allow dealers to both strategically target visitors to Vehicle Details Pages and remarket to shoppers interested in a specific VIN […] [Read More]