Depreciation slowed a bit last week for both cars and trucks. According to Black Book’s weekly Market Insights report, overall car values (volume weighted) decreased by 0.53 percent, which was lower than the average rate of 0.75 percent seen in the previous four weeks. Overall trucks values, also volume weighted, decreased by 0.58 percent last […] [Read More]

AutoTec announced on Tuesday that Vehicle Acceptance Corp. (VAC) is now integrated with the AuctionACCESS floor plan platform. This integration will enable VAC to automate the transmission of updated credit availability and flooring request messages at AuctionACCESS subscribing auctions. VAC insisted that the finance company believes in giving independent and buy-here, pay-here dealers choices. As […] [Read More]

On Tuesday, Autotrader shared its favorite certified pre-owned November special deals and offers available to shoppers through the end of the month. "Holiday shopping can put a pinch on budgets, and the potential problems associated with used vehicles can make shoppers wary," said Brian Moody, executive editor at Autotrader. "That's where certified pre-owned cars and […] [Read More]

There have been some big changes to the digital marketing landscape — ones that certainly impact dealers, says Kerri Wise, TrueCar's vice president of dealer marketing. “We're in the era of the empowered consumer,” Wise said in a phone interview with Auto Remarketing. “And I think the consumer is really what's changing. “They have a […] [Read More]

A retired farmer and auctioneer who is a champion for America’s Wounded Heroes raised $15,706 toward the cause during GAA Classic Cars’ recent three-day sale. Ivan Stoltzfus is travelling across the U.S. on a 1948 John Deer Model A with the goal of raising $1 million to benefit veterans’ organizations that support physical and mental […] [Read More]

While still making healthy gains in consolidated net income, Credit Acceptance chief executive officer Brett Roberts pointed to data the subprime finance company shared as part of its third-quarter financial statement to explain how competitive the market is to grow its portfolio with contracts that will mature and be profitable. When looking at Q3 figures, […] [Read More]

PureCars has been named a Kia Certified Digital Advertising Partner by KiaMotors. The partnership will make PureCars’ digital advertising solutions available to Kia dealers across the U.S. Kia’s Certified Digital Advertising Program allows dealers to use paid search and online advertising from certified providers to drive incremental local traffic to their respective websites. Now, Kia […] [Read More]

More of the consignment at ADESA has moved toward the commercial side, and that has led to an increase in the revenue that company generates from each unit — whether that car is being sold online or in the auction lane. That’s according to comments made by Jim Hallett, chief executive officer of parent company KAR […] [Read More]

Perhaps just when Volkswagen dealers thought happier customers might be arriving at their service drive and showrooms, OEM officials in Wolfsburg, Germany acknowledged that investigators in that country are conducting a new probe involving Hans Dieter Pötsch, the chair of VW’s supervisory board. The subject of the investigation is alleged market manipulation, according to VW’s […] [Read More]

Cox Automotive chief economist Tom Webb reiterated many of the foundational blocks of how the Manheim Used Vehicle Value Index is constructed when explaining why the October reading came in the way it did. Manheim indicated wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) dipped 0.7 percent in October, while non-seasonally […] [Read More]