Typically, compact luxury crossovers/SUVs have retained their values well. In fact, a graph of Black Book data going back to January 2013 shows that 3-year-old vehicles in this segment have maintained retention above 54 percent in recent years, sometimes as high as roughly 63 percent. That is, until this autumn. According to Black Book’s latest […] [Read More]

This year, the Manheim Central Florida team launched the Digital Block sale, a bidding experience that uses enhanced imaging and digital tools during live auctions. “A few benefits of the digital block format are faster sales, enhanced imaging, and more importantly a feel of exclusivity,” Butch Herdegen, general manager of Manheim Central Florida, said in […] [Read More]

There is still time for buy-here, pay-here operators — especially ones who can easily travel to Dallas — to register for the training sessions the National Independent Automobile Dealers Association is organizing for its first BHPH Summit. The event is set for next Tuesday, Wednesday and Thursday at the Embassy Suites DFW Airport North. “It’s […] [Read More]

On Tuesday, AutoNation announced that the country music group Eli Young Band is scheduled to perform at its AutoNation Cure Bowl Tailgate Party and Concert, a benefit for breast cancer research. "We are pleased to join AutoNation in the fight against cancer,” said the Eli Young Band in a statement. “This disease hits close to […] [Read More]

On Tuesday, General Motors Financial announced the completion of a new addition to its Arlington Operations Center campus in Arlington, Texas, with a ribbon-cutting ceremony that featured remarks from state Sen. Brian Birdwell, state Rep. Chris Turner, city of Arlington mayor Jeff Williams and finance company president and chief executive officer Dan Berce. The company […] [Read More]

AutoCanada announced it purchased all of the operating assets of Ontario Limited, which manages Guelph Hyundai. "We are extremely pleased to welcome Guelph Hyundai into our Ontario dealer group. The dealership recently owned and operated by Graham Dennis has a long history in the Guelph community, serving their customers for decades,” said Steven Landry, AutoCanada […] [Read More]

In a forecast released Tuesday, TrueCar projects close to 2.86 million used-vehicle sales this month, which would be a 6.1-percent year-over-year slide. Last week, Edmunds.com called for roughly 2.8 million used-car sales in November, which would be down from 3.1 million in October. The seasonally adjusted annualized rate for used-car sales, however, is likely to […] [Read More]

Auction Management Solutions closed out the month by announcing that the firm has partnered with All Valley Dealer Auto Auction in North Hollywood, Calif., for business development consulting. Tom Stewart and Richard Curtis of AMS now have relationships with 13 total auction locations; a collection that also includes: — Columbus Fair Auto Auction — Greater […] [Read More]

It’s Election Day, but that isn’t exactly why Bill Zadeits is busy on this particular Tuesday. There are neat stacks of documents on the round table in his office — all cookie-crumbs of preparation as the Auto Remarketing publisher readies himself for another Used Car Week, just six days away. It’s the magazine’s signature event, and […] [Read More]

MetroGistics announced on Monday the promotion of Craig Clayton, who now serves as vice president of information technology. “Even though we’re in the transportation and logistics industry, innovation is at the heart of our operations,” said William Billiter, co-founder and managing partner of MetroGistics. “Craig has done a great job keeping us at the leading edge […] [Read More]