Following an apparently strong first quarter in the used-vehicle retail market, Edmunds is forecasting that there will be 3.6 million pre-owned car sales this month. That’s up from 3.4 million in March. The used-car SAAR for both months is 38.4 million, Edmunds said. According to analysis from Cox Automotive that cited NADA, used-car sales climbed […] [Read More]

Jumpstart Automotive Media discovered a 6-percent uptick in shopping for used cars across its portfolio of sites during the first quarter, which it attributes to a rise in shoppers looking for used luxury vehicles, in particular. Used luxury shopping is up 11 percent year-over-year, while down 3 percent for new, according to Jumpstart’s latest quarterly report, […] [Read More]

Cox Enterprises, parent company to Cox Automotive, announced that Alexander Taylor will succeed John Dyer as president and chief executive officer on Jan. 1. Taylor, who is currently executive vice president and chief operating officer of Cox Enterprises, oversees the Cox Communications, Cox Automotive and Cox Media Group branches and the company’s long-term growth and […] [Read More]

Cherokee Media Group, publishers of Auto Remarketing and other auto industry trade publications, has launched the Auto Remarketing Podcast. This weekly dose of auto industry news and conversation will go deeper into the stories you read in our print and daily online publications. Episodes will be hosted by Auto Remarketing senior editor Joe Overby and/or […] [Read More]

Auction Academy recently announced that its fifth class group has completed its first two sessions of the year, following two days of training, a seminar on selling vehicles online, and two field trips, The continuing education program for auto auction industry professionals welcomed its newest class group for its first day of training on April 6 […] [Read More]

In celebration of Earth Month, Manheim announced the following three sustainability goals for the year: offsetting carbon emissions by 3,000 tons at its facilities, saving 2.5 million gallons of water and achieving zero waste to landfill at one site. “Conservation is a big part of Manheim’s culture, fueled by the ongoing commitment to sustainability that […] [Read More]

Penske Automotive Group posted a used-vehicle performance lift during the first quarter thanks in part to the addition of U.S.-based CarSense and U.K.-based CarShop, both of which are stand-alone specialty retailers of used vehicles. During Q1, Penske reported these used-vehicle dealerships retailed 8,200 units, generating $143.1 million in revenue and $24.6 million in gross profit. […] [Read More]

Millennium Capital and Recovery Corp. recently named Robert Burleson as the company’s California operations manager. Burleson will head up Millennium’s California operations, including service to existing clients and other consumer lenders, as well as agent relations, and expertise in Millennium’s powersports and specialty recovery segment of its business. Burleson was operator of Chino, Calif.-based U.S. […] [Read More]

F&I Express insisted the F&I product cancellation process currently lacks standardization, automation, transparency and efficiency. F&I Express continued by stating these challenges not only have a negative impact on the day-to-day operations of a product provider or finance company, but also impact their ability to remain compliant with state and federal regulators. To help the […] [Read More]

Hudson Cook associate Anastasia Caton observed last week’s oral arguments during a crucial debt collection case in front of the Supreme Court that might make third-party efforts within auto finance significantly more difficult depending which way the nine justices rule. To recap, the nation’s highest court will decide whether a company that regularly attempts to […] [Read More]