eBay Motors and its Business and Industrial division have announced a move aimed at increasing buyer confidence. As such, the company is doubling its coverage protection up to $100,000 on its Vehicle Purchase Protection (VPP) and Business Equipment Purchase Protection (BEEP) programs, applicable to purchases after Sept. 1. “At eBay, nothing is more important than trust. Without […] [Read More]

Along with looking at last week’s movements, the Black Book Market Insights report also examined what happened this past quarter. Editors noticed overall depreciation in trucks performed better than cars. Black Book reported that full-size pickups represented the best-performing segment in the third quarter with 3 percent quarterly depreciation. Conversely, editors pointed out the sub-compact […] [Read More]

When the calendar rolled past the close of the third quarter this past Friday, certified pre-owned sales reached the second-highest quarterly figure ever. Autodata Corp. reported on Tuesday that Q3 CPO sales came in at 675,725 units, representing a 3.4-percent lift year-over-year. Looking at the quarterly data from a sequential viewpoint, Q3 marked just a […] [Read More]

The mid-2000s: George W. Bush was early in his second term as U.S. president. The iPhone had yet to be released. The Boston Red Sox had just reversed an 86-year curse. And the way folks shopped for and bought cars was vastly different. The retail market has since been flipped on its axis and the […] [Read More]

In their most recent Perspective report, NADA Used Car Guide analysts detailed the value performance of used 2013 model-year passenger cars and light-duty trucks. Turns out, the top-performing vehicle isn’t even manufactured by that automaker any longer, but the unit still rose to the top of NADA Used Car Guide’s rankings for the second year […] [Read More]

The psyche of each generation can be impacted by technological innovations or limitations, geo-political events and the social and cultural climate of the day. The post-World War II growth impacted the baby boomer generation, just as the digital revolution impacts millennials. “We are somewhat a product of our society,” DealerSocket sales director Todd White said […] [Read More]

A recent study found that a bigger car could be the key to a better family driving experience. CarGurus’ Family Driving Survey found that parents who drive multiple children around in sedans are less satisfied with their vehicles than those driving minivans and SUVs. Twenty-one percent of sedan owners said their car does not meet […] [Read More]

Ken Shilson called it one of the “most significant accounting changes buy-here, pay-here operators will ever encounter.” The founder of the National Alliance of Buy-Here, Pay-Here Dealers referenced how the American Institute of Certified Public Accountants passed new credit loss measurement standards that require operators to estimate future anticipated losses on their receivables. In light of […] [Read More]

Along with adjustments of its top management, White Clarke Group announced on Tuesday that Five Arrows Principal Investments — the corporate private equity business of Rothschild & Co. — made what is being described as a “significant equity investment” in the global provider of specialist technology and software solutions to the automotive, asset and consumer […] [Read More]

In an effort to minimize data security risks, AutoAlert has earned certification in the Reynolds Certified Interface (RCI) program.  This certification aims to ensure the safe, secure and reliable transfer of data from a Reynolds and Reynolds dealership management system (DMS) to AutoAlert’s suite of products. “RCI certification fits with AutoAlert’s long-term strategic plan, and […] [Read More]