After being acquired by KAR Auction Services last June, Autoniq found a new vice president within the KAR family. Nicole Archer, the director of strategic projects at ADESA, will now be the VP of Autoniq, the company announced Monday. She will be in charge of expanding awareness of the company’s web service and smartphone application, […] [Read More]

Used-vehicle leasing may be having a moment. According to a recent survey by Swapalease.com, 78.7 percent of drivers would consider leasing a used car or truck, and 74 percent of dealers indicated that used lease offers may help or definitely would help move the influx of leases coming back onto their lots. A majority of drivers (75 […] [Read More]

Recall Masters has launched a Rental Car Fleet Monitoring Service that provides daily alerts about vehicle recalls. SMART Reports help rental car agencies speed up the identification and prioritization of grounding and repairing any recalled vehicles, minimizing downtime and maximizing consumer safety. According to Christopher Miller, president of Recall Masters, car rental agencies are increasingly […] [Read More]

Successful chief executive officers often emphasize that their companies are only as successful as the quality and dedication of their managers and other crucial personnel. In an effort to highlight the critical team members who are helping finance companies, dealerships and other service providers flourish as well as those professionals who are making an impact […] [Read More]

Asbury Automotive Group has opened a Q auto store in Holiday, Fla. The latest used-car standalone store was announced Friday and is the second facility in the Tampa market. There is an existing Q auto store in Brandon, Fla. Asbury also has a Q auto location in Fort Myers, Fla. Casey Coffey, president of Q auto, […] [Read More]

When CarGurus launched its Deal Ratings Badges program that lets dealers display vehicle price endorsements from CarGurus on their own websites, the company shared an interesting statistic about third-party market-value verification and car-shopping. Seventy-eight percent of 2,000 in-market car shoppers surveyed by CarGurus said they would not make a used-car purchase until they view independent, […] [Read More]

A conference call to discuss Copart's recently released third-quarter results revealed increases in both earnings and vehicle volume. For the three months ended April 30, revenue, gross margin and net income were $347.2 million, $157.6 million, and $74.0 million, respectively. These represent an increase in revenue of $50.1 million, or 16.9 percent; an increase in […] [Read More]

Once an SUV owner, always an SUV owner? Maybe not quite. But a recent study by business information provider IHS Automotive revealed that 63 percent of SUV/CUV owners who returned to the market for a new vehicle during the first quarter of 2016 purchased another SUV or CUV. The figures were pulled from an analysis […] [Read More]

Not to ruin the holiday weekend for used-car managers or auction personnel, but Auto Remarketing collected announcements from automakers and the National Highway Traffic Safety Administration this week indicating the specific Takata airbag recalls for more than 8 million units in the U.S. Recall campaigns include vehicles from Honda, Chrysler, Toyota, Mazda, Nissan, Subaru, Mitsubishi […] [Read More]

Two developments on the Consumer Financial Protection Bureau front arose this week. First, the CFPB shared its monthly complaint database update. Then, another U.S. House committee took a swing a changing how the bureau operates. For its May update, the CFPB drilled deeper into complaints that often involve both finance companies and buy-here, pay-here dealerships: […] [Read More]