While circling back as to how current wholesale price levels might impact movements during the second half of the year, Cox Automotive chief economist Tom Webb acknowledged scores of vehicles currently are sitting at auction because they have an open recall and cannot be sold. The situation might become even more obvious depending on how […] [Read More]

Columbus Fair Auto Auction announced that it has created its own compliance department, citing the need to designate resources to safety, environmental and other important regulatory issues. “We’ve recognized the need for a centralized approach for our compliance efforts and feel that we are in turn being progressive for auctions of our size,” Greg Levi, […] [Read More]

Otolane, an online used-car trading platform for North American dealers and wholesalers, has entered an exclusive partnership with Le Parking that will bring the Europe-based used-car listing data mining platform to the U.S. and Canadian pre-owned car markets. Through the partnership, Otolane users will have access to analytics and data from Le Parking designed to […] [Read More]

On Monday, Holman Automotive said it has completed its acquisition of Kuni Automotive. As they did when the transaction was first announced back in April, Holman officials said the terms of the deal will not be disclosed. The Kuni Automotive dealerships located in Washington, Oregon, California, Colorado and Kansas that were acquired will now operate as “Kuni […] [Read More]

The average price of a used vehicle for model years 2011-2015 fell by 1.7 percent during June, following 0.5 percent depreciation in May — typical of seasonal patterns, according to Black Book. Cars in June saw noticeably higher depreciation (2.2 percent) than trucks, which saw 1.3-percent depreciation for the month. All vehicles are averaging a […] [Read More]

Auto financing metrics within the American Bankers Association’s latest Consumer Credit Delinquency Bulletin showed mixed movement in the first quarter as the overall reading prompted the assessment that consumers continued to manage their finances responsibly. Delinquencies settled lower in seven of the 11 individual loan categories compared to the previous quarter, according to the ABA […] [Read More]

Continuing a string of developments that have included a new client and an integration with another industry service provider, loan origination system (LOS) provider defi SOLUTIONS recently announced that the company will be expanding its product offerings to include a full-service analytics and reporting platform. Stephanie Alsbrooks, chief executive officer and founder of defi SOLUTIONS, […] [Read More]

Providing the online car shopper with strong photos and a positive digital experience. A seven-day return policy, a 100-day warranty built into the price of the car and the option for an extended warranty. These are all things Carvana has found helpful in calming nerves and increasing confidence in the online car buyer. But don’t underestimate the power […] [Read More]

If you have your heart set on buying an American-made car, you may want to consider where in America you are. A recent analysis by Carjojo revealed that Texas leads the country in American-car selection, while Michigan is tops in American-made inventory per resident. Carjojo used data from American University’s recently released 2016 Kogod Made […] [Read More]

After rising every month in the second quarter, Manheim said on Friday that wholesale prices are now at their highest level in more than four years. Wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased for the third consecutive month in June, resulting in a Manheim Index reading of 126.2. Manheim […] [Read More]