Joe Lamphier, vice president of sales and marketing for Crown Automotive Group, said he will be participating in Cut for a Cure to benefit the National Pediatric Cancer Foundation. Cut for a Cure is the National Pediatric Cancer Foundation’s annual campaign to raise money and awareness for pediatric cancer. Individuals who participate in the campaign […] [Read More]

While Black Book noticed that the 12-month annual depreciation shows the gap between cars and trucks is narrowing, the Manheim Used Vehicle Value Index made a slight upward turn in April after starting the year with three consecutive monthly declines.  Manheim determined that wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) […] [Read More]

The percentage of TrueCar’s business comprised by used cars is up. And that’s no accident. Nor is it simply a market function. “If you look at our business over the past couple of years, you’ve seen used cars grow every quarter,” TrueCar president and chief executive officer Chip Perry said during the company’s quarterly conference […] [Read More]

Northern California auto dealers are meeting in a new, high-tech venue for weekly United Vehicle Auction events: the UVA Center at ADESA Brasher’s in Sacramento. In a news release announcing this week’s grand opening, John Brasher, general manager at ADESA Brasher’s, described it as a “high-octane event” that set a new standard for weekly auctions. […] [Read More]

Three large industry organizations — the American Financial Services Association, the American Bankers Association and the Consumer Bankers Association — all found similar issues with the proposed rule governing arbitration released on Thursday by the Consumer Financial Protection Bureau. As AFSA said it anticipated, the proposed rule bans the use of class-action waivers in consumer […] [Read More]

Coinciding with the recent hiring of a former executive at Hyundai and Nissan as vice president of product development, EFG Companies highlighted this week that it is the only F&I product provider to be named to the BenchmarkPortal Top 100 call centers for 2016. EFG Companies also was ranked in the Top 25 quartile for call centers […] [Read More]

Hyundai and Lexus took top honors in the non-luxury and luxury categories, respectively, during Autotrader’s recent analysis of the best certified pre-owned vehicle programs. While manufacturers tend to offer a range of perks with CPOs, Autotrader opted to focus on warranty coverage. “The No. 1 benefit of any CPO program is the warranty, so we […] [Read More]

TradeRev has crossed the pond. The company announced a new pilot program in the United Kingdom with the Arval UK division of Arval Group. The latter is an international specialist in full-service auto leasing.  “Arval is a widely recognized and respected global brand based in Europe, and our partnership with their UK team presents a […] [Read More]

With the discounted room block at the Wynn in Las Vegas set to expire on Sunday, Ken Shilson highlighted 10 reasons to attend the National Conference for BHPH hosted by the National Alliance of Buy-Here, Pay-Here Dealers. Shilson, NABD’s president and founder, shared this list with BHPH Report on Thursday — less than three weeks before […] [Read More]

In April, Subaru Canada more than doubled its certified pre-owned sales total from a year ago, continuing what have been rapidly improving sales in 2016. Through four months, it has sold 613 CPO vehicles, compared to 241 in the same period of 2015. April sales were up 206.5 percent, with 192 certified cars sold during […] [Read More]