Softening car prices continued to be the talk among Black Book’s editors; so much that they dedicated much of this week’s Black Book Market Insights report to take a comparative look at how car segments have performed year-to-date in 2016 versus the same period last year. According to Black Book data and analysis, all car […] [Read More]

Copart, an online vehicle auction company with more than 150 locations throughout the U.S., has opened a site in Colorado Springs. The 20-acre venue, the company’s second in Colorado, will hold its first auction Wednesday featuring 430 vehicles. "We are excited to announce the opening of our second location in Colorado to help us accommodate […] [Read More]

Sloan and Tyler are sitting with the salesperson at the dealership contemplating whether to buy that 2012 Scion. While Tyler is ready to agree to the terms, Sloan is worried about what’ll happen if the vehicle breaks down suddenly and she is stuck on the side of the highway. They both work and are making […] [Read More]

Commercial bankruptcy filings made another swift upward rise in April. The American Bankruptcy Institute reported that total U.S. commercial bankruptcy filings increased 32 percent year-over-year last month. According to data provided by Epiq Systems, commercial filings totaled 3,482 in April, up from 2,641 registered in April of last year. Officials pointed out that April marked […] [Read More]

ADESA’s recent footprint growth in the Sunshine State is now finalized. The business unit of KAR Auction Services announced on Tuesday that it has successfully completed the acquisition of Sanford Auto Dealers Exchange (SADE) in Sanford, Fla. This location expands the ADESA’s presence in the Florida market and joins four other ADESA auctions in the […] [Read More]

Manheim on Tuesday announced it is teaming up with Alliance Inspection Management to enhance its vehicle inspection capabilities at auction sites and dealerships throughout the U.S. More than ever, dealers are relying on inspection reports to aid the sales process and make buying decisions. Last year, Manheim conducted 3.5 million vehicle inspections, and the company […] [Read More]

Tony Hughes and Michael Vogan of Moody’s Analytics proposed what some finance company executives might consider an outside-the-box idea to help their customers who are stretching contract terms as long as possible in order to keep monthly payments affordable and then running into costly vehicle repairs. Hughes and Vogan discussed their plan within a white […] [Read More]

The XLerate Group announced Monday afternoon that it has purchased the Grand Rapids Auto Auction. “With the addition of GRAA, XLerate continues to execute on its plan to grow our business and its service offering by acquiring quality independent sales.  GRAA is highly respected and will be a phenomenal complement to XLerate’s Greater Kalamazoo Auto […] [Read More]

Dealertrack announced on Monday that its Online Registration System solution has received the exclusive endorsement of the Automotive Dealers Association of Indiana (ADAI).  Dealertrack’s automated solution can allow a dealer to process title and registration transactions at the dealership in real-time, boosting efficiency and increasing client satisfaction. The ADAI is recommending the Dealertrack product as […] [Read More]

Your customer has either paid or is still paying for his or her vehicle, but now has to think about the cost of repairing it. With pothole season upon us — and the threat of damage to a number of a car’s systems should you happen to meet up with one — the RepairPal Institute has compiled lists […] [Read More]