ALG announced winners of its eighth annual Canadian Residual Value Awards on Wednesday with Subaru and Land Rover taking top honors for mainstream brand and premium brand, respectively. Analysts highlighted that Subaru repeated as the top-ranking marque among mainstream brands, claiming a total of three segment awards. The haul included the Subaru Outback, a perennial […] [Read More]

Shift Technologies has officially expanded and brought its services to consumers in the nation’s capital. The peer-to-peer online car marketplace announced Wednesday morning that its first East Coast hub has opened in Washington, D.C. The company said this move marks the beginning of its cross-country growth plans. It is also the first time greater D.C. residents […] [Read More]

Instamotor co-founder and former car salesman Val Gui had just about every job imaginable during his dealership days. “I sold cars on the floor, I did financing, I opened up new stores for the company, (business) development, and basically every job,”  Gui said. After his work with Victory Automotive Group, one of the biggest takeaways […] [Read More]

Although the automaker recently announced it was transitioning Scion to the Toyota brand and winding down production for its nameplate aimed at a younger demographic — in part because of underperformance — according to data analyzed by Swapalease.com, Scion vehicles have showed a better performance than some Toyota cars. At least in the lease-takeover space. […] [Read More]

The way Bruce Thompson sees it, the process of auto retailing hasn’t changed tremendously in the past 50 years, albeit one big exception: the Internet. But even within that massive change, there are some gaps the industry is still trying to fill. Put it this way: You can go on Amazon and buy just about […] [Read More]

With gas prices low, and many consumers turning toward larger vehicles, the compact and subcompact segments suffered some pretty significant depreciation in 2015. But as we approach tax season, the early spring period is bringing with it a strengthening in values for many of these segments. According to the latest Black Book Market Insights report, […] [Read More]

Most of the off-lease volume that makes its way to Asbury Automotive Group stores this year will end up as certified pre-owned vehicle inventory. “They’ll come mainly over a six-month period, and we look at that as an opportunity for us,” Asbury chief operating officer David Hult said during the retailer’s earnings conference call last week. […] [Read More]

CarStory’s parent company and data-as-a-service platform, Vast, announced Tuesday that it has received a $14 million investment from Capital One Growth Ventures. The aim of Vast’s data services is to connect buyers and sellers of cars and homes through data-driven discovery experiences. CarStory.com uses Vast’s data platform to match shoppers with vehicles. With the investment […] [Read More]

A new survey from TransUnion again emphasized the value of accurate information available to collectors as a pathway to improve skip-tracing success. Officials found that more than nine in 10 collectors — 95.2 percent to be exact — have improved their right party contact rate since using online databases and sophisticated technology. TransUnion also determined […] [Read More]

Consolidated Asset Recovery Systems (CARS) is hosting a free, one-hour webinar aimed at answering common questions about the purpose and importance of service level agreements (SLA). Garrett Cline, CARS’ director of sales for the Eastern U.S., will lead the session that’s scheduled to begin at 3 p.m. ET on Feb. 16. Cline intends to cover: […] [Read More]