Imagine you’re a car shopper. Like many of your peers these days, you’re doing most of the car-shopping process — researching the vehicle, comparing prices, reading dealer reviews, checking out history reports, etc. — on your smartphone. You spot a dealership you want to look up. Which of the two URLs is going to be […] [Read More]

Change has been good for auction owner Wade Walker and his wholesale operation along the Gulf Coast. With a new name and a new general manager at the helm, the Walker Group’s Corpus Christi Auto Auction has recorded steady increases in consignment and sales since the beginning of the year. When 2016 began, Walker named […] [Read More]

Along with offering more details about complaints originating in California, the Consumer Financial Protection Bureau released its latest monthly consumer complaint snapshot this week as the overall total continued to march toward 900,000. As of April 1, the CFPB said it has handled approximately 859,900 complaints across all products.  The bureau mentioned four other trends […] [Read More]

SpringboardAuto.com rolled out its private-party transaction financing availability this week. With the company indicating more states in its network will be added soon, the online platform is now originating financing for buyers in Arizona, California, and Florida. SpringboardAuto.com chief executive officer Jim Landy highlighted that it usually takes less than a minute to complete the […] [Read More]

Reinforcing its commitment to bring the remarketing industry together, AutoIMS on Thursday announced an expansion of its client services team through the hiring of an industry veteran and the naming of a new vice president. Joining the AutoIMS staff as Director of Client Support after 20 years of service leadership most recently with AutoVIN and […] [Read More]

While multiple forecasts have new-vehicle sales gaining significant or perhaps record-setting steam in April, the projection for used-vehicle sales to be generated during the fourth month of 2016 contains a year-over-year decline of nearly 4 percent. TrueCar indicated that its used-vehicle forecast for total sales — including turns at franchised and independent dealerships as well […] [Read More]

Manheim declared on Thursday that wholesale inventory management just became a whole lot more convenient with a pair of enhancement to its digital offerings. With the introduction of OVE Text Notifications, dealers can fully negotiate transactions via text. Buyers and sellers are now able to accept, decline or counter an offer by text message, in […] [Read More]

One of the hot topics at the 2016 NADA Convention was the much debated subprime bubble in relation to rising delinquency rates. Again, industry experts worked to calm everyone’s nerves about Fitch Ratings’ latest report, which brought to everyone’s attention that as of February, 60-day delinquencies had risen to 5.16 percent, the highest rate since […] [Read More]

ADESA said Wednesday it has named Jason Ferreri executive vice president of online services in the U.S. Ferreri has been with the company since 2004 and his most recent role was as senior vice president of commercial sales for ADESA. In the new position, he will report to ADESA president and chief executive officer Stéphane […] [Read More]

Despite some slight surges in pricing last week, Black Book shared new data this week that shows additional truck segments may be feeling more pricing pressure, resulting in many trucks holding their values less than they have in previous years. Year to date, Black Book indicated all truck segments have performed worse in comparison to […] [Read More]