Last week in the lanes brought continued strength in the majority of the car segments, save for one: the subcompact cars. And among the trucks, the full-size pickups experienced some softness this past week. Although the subcompact car segment had been recovering a bit from 2015 lows, it experienced a significant price decline last week, […] [Read More]

Organizers for this year’s North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association and Harding Brooks Insurance, recently announced that all exhibitor spots for its eighth annual event are sold. The organizations indicated the high interest of exhibitors combined with record-high numbers of early bird registrants is setting up NARS 2016 […] [Read More]

“Why should I buy this vehicle with a CPO warranty over, say, anything else?” If you’re a dealer on a franchised lot, you've most likely faced that question. As part of Auto Remarketing’s annual “Best CPO Dealers in the United States” special edition, we connected with some of the top-selling franchised dealers in the CPO space, to […] [Read More]

Sonic Automotive established nine new quarterly or annual performance records, and the dealer group’s used-vehicle department led the way. According to Sonic’s latest financial statement released on Tuesday, the company retailed 6.4 percent more used vehicles in 2015 than it did a year earlier, turning 117,123 units. That figure included the metal moved at its […] [Read More]

When FIAT Chrysler Automobiles shared its top 10 certified pre-owned dealerships for 2015, we noticed something interesting: Three of the top five stores were in Phoenix. Bill Luke Chrysler Jeep & Dodge topped the list with 2,252 CPO sales last year, Airpark Dodge Chrysler Jeep was fourth with 1,041 CPO sales and AutoNation Chrysler Dodge […] [Read More]

Manheim will be opening its third location in Ohio early next month, the auction company said Tuesday morning. Manheim Cleveland will hold its first sale on March 2 at 9:30 a.m. It is located at 4720 Brookpark Road in Cleveland. The auction previously at this location was a former independent known as Brookpark Auction that operated […] [Read More]

There’s a term that Tom Kontos had for January’s wholesale market that he doesn’t often get to chance to use. And hey, let’s admit it, the word is actually kind of fun to say. “Bifurcated.” For those without Dictionary.com saved on your browser, the adjective form of the word means “divided into two branches,” according […] [Read More]

AutoPoint released its new mobile technology service drive solution for dealers today, called WelcomePoint, aimed at enhancing the greeting and write-up process. Acknowledging the service drive as a primary area to enhance customers’ experiences and encourage return business and sustain profitability, WelcomePoint aims to personalize the service process through customer engagement as well as by […] [Read More]

Along with an increased authorization for buying back company stock, AutoNation appointed a new member to its board of directors who spent part of her career at both Ford and General Motors. Serving as an independent director on AutoNation's board as of this past Friday is Karen Francis, who now is executive chairman of AcademixDirect, […] [Read More]

Quebec law firm Lex Group Inc. announced Monday it has gained authorization to move forward with a data breach class action dealing with the loss of personal information of customers who in March 2008 leased a Chrysler, Dodge or Jeep vehicle from DaimlerChrysler Financial Services Canada Inc., now known as TD Auto Finance Services Inc. […] [Read More]