Enterprise Holdings announced its newest five-year goals for its businesses on Monday, included in its fiscal year 2015 sustainability report. Within the report, titled The Business of Sustainability, the operators of well-known companies such as Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car built on their last five years of sustainability results and […] [Read More]

The battle between supply and demand is nothing new to dealers — and as we head further into the forecasted growth in used-vehicle supply, wholesale price softening is to be expected. The latter is the message from ADESA Analytical Services’ executive vice president and chief economist Tom Kontos in the December edition of Kontos Kommentary, […] [Read More]

Vehicle sharing programs are gaining popularity these days, and now the Blue Oval is joining the pack. Through the new Ford Motor Credit Co. leasing pilot program, families and small groups of friends and neighbors can now share a Ford vehicle, the automaker announced Monday. Ford Credit Link — which is being piloted for Ford Credit […] [Read More]

In this video interview at Used Car Week in mid-November, Auto Remarketing talks with Black Book’s Jared Kalfus about how his company has partnered with companies that are on the cutting-edge of online strategy in the car business, including dealer groups. Kalfus, who is senior vice president of sales at Black Book, talks about the […] [Read More]

Looking at the most recent data available, 2015 was a strong year for residuals in Canada. According to the RVI Group’s RVI Risk Outlook for December, the strong U.S. dollar helped maintain those high residual values in Canada through the end of November, with real used-car prices, after adjusting for MSRP, up 4.9 percent over […] [Read More]

NADA Used Car Guide today announced the launch of NADA Values Online. The NADA Values Online product, formerly known as NADA online, offers additional features and as well as new pricing guidance. "The replacement of NADA Online with the NADA Values Online product means our business-to-business customers will have powerful new features that make the […] [Read More]

Consolidated Asset Recovery Systems has been bought by Austin, Texas-based private equity firm Greenridge Investment Partners. The company said in the news release announcing the deal that its senior management team, including co-founders Steve Norwood and Terry Groves, will stay on board and retain a 20-percent stake in the new company. The investment by Greenridge replaces […] [Read More]

Everyone who has been in the car sales business since the dawn of the Internet age will probably agree that, well, things are a lot different than they used to be. Customers are more informed. There are a lot more ways to sell a vehicle. But as the old adage goes, as things change, many stay […] [Read More]

At the close of the third quarter, our nation’s seven publicly traded dealer groups collectively averaged their 25th consecutive quarter of same-store used unit sales increases. Cox Automotive’s chief economist Tom Webb, speaking during the Manheim Index Quarterly Conference Call on Friday, says a 26th is probable, but will be a challenge to achieve. “Slide 14 shows […] [Read More]

The past four years have been the “longest stretch of wholesale price stability” in the two-decade history of the Manheim Used Vehicle Value Index, Cox Automotive chief economist Tom Webb said in his quarterly conference call Friday morning. “And that’s a good thing, because precious few in this industry benefit from volatility in used-vehicle pricing,” […] [Read More]