Used-car sales should exceed 2.78 million units this month, but they are likely to fall short of January 2015 levels by 6.8 percent, TrueCar said in an analysis on Tuesday. On the new-car side, the company is projecting 1.15 million sales for the month, a figure that includes fleet sales. This would be down 0.3 […] [Read More]

Though many expect used prices to drop as off-lease supply expands in the auctions lanes this year, used-car prices were still on the way up in December. The most recent Market Update from RVI Group shows that the company’s Used Vehicle Price Index jumped up by 0.7 percent in December when compared to November prices. […] [Read More]

Depreciation in the lanes is slowing down as tax season gets underway. Last week, car prices dropped by an average of 0.29 percent or $30 in the auction lanes, while trucks dropped by a larger 0.39 percent or $59. That’s according to the latest Black Book Market Insights report that highlighted the slowdown in price […] [Read More]

Total Dealer Compliance launched its platform on Tuesday with four offerings billed as a comprehensive solution that can help dealerships mitigate risk faced from proactive regulators and create a compliance culture that can reduce exposure. The solution includes on-site compliance audits and an E-Learning platform offering more than 20 online courses.  Dealership staff completing courses and […] [Read More]

Ford Motor Co. announced Tuesday that all Ford Rangers from model years 2004 to 2006 are now recalled for potentially faulty driver-side airbag inflators. This follows news of an estimated 5-million-vehicle expansion of the series of Takata airbag inflator recalls revealed Friday Ford's action affects a total of 391,394 Rangers, 361,692 of which are in the United States and its territories […] [Read More]

There were 2.55 million certified pre-owned vehicles sold in the U.S during 2015, according to Autodata Corp. Full disclosure: Two of them will be parked in front of my home this evening. I won’t tell you their brands or which dealerships they were purchased from, but I will tell you the biggest selling point for […] [Read More]

Intellaegis president John Lewis cautioned the repossession industry about a new law that went into effect at the beginning of the year in California regarding the use of data collected by using license plate recognition technology. Lewis explained the new law in the Golden State — one that could be coming elsewhere — requires any […] [Read More]

Consumers, creditors and the economy as a whole benefit from the existence of the professional debt collection industry, according to the newest white paper from ACA International. Organization officials highlighted the white paper titled, “The Role of Third-Party Debt Collection in the U.S. Economy,” explores the industry’s role in the U.S. economy, focusing on how […] [Read More]

A variety of factors made this December the ideal time to launch a certified pre-owned program for Canada’s Mitsubishi Motors. That’s according to the new program’s management. Charles Plewes, lease manager at Mitsubishi Motor Sales of Canada Inc., told Auto Remarketing Canada, “Our dealers are good used-car dealers, but all dealers can use additional tools.” […] [Read More]

The man behind Sonic Automotive and Speedway Motorsports, O. Bruton Smith, was inducted into the NASCAR Hall of Fame on Saturday, recognized for his decades of dedication to the motorsports world. Smith is currently the executive chairman and director at Sonic Automotive, based in Charlotte, N.C. He founded Speedway Motorsports Inc. (SMI) in 1994, which […] [Read More]