Wholesale value declines last week continued to be strong, as seasonality takes its toll on the lanes. According to the latest Black Book Market Insights report, wholesale prices for cars fell by 0.72 percent or $78 last week, while the trucks took an average hit of 0.44 percent or $68. These are much higher declines than […] [Read More]

Land Rover and Subaru took the podium for overall brands recognized by ALG’s 2016 Residual Value Awards, which annually honor the brands and individual models with the highest retained value. Land Rover was recognized for the second consecutive year as the premium brand with the best overall residual values, while Subaru was acknowledged for the same […] [Read More]

Manheim announced Tuesday it has chosen a vice president of product management to help deliver a better experience for its clients. Promoted to the role is Stephen Smith, who will now help guide the development of strategic products services. “Stephen’s wholesale and retail marketing expertise, coupled with his knowledge of understanding the challenges clients face […] [Read More]

Penske Automotive announced Tuesday it has added four new franchises to its lineup. The dealer group has acquired Audi Eatontown, Porsche Monmouth, Jaguar Monmouth and Land Rover Monmouth, which are all located in Monmouth County, N.J. Penske management pointed out this is one of the wealthiest counties in the U.S.   Penske purchased the franchises […] [Read More]

Consolidated Asset Recovery Systems’ fourth appearance on the Triangle Business Journal’s annual Fast 50 list is also its first time coming in at No. 1, representing the top of the top of the fastest-growing private companies in the Raleigh-Durham area. The company was founded by two software supply chain experts, Steven Norwood and Terry Groves, […] [Read More]

The analysts at Edmunds.com set out explore an interesting question. Since there are a variety of vehicles named after geographical locations – examples being the Toyota Tacoma, Hyundai Tucson, Chevrolet Colorado, etc. – are any of these vehicles actually popular in the areas they’re named after? Picking through Polk’s registration data – the answer to […] [Read More]

DRIVIN, a data-driven service designed to help dealers source used vehicles — announced Monday it has expanded into Florida. And this might be the first release of many, as DRIVIN management said the growth into Florida is “the first step in a bigger national rollout plan for 2016.” The company also reported it has chosen […] [Read More]

As auction values continue to drop, dealers are also paying less for trade-ins that come into their dealerships. According to the November edition of the NADA Official Used Car Guide, trade-in values dropped by 2.8 percent relative to October. While car values fell by 3.2 percent, trucks saw a 2.2 percent decline. This trend mirrors […] [Read More]

Computers and TVs and – cars? Oh my! Black Friday discounts hit the hardest on customer savings for big-ticket purchases, and a new vehicle is possibly the biggest. For some manufacturers those savings are coming early. TrueCar has highlighted today several manufacturers who have made the push early in the month to get metal moving, […] [Read More]

It’s that time of year again – the time of “Movember” and “No-Shave November.” As we’re a couple of weeks into the month of November, you may be noticing quite a few men sporting freshly grown facial hair of various shapes, sizes and intensities, many in the name of various men’s health awareness initiatives. One […] [Read More]