Amid a strong certified pre-owned and overall used-vehicle sales market, wholesale prices continued to climb in October, driven in part by strong pickup residuals. According to ADESA Analytical Services’ monthly analysis of wholesale vehicle prices by model class, auction prices were up 1.1 percent compared to September and 0.6 percent year-over-year. Vehicles at auction sold for […] [Read More]

The vehicle appraisal data for AutoNation Express is being provided by Black Book, the latter announced Tuesday. The platform is the online car shopping and purchasing tool from the AutoNation dealership group. And through this partnership, visitors to AutoNation dealerships will be provided a trade appraisal when they’re shopping for a ride. First, the shopper […] [Read More]

For dealership principals and finance company executives who might be watching tonight’s fourth Republican presidential primary debate, they might not want to step away during a commercial break: an advertisement is planned to highlight the position against the Consumer Financial Protection Bureau. The American Action Network (AAN) — an organization that says it creates, encourages […] [Read More]

ACA International, the association of credit and collection professionals, is raising concerns over a regulatory enforcement program launched last week by the Federal Trade Commission that officials contend could paint legitimate debt collectors and fraudsters with one broad stroke. The Federal Trade Commission announced the beginning of Operation Collection Protection — a new coordinated federal-state […] [Read More]

You can probably expect nearly 40 million used-car sales this year, according to the latest Manheim Used Vehicle Value Index report.   Citing NADA data, Cox Automotive chief economist Tom Webb said in analysis accompanying the report that that growth in used sales has accelerated since the year’s outset. The full-year sum, he said, should […] [Read More]

IHS Automotive announced the second-generation iteration of its global aftermarket solution, WorldView 2.0, during the recent Automotive Aftermarket Products Expo in Las Vegas. According to IHS, WorldView is the industry’s “most complete resource for analyzing vehicles in operation” as well as both aftermarket and OEM parts intelligence. The update to WorldView headed into the product’s […] [Read More]

John Felice — whose time with Ford dates back to 1984 and includes time with the remarketing department as well as sales in the U.S. and Asia — landed a new executive role on Monday with motormindz, a global automotive professional services and technology company. Felice is now a part of motormindz as a senior […] [Read More]

Dealers: ever wish the hang tags for your inventory on the lot would update themselves? That’s the aim for eCarTag, a subsidiary of Pearl Technology Holdings, who announced that its digital hang tags have just completed a first test pilot with Sonic Automotive, who plans to install the tags at all of its dealerships next […] [Read More]

The DARCARS Automotive Group announced Monday that it has added Honda of Bowie to its list of franchises, bringing the overall tally to 38 franchises in more than 20 locations. Labeling itself as the largest group of car dealerships in the greater Washington, D.C., metropolitan area, DARCARS also said that the Honda dealership will immediately […] [Read More]

The International Automotive Remarketers Alliance has issued an open letter to the industry designed to “advocate for the establishment of a cross bidding multi-platform online remarketing solution,” a position the alliance says 20 of 23 responding IARA consignors supported in a recent survey of its U.S. consignor members. The IARA lists 13 consignor member it says have […] [Read More]