Last week, auction price depreciation broadened across the board, continuing a downward trajectory that began in May after tax season came to a close and one that will likely continue through the summer. According to Black Book data, the average price of a used vehicle for models years 2009-2013 fell by 1.2 percent month-over-month in May. Import […] [Read More]

Two Nissan dealerships in Alabama’s largest market are getting the attention of officials from the Department of Justice and the Federal Trade Commission. Not long after one Birmingham, Ala., Nissan store received word from the FTC regarding a consent order regarding advertising, federal prosecutors charged the general manager of another Nissan store in the city […] [Read More]

This week, RouteOne announced that Southeast Toyota Finance, the provider of financing to 176 Toyota dealers in the Southeast, elected to activate RouteOne’s automotive finance platform.  RouteOne’s credit application system is designed to be complimentary to dealers and can provide a wide range of options, such as payoff quotes, compliance and reporting tools. As a […] [Read More]

With new state compliance demands coming at the beginning of next year, the Carolinas Independent Auto Dealers Association (CIADA) recently selected Auto Data Direct (ADD) as its exclusive vendor for the pending requirement for electronic lien and title (ELT) filing. Officials recapped that ELT refers to the method of exchanging vehicle, title and lien information […] [Read More]

In Tuesday’s Auto Remarketing Today, we recapped Kelley Blue Book’s analysis on the used-car segments with the greatest movements (up or down) in auction prices during May. And now, we’ll show you which individual models saw their values change the most during the month.   The latest Blue Book Market Report breaks down the top 10 […] [Read More]

Dealer groups might have both General Motors and Fiat Chrysler Automobiles franchised stores in their portfolio, but what if those competing domestic OEMs united as one to manufacture vehicles for their dealer networks? Reportedly, that scenario is what FCA chief executive office Sergio Marchionne wants, but at least one industry observer is cautious about the […] [Read More]

If you weren’t among the crowds at the most-attended Used Car Week in history, you missed out. Skipping Used Car Week may not get you punked on Jimmy Kimmel Live’s “Finger of Shame,” but it could lead to some serious #FOMO (Fear of Missing Out). But don’t worry, there’s a remedy for that: make sure […] [Read More]

Because so many potential compliance pitfalls might surface in the finance office and other areas of dealership showrooms, NADA University Online will host a free webinar titled, “Safeguarding Your Customer Data: New Rules, Best Practices,” tapping the expertise of Dealertrack Technologies associate general counsel Randy Hendrick. Association officials indicated the free 30-minute webinar will begin […] [Read More]

Though trucks had been defying depreciation trends seen in the car segments so far this spring, it looks like the pickups and SUVs joined their smaller counterparts last week. According to Black Book’s latest Market Insights Report, last week the lanes showed broader declines for the majority of the car segments, and even many of […] [Read More]

Edmunds.com announced Tuesday the startups chosen for this year’s class for its Fastlane accelerator program, which gives companies the opportunity to work with the site to refine their products. The 2015 class includes fiSpeed.com, ZipFlip.com, MyCarBuyingSecrets.com, MyAutoCloud.com, Credit Concierge and Leasify.  The companies chosen will participate in a three-month program, during which they will work with […] [Read More]