Though pickups have been strong when it comes to price retention most of the spring, another segment joined them this past week: the premium sporty cars. According to the latest Black Book Market Insights report, premium sporty cars began picking up in price this past week at auction, a trend which is expected during the […] [Read More]

May was the best month of all time for certified pre-owned sales and beat the previous record (coincidentally, May of 2014) by more than 12 percent, according to Autodata Corp. Overall, there were an estimated 232,842 CPO sales in May, a 12.2-percent increase over the same month a year ago, the firm reported Wednesday afternoon. […] [Read More]

Ready Auto Transport announced Tuesday the release of a set of new transportation tools available within AutoIMS, the Auto Auction Services Corporation’s remarketing technology application. The toolset gives consignors more control over logistics management as part of the end-to-end inventory management process. The aim of the integration, according to John Blobner, Ready Auto Transport’s vice president […] [Read More]

With new-vehicle leasing continuing to track on a pace industry watchers have never seen previously, SubPrime Auto Finance News wanted to know if automakers, captive finance companies and other institutions are interested in ramping up the volume even more by pulling the lever in the non-prime consumer space. Both Kelley Blue Book senior analyst Alec […] [Read More]

After a three-month pilot test phase where the vast majority of dealerships reported that they experienced a seamless transition, Ally Financial is officially rolling out its flagship vehicle service contract — Ally Premier Protection — to dealers nationwide beginning this month. Finance company officials highlighted that the product, which was previewed at the NADA Convention […] [Read More]

In an effort to broaden its outreach and enhance relationships with independent stores, GWC Warranty hosted its first-ever Elite Dealer Council at the company’s headquarters on May 19. Comprised of some of GWC’s top independent dealers from across the country, the company explained the Elite Dealer Council was hand selected to meet with GWC leadership […] [Read More]

Federal banking agencies on Tuesday reiterated the disclosure requirements for the annual stress tests conducted by financial institutions with total consolidated assets between $10 billion and $50 billion. Officials from the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency explained these medium-sized companies are required to conduct […] [Read More]

@media only screen and (min-width : 768px) { p.young-profile {height:340px;width:149px;float:left;margin:5px;} div.profile-section > p:first-of-type {margin-left:0;} div.profile-section > p:last-of-type {margin-right:0;} } Every year, we continue to see more and more young, successful dealers and remarketing professionals enter the field. With that in mind, we wanted to find a way to honor and recognize these up-and-coming stars as […] [Read More]

Cars.com announced this week it has named a new vice president of human resources. Formerly the chief human resources officer at the Ferrara Candy Company, Cynthia Hiskes now takes on the role with Cars.com where she will oversee all human resources functions for the company. Hiskes will report directly to Alex Vetter, the company’s chief […] [Read More]

NCM Associates Inc. announced Monday that it has launched a new Chrysler Dealer 20 Group. The company, which says it created the 20 Group peer-collaboration model in 1947, said the newly formed group, the Chrysler Performance 20 Group, held its inaugural meeting last month after forming from the principals of several Chrysler, Dodge, Jeep and […] [Read More]