For consignors, there is certainly some strategy involved when it comes to balancing which cars are sent to physical auctions or sold online, which ones are offered directly to dealers, and so forth. We asked John Mathiowetz — an honoree in our inaugural Remarketing and Used-Car Industry's 40 Under 40 and the manager of regional car […] [Read More]

The vehicle recovery sector of the automotive business is arguably one of the most difficult areas of the industry to navigate. The lines cross between areas such as financial compliance and consumer protection, with state and federal regulations governing every step of the way. As part of our inaugural Remarketing & Used-Car Industry’s 40 Under […] [Read More]

Three other factors besides vehicle dependability triggered a 34-percent spike during the past 12 years in the average time for a new vehicle to enter the used market for the first time. According to the latest report from the Used Car Guide division of J.D. Power, that average time moved from 48.2 months in 2003 […] [Read More]

The more the Consumer Financial Protection Bureau highlights details about its consumer complaint database, the more industry associations make their own grievances about how the regulator constructs its reports, which are often critical of how providers are performing. The American Financial Services Association emphasized that the information in the CFPB’s consumer complaint database is “not […] [Read More]

A Pennsylvania independent dealership reached a settlement agreement with the state attorney general, who alleged the store leased vehicles that needed considerable amounts of repair work and used a lease agreement that did not comply with federal law. Attorney General Kathleen Kane said the dealership, Credit Connection Auto Sales, offers vehicles on a lease-to-own basis […] [Read More]

Sam’s Club announced today its new Auto Buying Program, powered by TrueCar, that it says provides guaranteed savings off of the MSRP on new cars and exclusive savings on used cars for its members. According to the company, Sam’s Club members have access to more than 10,000 TrueCar certified dealers nationwide. “Whether it’s your first […] [Read More]

Canadian certified pre-owned sales were strong in August, with all reporting OEMs announcing certified sales increases, and two automakers notching monthly records. Volkswagen Canada enjoyed a record August for CPO sales, with its dealers delivering 1,613 CPO vehicles in August. This represents an increase of 14.7 percent year-over-year. Year-to-date, the company has sold 12,077 CPO vehicles, […] [Read More]

CarProof Corp., makers of vehicle history reports, announced Wednesday the addition of easy to read badges to its reports as an attempt to improve readability and simplify transparency. The new badges aim to make it easy for car buyers to identify key attributes they may be looking for in a used vehicle, examples being accident […] [Read More]

Monthly certified pre-owned sales fell on a year-over-year basis for the first time since June 2014, but year-to-date sales are still more than 10 percent ahead and four brands posted best-ever sales results. There were 220,416 certified sales in August, which was off 1.1 percent from August 2014, according to a roundup of CPO sales from […] [Read More]

Jenifer Eggert, vice president of digital services at Manheim, has been exploring the digital possibilities for car sales since first joining Autotrader.com over a decade ago. Eggert, who is one of the Remarketing and Used-Car Industry's 40 Under 40, is now responsible for overseeing wholesale digital strategy and execution at Manheim and its parent Cox Automotive. […] [Read More]