There’s a story our publisher-emeritus Ron Smith tells that really pinpoints the importance of networking at industry events. After one of the company’s automotive conferences a few years ago, an attendee approached Ron to tell him how much he had enjoyed the event. Ron was certainly thankful to hear this news, but said he was a […] [Read More]

Sporty cars and trucks were the only segments to withstand stronger downward pressure on wholesale prices at auctions. These two groups remained ahead for price retention, while most other car values experienced steeper declines. In fact, car prices fell by 0.76 percent or $94, which is the largest decline seen in 52 weeks, according to Black […] [Read More]

Long gone are the days where a dealership could adequately maintain its inventories by utilizing traditional methods of vehicle acquisition alone. That’s according to the folks at Autotrader, who hosted the company’s Interactive Dealer Summit in the North Carolina capital last Thursday.    One of the workshops for dealers at the event, titled “The Frond-End […] [Read More]

RVI Group announced two vice president promotions within the company this week. First up, Rene Abdalah has been promoted to senior vice president and is responsible for RVI’s passenger vehicles business. Abdalah joined the company in 2002, and management said his “strong leadership, forward thinking mentality and commitment to continued product innovation have been key […] [Read More]

Frank Fuzy has shipped cars as far north as the North Pole and as deep into the Pacific as Tokyo. “I’m advertising to the world,” said Fuzy, who co-owns the predominantly Internet-based Century Motors of South Florida with his wife, Gina. “And we’ve got the shipping routes down pat. It’s so reasonable that it just […] [Read More]

Two of the buy-here, pay-here industry’s largest dealership chains — America’s Car-Mart and J.D. Byrider — each released company updates on Tuesday as one extended the contracts of two top executives while the other expanded its footprint into a new state. J.D. Byrider added its fifth new dealership so far this year as new franchisee […] [Read More]

Dominion Dealer Specialties, a division of inventory management provider Dominion Dealer Solutions, launched what company officials dubbed New Car Incentives for Dominion Inventory Manager. The company highlighted Dominion’s New Car Incentives feature can provide dealers with automated access to manage and apply new-model OEM rebates, as well as incentive information to assist with pricing and […] [Read More]

Time is dwindling in the current Supreme Court session, and the justices have yet to offer their opinion on a case connected with the use of disparate impact, one of the sharpest tools the Consumer Financial Protection Bureau uses to regulate the auto finance industry. No matter which way the court goes, analysts from KeyBanc […] [Read More]

Considering the prolific nature of the current certified pre-owned vehicle market, iSeeCars.com decided to look a bit further into the CPO programs provided by manufacturers to see exactly how much of a premium their programs carry. As it turns out, the majority of car brands average less than $1,000 extra for their CPO vehicles when […] [Read More]

Vendor Transparency Solutions (VTS) recently enhanced relationships with two of the repossession industry’s largest organizations — Allied Finance Adjusters (AFA) and Time Finance Adjusters (TFA) — in order to provide regulatory compliances services for agents. AFA and VTS through its ongoing partnership announced the integration of the Allied Finance Adjusters vetting portal and the VTS […] [Read More]