The special vehicle markets are heating up as summer approaches, with collectible car values increasing across the board. The most recent Black Book Market Insights report touched on the specialty markets, showing a hot spring for collectible vehicles.   Collectible car values are rising rapidly, with exotic cars seeing the highest price increases. Over the […] [Read More]

Coincidentally, the same week that unusual thunderstorms raced across much of the country, Dent Wizard promoted two new hail business development managers. Grant Allen and Scott Whitney will take on the two newly created positions designed to help the company continue to improve its hail response services across North America. Allen and Whitney previously worked […] [Read More]

The latest American Bankers Association’s Consumer Credit Delinquency Bulletin showed auto loan performance in the fourth quarter didn’t stumble much as the two categories analysts track moved only a total of 3 basis points year-over-year. ABA reported that direct auto loan delinquencies — contracts arranged directly through a commercial bank — fell from 0.72 percent […] [Read More]

One year ago, Jaguar Land Rover Canada relaunched its Land Rover Approved Certified Pre-Owned brand. In April 2014, this program joined the Jaguar Approved CPO business that Farouk Giga, national manager of certified pre-owned at Jaguar Land Rover Canada, said “has been a mainstay in the premium pre-owned marketplace.” This past March, the Land Rover […] [Read More]

KAR Auction Services will be opening an ADESA facility in the nation’s third-largest metropolitan area. On Thursday morning, KAR announced the development of ADESA Chicago, which will be located in Hoffman Estates, Ill., near I-90. The auction is expected to open in spring 2016, the company said. KAR plans to develop 65 acres for the auction […] [Read More]

To help explain how residual values are behaving, Manheim Consulting regularly shares a graph showcasing the Manheim Used Vehicle Value Index versus mix and quality adjusted New Vehicle Price Index computed by the U.S. Bureau of Labor Statistics (BLS). Manheim chief economist Tom Webb said that the visual aid should show a general upward drift for […] [Read More]

A trio of vehicle history report providers — Carfax, CARCHEX and VINSnoop — each shared a new company development this week, ranging from shop integrations to becoming an exclusive shopping site provider to launching a new site and affiliate program. First, SHIFTMobility teamed with Carfax to improve its ShopLite mobile solution by becoming part of […] [Read More]

After forming America’s Auto Auction 10 years ago and leading its growth to the 12-member group it is today, Richard Gundy retired from the business in late March. Taking on the role of chief executive officer is Ben Lange, who adds the CEO title to his existing duties as president of the company. Meanwhile, former MAFS, […] [Read More]

Dominion Dealer Solutions announced Tuesday that Dominion ACCESS, the company’s Windows-based dealership management system, is now a fully integrated partner of the Toyota DMS Integration Program. Toyota’s Dealer Daily Open Access (DDOA) program integrates with Dominion ACCESS through live, secure communications across multiple departments, including F&I, service and accounting. The DDOA interface, developed based on […] [Read More]

Tax season buying and selling activity is still in “high gear” with April 15 quickly approaching. That’s according to the latest Black Book Market Insights report, which showed strong price retention in the lanes last week for both cars and trucks. On average, the car segments saw a $6 (or 0.5-percent) increase in prices, while […] [Read More]