There are a few different ways to look at the increase in off-lease volumes expected to hit the wholesale market in 2015 and in years to come. One, of course, is the macro numbers. In a recent Perspective report, NADA Used Car Guide predicts this year will show another 20-percent rise in off-lease volumes, which are […] [Read More]

It may sound like a broken record that the discussion of automotive technicians has once again surfaced in one of the largest auto group’s quarterly conference calls. But Lithia Motors president and chief executive officer Bryan DeBoer touched on another interesting angle regarding how fuel prices affect the automotive industry — the service side. When […] [Read More]

The well of future certified pre-owned vehicle inventory is getting deeper because of how many new models are leaving showrooms as leased vehicles. Experian Automotive reported that leasing continued to gain traction in the fourth quarter as volume jumped 3.6 percent from a year earlier to reach nearly 30 percent of all new vehicles financed […] [Read More]

In auction news this week, ARI honored Louisiana’s 1st Choice Auto Auction as one of its leading providers, and Manheim announced it is once again sponsoring The Kyle Petty Charity Ride Across America to support Victory Junction — a camp created to enrich the lives of children with chronic or life-threatening illnesses. First up, for the […] [Read More]

CarStory announced on Tuesday its partnership with DealerInspire to integrate CarStory’s Market Reports into the DealerInspire’s website platform. “Today’s auto shoppers use 24 research touch points in their car-buying process,” said Chad Bockius, CarStory’s chief marketing officer. “Every time a consumer leaves a dealer website to find more information, it is a lost opportunity. Keeping […] [Read More]

Certified pre-owned sales in February beat year-ago figures by more than 10 percent, and the daily selling rate was just a hair away from being the best-ever, according to Autodata Corp. The firm estimates there were 197,499 CPO sales last month (based on brands reporting results as of Wednesday morning). This would be a 10.3-percent […] [Read More]

In what should be good news for dealership F&I personnel and finance company portfolio managers, Experian Automotive reported that consumers are relying on financing more than ever to buy their next vehicle. According to its latest State of the Automotive Finance Market report, the percentage of new vehicles purchased with financing in the fourth quarter […] [Read More]

CreditMiner, a solution provider that supplies the technology and ability to pre-qualify and pre-screen automotive consumers on Experian, TransUnion and Equifax credit bureau platforms, created a new partnership this week with Credit Bureau Connection. Officials highlighted the integration within the BASIS₂ and CreditMiner platforms stemming from the partnership created a full credit report and compliance […] [Read More]

GWC Warranty, a provider of vehicle service contracts and related finance and insurance products sold through dealers, successfully topped $350 million in claims paid to date, according to a company announcement posted this week. President and chief executive officer Rob Glander said, “Surpassing $350 million in claims is an important milestone for GWC. “Our slogan […] [Read More]

With the certified pre-owned market growing at a rapid rate across Canada and the U.S, the majority of February CPO sales results were a good indicator growth is not slowing anytime soon. For example, over at Audi, Elankum Vairavanathan, manager of incentives, planning and certified pre-owned sales at Audi Canada, said, “The strong demand for […] [Read More]