ADESA announced on Wednesday its plans to rename two of its auctions in the Pittsburgh area. With its recent acquisition of Pittsburgh Auto Auction, ADESA now has three auctions in the area, also including ADESA Pittsburgh in Mercer, Pa., and ADESA PA in York, Pa. Because the newly acquired Pittsburgh AA is located closer to the […] [Read More]

AutoNation on Wednesday announced its new-vehicle sales count for the month of May, which eclipsed year-over-year numbers from last May by 5 percent, bringing the final tally to 31,777 new units. This performance helped the nation’s largest automotive retailer to reach the milestone of 10 million total units sold, a feat the company says no other […] [Read More]

Both new-model leasing and certified pre-owned sales are setting records. Might both markets continue to build steam if automakers, captive finance companies and other institutions are interested in ramping up the volume even more by delving deeper into the non-prime consumer space? While Kelley Blue Book senior analyst Alec Gutierrez and Autotrader senior analyst Michelle […] [Read More]

This past month was an impressive one for certified pre-owned, with five Canadian automakers experiencing their best CPO months on record. Subaru Canada was on the list of automakers notching an all-time high. “May was an all-time record month for Subaru as we did 100 CPO units in May,” said Tom Opratko, manager of business […] [Read More]

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]