As their list of sponsors grows, organizers of the North American Repossessors Summit (NARS), hosted by the American Recovery Association, highlighted that they’re partnering with Capital One Auto Finance to host the third annual NARS Golf Tournament. This year’s event will be held on March 14, and the profits will help support the Boys & […] [Read More]

A relatively new program within BMW’s certified pre-owned operations that helps dealers retail used loaner and demonstration cars is gaining share in the company’s CPO pie and resonating with dealers and consumers, alike. Called BMW CPO Elite, the program was rolled out in January 2014 and, according to the company’s website, includes newer-model, lower-mileage BMW […] [Read More]

Certified pre-owned sales of Asian-brand vehicles jumped close to 11 percent in January, and European-brand CPO sales moved even higher, improving by nearly 25 percent year-over-year. That’s according to Autodata Corp., which released its monthly breakdown of industry-wide and brand-by-brand CPO sales. Starting with Asian OEMs, their 87,623 CPO sales last month were up 10.9 […] [Read More]

Dealers with Big 3 brands collectively sold nearly 73,000 certified pre-owned vehicles last month and picked up an extra 1.5 percent of market share, according to Autodata Corp. Domestics commanded 37.4 percent of the CPO market in January, the firm said, and their 72,841 certified sales beat year-ago figures by 22.1 percent. Brands within the […] [Read More]

The National Highway Traffic Safety Administration recently shared details about recalls from a half-dozen different makes, adding up to a little more than 200,000 units. The largest portion of that figure is associated with a campaign to correct the system controlling airbags on the Jeep Cherokee from the 2014 and 2015 model-years. Officials indicated Fiat-Chrysler […] [Read More]

KAR Auction Services chief executive officer Jim Hallett has another award to add to his mantle. Hallett was recognized as one of six Northwood University Outstanding Business Leaders at the 35th annual Outstanding Business Leader (OBL) Awards Gala on Saturday. Officials highlighted Hallett was recognized for his longstanding track record of professional success and leadership […] [Read More]

Offering more context on just how strong the certified pre-owned sales total has been, Autodata Corp. said in an updated sales report and analysis that last month’s CPO sales total was a January record. And as hot as the new-car market has been — Autodata said it climbed 13.7 percent year-over-year with 1.15 million sales […] [Read More]

After launching a revamped dealer certification program in late January, TrueCar announced this week its dealer network has surpassed the 10,000 mark. This number includes 8,700 U.S. franchised dealers and 1,300 independent dealerships specializing in used vehicles. Company management explained this latest benchmark pushes TrueCar toward its goal of including a third of U.S. dealers […] [Read More]

The first week of February came with more positive price adjustments at auction after prices fell a bit more than usual during the last week of January. Overall, car prices at auction dropped a mere $32 (or .22 percent) this past week, which represents the strongest price retention seen in over a month. That’s according to […] [Read More]

The average vehicle installment contract term Credit Acceptance originated during the fourth quarter ticked up to 48.5 months. The loosening of terms helped the company generate almost 20 percent more contract volume during Q4 as Credit Acceptance’s active dealer network also jumped above 7,200 during the year. Chief executive officer Brett Roberts gave a simple […] [Read More]