Warren Buffett now is officially a dealer, and according to the famous investor whose net worth tops $70 billion, “the fun has just started.” Buffett’s famed company, Berkshire Hathaway, on Tuesday completed its acquisition of the Van Tuyl Group, the largest privately held dealership group in the United States. The company claimed this historic transaction, […] [Read More]

An auto dealer law firm filed a mass action lawsuit on Tuesday against TrueCar in the Federal Court for the Southern District of New York, a suit the firm says includes 117 dealerships. Bellavia Blatt & Crossett, PC, said in its statement that it is planning to file a second suit, on behalf of TrueCar-affiliated […] [Read More]

CarLingo announced this week it is honoring 14 dealers in Atlanta as 2015 CarLingo Elite Dealerships. The company said the CarLingo Elite Dealer awards revolve about spotlighting “the ‘best of the best’ dealers that provide truly outstanding customer experience.” Explaining how these winners are determined, CarLingo said in its news release that they are chosen “after […] [Read More]

Manheim Fort Lauderdale will host its grand reopening sale this Friday to mark the completion of renovations to its facilities. The project, which included renovations of both the interior and exterior of the auction, included a remodel of all 10 sales lanes, the construction of a new technology center for dealers, a full overhaul of […] [Read More]

In order to celebrate the success of the Canadian used-car industry, the Auto Remarketing Canada Conference, presented by CarProof, is throwing a “Celebration of Success” party — bound to end the upcoming event with a bang. And what’s one of the best ways to celebrate success? Giving back to the community, of course, and that’s […] [Read More]

Digital Recognition Network has a busy week ahead during the North American Repossessors Summit. From highlighting its new technology to the latest metrics about what license-plate recognition technology can do to push revenue higher, DRN chief executive officer Chris Metaxas gave Auto Remarketing some details in advance of when more than 600 repossession agents gather […] [Read More]

Asian and European brands notched gains in certified pre-owned sales during February, and the respective groups are up year-to-date through two months, as well. According to Autodata Corp., there were 86,530 CPO sales among dealers for Asian OEMs during February, which is up 3.9 percent year-over-year. Through two months, these dealers have sold 174,156 certified units, […] [Read More]

Domestic brands continued to move upward in the certified pre-owned market during February, increasing their CPO sales by more than 17 percent year-over-year, according to Autodata Corp. The firm indicated that the Big 3 sold a combined 76,481 certified vehicles for the month, which beats February 2014 figures by 17.1 percent. Through two months of […] [Read More]

Wholesale prices last month softened 0.3 percent from January, but still beat year-ago levels by more than 3 percent. The reason, says ADESA’s Tom Kontos, has a lot to do with the supply of off-rental program/factory vehicles. Specifically, the latest Kontos Kommentary report put out by ADESA Analytical Services indicates that the average wholesale price […] [Read More]

After seven years and 488 videos, Monday was the final edition of the “Beggs on the Used Car Market” report, as Ricky Beggs — auto analyst extraordinaire and staunch Georgia Bulldogs supporter — gets set to retire on April 1. But before the Black Book senior vice president and editorial director signed off for a […] [Read More]