Manheim released its 2015 Used Car Market Report at the NADA Convention on Friday, highlighting a positive outlook for the used vehicle market heading into the new year. The company pointed out several key topics for 2014, including growth in wholesale volumes, new and used vehicles, and stability in wholesale pricing. Tom Webb, the chief […] [Read More]

Manheim announced today during the NADA Convention and Expo in San Francisco it has created a new wholesale-to-retail vehicle solution for dealers, as well as revealing a new partnership with Hendrick Automotive Group to create a multi-lane auction operation in North Carolina. The new wholesale-to-retail vehicle solution, which the company said was created with dealer […] [Read More]

Women-Drivers.com released the results of its 2015 U.S. Women’s Car Dealerships Report last week, and most of the metrics studied showed an increase in satisfaction among females while shopping for cars and purchasing these vehicles. According to Women-Driver.com data, women were responsible for buying over 13 million cars at new-car dealerships last year, which boils […] [Read More]

The ServNet Auction Group announced the recent expansion of its family of auctions with its 32nd auction location, Brasher’s Fresno Auto Auction. The California location was recently purchased by the Brasher family and hosted its first Brasher’s sale on Friday, Jan. 16. “It is with great pleasure that we welcome the newest member of the […] [Read More]

Auction giant ADESA recently announced that it has named a new senior vice president of strategic initiatives. John Hoctor has been chosen for the new SVP role. In this new role, Hoctor will be responsible for overseeing the company’s online dealer-to-dealer efforts, including both Dealer Connect and TradeRev in the United States, with a focus […] [Read More]

SiriusXM announced Friday at the NADA Convention and Expo in San Francisco that it has hit a milestone for its used-vehicle program. There are now over 15,000 dealers enrolled in the SiriusXM Pre-Owned Program. Through the program, customers purchasing any used vehicles with factory-installed satellite radio from a dealer enrolled in the SiriusXM Pre-Owned Program […] [Read More]

Taking a look at mobile trends, the 2015 Automotive Buyer Influence study from AutoTrader.com shows that 42 percent of recent car buyers used multiple devices to shop for cars last year. Mobile usage is expanding at a rapid rate as only 24 percent of car shoppers used multiple devices in 2013. AutoTrader explained the mobile […] [Read More]

Kelley Blue Book revealed this morning the 2015 winners of the annual Best Resale Value Awards, peppered this time around with trucks, SUVs and crossover models. “The entire list of Top 10 Best Resale Value vehicles is dominated this year by trucks, SUVs and crossovers, which is a testament to the strength these categories will […] [Read More]

CU Direct Connect (CUDC) announced its year-end results this week as auto loan application volume jumped 25.3 percent. That rise helped CUDC to close 2014 with more than $1 billion in funded loans netting a year-over-year increase of 30 percent.  CUDC broke $10 billion in indirect auto funding since the business was formed out of […] [Read More]

Westlake Flooring, a division of Westlake Financial Services, recently financed the acquisition of Phoenix Truxx’s current dealership location, helping the heavy-duty truck enterprise consolidate its operation in New Jersey.  Officials highlighted the property had been in bankruptcy foreclosure and Westlake came in with the capital to allow the deal to take place.  Westlake drew up […] [Read More]