In a recent report posted to its website, Cars.com observed a retail used-car pricing trend similar to what has happened on the wholesale side of the market: prices on fuel-efficient and alternative-powertrain cars remain among the steepest decliners. In fact, the company’s analysis of 2012- to 2014-model-year used-car listings posted to the site found that the […] [Read More]

ADESA announced that it has made several enhancements to the ADESA.com website. “Our team is constantly evaluating our online offerings and communicating with our customers about their experience,” said Stéphane St-Hilaire, the company’s president and chief executive officer. “We utilize this feedback to continuously develop and implement creative solutions that streamline and enhance user experience […] [Read More]

Dealer review website DealerRater has announced a solution for automakers, dealers and consumers to assist in completing recalls.                “NHTSA is starting to crack down on manufacturers for delaying recalls and is aiming for 100-percent recall completion rates,” said Gary Tucker, DealerRater’s chief executive officer. “A higher volume of recalls […] [Read More]

What the Consumer Financial Protection Bureau officially will consider to be a “larger participant” in the auto finance market took another significant step forward today. The CFPB published a rule that will allow the agency to supervise larger nonbank auto finance companies for the first time. The CFPB also released the examination procedures that regulators […] [Read More]

Last week, auction price depreciation broadened across the board, continuing a downward trajectory that began in May after tax season came to a close and one that will likely continue through the summer. According to Black Book data, the average price of a used vehicle for models years 2009-2013 fell by 1.2 percent month-over-month in May. Import […] [Read More]

Two Nissan dealerships in Alabama’s largest market are getting the attention of officials from the Department of Justice and the Federal Trade Commission. Not long after one Birmingham, Ala., Nissan store received word from the FTC regarding a consent order regarding advertising, federal prosecutors charged the general manager of another Nissan store in the city […] [Read More]

This week, RouteOne announced that Southeast Toyota Finance, the provider of financing to 176 Toyota dealers in the Southeast, elected to activate RouteOne’s automotive finance platform.  RouteOne’s credit application system is designed to be complimentary to dealers and can provide a wide range of options, such as payoff quotes, compliance and reporting tools. As a […] [Read More]

With new state compliance demands coming at the beginning of next year, the Carolinas Independent Auto Dealers Association (CIADA) recently selected Auto Data Direct (ADD) as its exclusive vendor for the pending requirement for electronic lien and title (ELT) filing. Officials recapped that ELT refers to the method of exchanging vehicle, title and lien information […] [Read More]

In Tuesday’s Auto Remarketing Today, we recapped Kelley Blue Book’s analysis on the used-car segments with the greatest movements (up or down) in auction prices during May. And now, we’ll show you which individual models saw their values change the most during the month.   The latest Blue Book Market Report breaks down the top 10 […] [Read More]

Dealer groups might have both General Motors and Fiat Chrysler Automobiles franchised stores in their portfolio, but what if those competing domestic OEMs united as one to manufacture vehicles for their dealer networks? Reportedly, that scenario is what FCA chief executive office Sergio Marchionne wants, but at least one industry observer is cautious about the […] [Read More]