Certified pre-owned vehicles fetched roughly $2,800 more on average last year than used cars that were not certified but in the same age range, according to CNW Research, which said that premium is expected to rise modestly in 2015. More specifically, CNW is targeting a $3,100 CP0 premium this year. “Because many in the middle […] [Read More]

In an effort to mitigate risk, regulatory experts from Wolters Kluwer Financial Services identified a list of top compliance issues facing U.S. financial institutions in 2015. The company’s experts indicated that heightened regulatory scrutiny, together with the enactment of major new regulations and pending rule changes, will represent significant challenges of varying impact for financial […] [Read More]

For both domestic and import brand programs alike, records and landmark years in the certified pre-owned business were abundant in 2014. Statistics and analysis shared by Autodata Corp. indicates that 17 brands/programs posted best-ever years in the CPO market, and three closed out 2014 with their strongest certified sales month in history. The firm lists the […] [Read More]

This year began with Auto Remarketing and Wall Street observers peppering Manheim’s Tom Webb with questions about rising off-lease volume, which has a projected level of about 2.5 million that the auction company’s chief economist called, “average.” Webb made that vanilla assessment of off-lease volume expectations because the industry pushed significantly more than 2 million […] [Read More]

Manheim Detroit’s commitment to environmental protection efforts now includes a donation to a local water-related organization. The $12,500 donation was made to Lake Erie Waterkeeper, an organization that helps maintain Lake Erie’s waters via education, advocacy, outreach and collaboration. The Manheim location also participates in the Cox Conserves Chairman’s Cup, an internal company program that […] [Read More]

The NADA Academy announced Monday that it has named Camron Wilson as its senior consultant of OEM and Allied Educational Solutions, a new position. With 15 years of auto experience, Wilson is now responsible for expanding collaboration with OEMs, allied industries and dealership staffs via online and instructor-led training. Wilson spent 10 of those years […] [Read More]

Auto/Mate Dealer Systems announced Monday its newest solution, Rev/Mate, an online service scheduling and menu building solution for dealers. The program, designed for service departments to assist in gaining customer pay revenue while also facilitating quality customer relations and service experiences, will roll out in the company’s Automotive Productivity Management Suits (AMPS) Fixed Ops/Mate module […] [Read More]

President Obama highlighted the move made by Ally Financial on Monday to offer its auto finance customers free access to their FICO score as a means to better understand their credit health. Obama mentioned the development during an event at the Federal Trade Commission highlighting the administration’s BuySecure initiative, which was launched last year to […] [Read More]

The industry began seeing signs of an expected significant increase in off-lease supply as 2014 wrapped up with a modest drop in wholesale prices. According to ADESA Analytical Services, wholesale prices dropped 0.3 percent from November versus last month to rest at an average of $9,844. This is still up 2 percent year-over-year, but recent […] [Read More]

The availability of financing coupled with family budget influencers such as softening gas prices prompted Manheim chief economist Tom Webb to say the following about the auto finance landscape — especially in relation to the subprime segment: “It doesn’t get any better than it is right now.” Webb made that assessment because delinquency rates haven’t […] [Read More]