Dealertrack Technologies’ TradeTracker Used Vehicle Market Report for the month of April was recently released, reflecting another month of trade-in consistency for Canadian dealers. The Ford F-150 was once again the overall most-appraised vehicle in Canada, followed by the Toyota Corolla and the Honda Civic sedan, all following three-month and year-long trends. The Ford Escape […] [Read More]

KAR Auction Services reported year-over-year increases in revenue, adjusted EBITDA and net income during the first quarter as each of its three major divisions — ADESA, Insurance Auto Auctions and Automotive Finance Corp. — all registered jumps in gross profit. The company reported Q1 total revenue came in at $632.4 million — an increase of […] [Read More]

The roller-coaster that is lease credit approvals watched by Swapalease.com swung significantly again in April, rising to the highest point in six months. Site officials reported April’s metrics continued more volatility after they saw the approvals rate during the month come in at 78.6 percent. That level represented a 31.0-percent jump from the approvals rate […] [Read More]

In light of Auction Direct USA entering the certified pre-owned market through a partnership with NIADA, one of the questions that chief executive officer Todd Hoagey acknowledged people might have is this: why does the company need a CPO program? Speaking last week at the partnership’s kick-off event at the Auction Direct store in Raleigh, N.C., […] [Read More]

The April collectible car market continued strength trends seen earlier this year, and prompted Black Book editors to cite value appreciation in this market area as “astounding.” The collectible cars market is performing well, with exotic cars seeing the highest year-over-year change. The exotic vehicles saw a 38.3-percent year-over-year jump in price this past month, and […] [Read More]

Dominion Dealer Solutions announced that Dominion ACCESS, its dealer management system, is now an approved integration partner of Nissan’s Dealer Business System. Nissan’s new system integrates the Dominion ACCESS DMS with real-time, secure communications across several of a dealer’s departments and is available to Nissan and Infiniti dealerships nationwide. “Completing the integration between Dominion ACCESS […] [Read More]

Auto Remarketing has learned that Volvo has new leader for its certified pre-owned program to replace Steve Golow, who is now aftersales operations manager for the Southern region at Volvo Cars of North America. Now serving as the national pre-owned manager for Volvo Cars North America is Robert Zilinski, who came over to the company […] [Read More]

Manheim Louisville is set to host its Cruisin’ for Wishes car show and fundraiser next week, the proceeds of which will benefit Make-A-Wish Ohio, Kentucky and Indiana. Scheduled for May 16, this will be the first year the annual car, truck and bike show will benefit this specific chapter of the Make-A-Wish foundation. “We are honored […] [Read More]

The Consumer Financial Protection Bureau published a report on Tuesday finding that 26 million Americans are what the agency is calling, “credit invisible.” The bureau explained this figure indicates that one in every 10 adults do not have any credit history with a nationwide consumer reporting agency. Officials noted the report also found that Black […] [Read More]

While the Consumer Financial Protection Bureau doesn’t have direct jurisdiction over how dealerships operate, a new survey conducted by eLEND Solutions showed 80 percent of dealers expect bureau regulations will be implemented in the near future, further impacting their businesses. What’s even more telling, the survey also indicated that less than half of dealers have […] [Read More]