The new and used vehicles moving out of dealership showrooms and their installment contracts filling finance company portfolios are now producing an origination pace not seen in almost a decade. The Federal Reserve Bank of New York’s Q3 2014 Household Debt and Credit report showed auto loan originations in the third quarter totaled $105 billion, […] [Read More]

The data makes one thing fairly clear about incentive spending: it’s substantial these days. But how are incentives really impacting used-car values? And is elevated spending enough to cause a panic? NADA Used Car Guide’s Jonathan Banks and Larry Dixon took a close look at the impact of incentive spending — plus a multitude of other factors […] [Read More]

Dealertrack Canada, part of Dealertrack Technologies, announced this week it is introducing Inventory+ to the Canadian market. The tool utilizes the company’s Tradetracker, AAX and eCarList offerings and provides new mobile capability. "For years, Dealertrack has delivered proven inventory solutions that help dealerships increase the efficiency and profitability of used car operations,” said Michael McCarthy, general […] [Read More]

It’s been a busy time for the Brasher’s family of auctions, who have had seven different auction locations throughout the West celebrating anniversaries recently, following alongside the group’s 65th birthday this year. The final celebration, held at the end of October, was at Brasher’s Sacramento Auto Auction. Featuring a party sale with nearly 1,000 bidders, […] [Read More]

Black Friday isn’t just for heavily discounted electronics. The discounts are ramping up on the showroom floors, as well. For franchised dealers looking to push the season’s best deals, Kelley Blue Book released a list of the 10 best new-car steals for November. “Black Friday represents one of the hottest shopping days in America, and new-car […] [Read More]

The future looks plentiful for both dealer and commercial consignment volumes at auction, according to the latest Economy and Auction Industry Report from the National Auto Auction Association. Dealer consignment is up 1.4 percent year-to-date through three quarters, with commercial volume up a much heartier 7.0 percent, according to NADA AuctionNet data cited in the […] [Read More]

Flick Fusion has announced the immediate acquisition of Dealer Fusion, a fellow video marketing provider to more than 500 automotive dealerships. Flick Fusion will migrate and adapt key features and applications from Dealer Fusion’s platform into its own to expand the overall offerings of its products, now made available to both companies’ clients and lot services […] [Read More]

Manheim is getting the ball rolling early with the holiday festivities via its "Dashing Through The Lanes" campaign, which began Monday. Taking place through Dec. 22, employees and customers at all 78 of Manheim’s North American operating locations will have the chance to donate to that auction’s charity of choice and sign a card to […] [Read More]

Though fall and colder weather may not bring to mind visions of sports cars flying down warm, sunny highways, it seems some shoppers are sick of snow already, as sportier cars are growing in popularity in the used market. In fact, according to the latest installment of vehicle scarcity data from AutoTrader.com, the Porsche Cayman is […] [Read More]

Roughly a week ago, Edmunds.com released an analysis indicating that certified pre-owned vehicles represented nearly 21 percent of total franchised dealer used-vehicle sales in the third quarter. And the CPO share for the current month could be even stronger, according to data that Edmunds shared Monday with Auto Remarketing. Analysts with the site estimate that 878,000 […] [Read More]