Led by a nice boost in the number of late-model vehicle sales, the total value of all used cars sold last month climbed 15 percent year-over-year and reached $33.53 billion, according to data and analysis from CNW Research. That figure includes used cars sold by franchised and independent dealers as well as those sold by private […] [Read More]

XLerate Group, which was formerly known as American Auto Auction Group until revealing its rebranding last month, announced Monday that it has brought on Pat Dudash as senior vice president of sales. Dudash has held senior sales or remarketing executive positions with Insurance Auto Auctions, ADESA, JM Family and Alamo Rent A Car. Cam Hitchcock, […] [Read More]

Though the holiday was cause for a short week in the lanes, Black Book’s Ricky Beggs still saw a few changing trends at auction. For example, in his latest “Beggs on the Used Car Market” video report, the editorial director pointed out that an overall “bright spot” last week was seen among the car segments. […] [Read More]

Hudson Cook is keeping a watchful eye on a pair of developments regarding debt collections and the regulatory impact on finance companies. The firm indicated the Consumer Financial Protection Bureau and the Federal Trade Commission filed several enforcement actions relating to debt collection and the notice of proposed rulemaking on debt collection practices is expected […] [Read More]

Perhaps Experian Automotive found another part of what is the “new normal” in auto financing as analysts determined that the average dollar amount for both new- and used-vehicle loans reached all-time highs in the third quarter. According to the latest State of the Automotive Finance Market report, the average loan amount for a new vehicle […] [Read More]

Used-car sales in November were relatively static from year-ago figures, but eclipsed the 3 million mark and pushed year-to-date figures well above 38 million, according to data and analysis released by CNW Research. Overall, there were 3.11 million used vehicles sold last month, a figure that includes sales by franchised and independent dealers as well […] [Read More]

It might not be a huge feast for the used-car market in terms of November sales, but at least franchised and independent dealers can be thankful that CNW Research is projecting a sales uptick for dealerships this month. According to the firm’s Retail Automotive Summary released just before Thanksgiving, analysts predicted that sales at dealerships […] [Read More]

Postmedia Network Inc. announced this week its new lineup of staff designed to drive auto sales. The team of sales experts are responsible for integrated advertising and marketing programs for Canada’s automotive marketers, also including its newspaper brands and responsive websites, such as driving.ca, and tablet/smartphone apps. “Our mission is to provide the best-in-class service […] [Read More]

Montreal’s John Scotti Volvo is the first dealership in North America to unveil the all-new Volvo Retail Experience. The “Experience” is a revamped retail design concept, which aims at enhancing the customer experience while also focusing on design quality and contemporary aesthetics. “The Volvo Retail Experience concept is a positive signal of Volvo’s commitment to […] [Read More]

To complete the rebuilding process from a natural disaster, Auto Title Express, a registered trade name of Dealertrack Registration and Titling Services-Louisiana, announced the grand opening of its new Monroe, La., location is set for Monday. Officials highlighted the grand opening of the new location at 1500 Louisville, Suite C, in Monroe, will take place […] [Read More]