There was close to $27 billion in used-vehicle sales last month, as dealers and private individuals combined to move 2.38 million used units, according to CNW Research. The firm reported Sunday that most of the 2-percent year-over-year increase in used unit sales came from franchised dealers, whose numbers were up 4.63 percent.  Private-party sales also […] [Read More]

AutoSaver.com revealed its two newest active market appraisal tools on Monday, MarketVUE and TradeVUE, aimed at increasing conversion rates by offering price reassurance to customers. The tools pull credible, third-party data from the dealer’s geographic area to provide real-time market data from all competing vehicles within a defined market along with the dealer’s inventory supply […] [Read More]

The Dealer’s Auto Auction group announced recently that eight of its employees have now completed the International Automotive Remarketers Alliance (IARA) Certified Automotive Remarketer (CAR) Program. According to the company, they now have eight of the 101 total graduates of the program. Mark Hopkins, the national fleet lease manager at DAA, supervised the certification process of the […] [Read More]

Naked Lime Marketing recently launched an all-new, comprehensive website platform for dealers called Aptus Websites. Naked Lime explained that the company developed Aptus to help dealers build a more effective digital dealership that supports a smoother, more flexible end-to-end retail experience for consumers. Officials highlighted Aptus benefits include: — The ability for dealers to choose […] [Read More]

The first month of 2015 is in the books, and Black Book editorial director Ricky Beggs shared his reactions to last week’s vehicle price movements in the latest “Beggs on the Used Car Market” video report.  Though pointing out that fuel prices continued to fall — by 2 cents and 7 cents for gas and diesel, respectively […] [Read More]

Pre-owned supply is expanding, but securing quality used inventory remains one of the most important items on the to-do list for many dealerships. The company TradePending is looking to make that easier for franchised dealers, as well as helping to provide a simpler way for consumers to get rid of their old vehicles. The company […] [Read More]

Dealertrack Technologies' Michael Collins told SubPrime Auto Finance News during last month’s Vehicle Finance Conference hosted by the American Financial Services Association that the industry is in “very good shape.” January’s used-vehicle sales performance — especially in the subprime and deep subprime spaces — reinforced Collins’ assessment. CNW Research shared late on Super Bowl Sunday […] [Read More]

As part of a trio of company developments, CDK Global announced its Contract Validation solution will be released later this year to Fiat Chrysler Automobiles (FCA) dealerships in the U.S. During the vehicle buying process, the CDK Contract Validation solution can check a vehicle purchase contract for accuracy and acceptability by Chrysler Capital. Contract Validation […] [Read More]

On Monday, EFG Companies launched what it’s calling MAP My Miles — a mileage-only vehicle service contract that can enable consumers to customize their VSC to their personal driving habits. According to a recent EFG survey, 40 percent of consumers nationally said that the terms of the last VSC they purchased ended up being either […] [Read More]

If the latest analysis from CNW Research is any indicator, the number of cars you see out on the lots may be down a bit, with dealers having pulled back on inventory ahead of chillier months. But don’t expect that to last. “In part due to the anticipated winter selling season, many dealerships reduced inventory going […] [Read More]