A recent New York Times story painted an unflattering picture of technology so critical to buy-here, pay-here operators nowadays — GPS and starter interrupt devices. The feature also described pending litigation involving devices manufactured by one of the industry’s top providers — PassTime. In response, PassTime officials shared a memo with BHPH Report, reinforcing the […] [Read More]

One of the greatest challenges facing dealerships right now is that profit margins are increasingly under pressure. Several factors are at play, but it’s clear that the Internet is making it increasingly difficult to earn strong retail gross profits per vehicle. NADA reports that the average retail gross profit for used cars in 2013 was […] [Read More]

After TrueCar announced it has grown its dealer council earlier this week,  the company and U.S. News & World Report revealed today that they have extended their U.S. News car buying program another two years. The program, which has been powered by TrueCar since 2011, offers a negotiation-free car buying and selling platform and is available via […] [Read More]

Manheim announced this week the new job titles adopted by three of its leadership staff. Dianne Earley is now vice president, sales operations; Matt Trapp takes on the role of market vice president for the Mid-Atlantic Region; and JD Daniels now serves as general manager at Manheim Phoenix. Earley, formerly the market vice president for […] [Read More]

Recovery Industry Services Co. recently looked to increase the value of a RISC Compliant Agent Network (CAN) membership by implementing a discount purchasing program through a partnership with CorpMatch. RISC explained how it works, starting by stating that CorpMatch partners with companies like RISC to form a large buying group.  Then CorpMatch can negotiate with […] [Read More]

If you stand outside any of the auction lanes at Manheim North Carolina, one of the voices you may hear is that of Phillip Batchelor. The Wilson, N.C., native has been an auctioneer in the auto business for 25 years, but he actually got his start as a youngster, auctioneering off cakes at a talent show in […] [Read More]

As Toyota informed the agency it’s recalling approximately 690,000 pickups, the National Highway Traffic Safety Administration opened an official investigation of about 4.9 million Chrysler SUVs, trucks and vans stemming from a petition sent by the Center for Auto Safety (CAS). NHTSA indicated in a notice posted on its website on Monday that the defect […] [Read More]

It's been verified. In The Wall Street Journal last month, it was reported there are now more women drivers on the road than men. The last several years the auto industry has witnessed a big and not so surprising shift in the car buyer demographics, particularly in terms of gender. Men, who have been strongly […] [Read More]

Used-car prices began falling slightly in the lanes as summer drew to a close. According to the latest RVI Market Update released this week, the RVI Used Vehicle Price Index, which measures the wholesale values of used vehicles ages 2 to 5 years old, fell by 0.2 percent from July. That said, prices have been abnormally high […] [Read More]

It seems the impending fall market may have already begun affecting prices in the lanes as summer was wrapping up. According to the latest RVI Market Updata report, the RVI Used Vehicle Price Index fell by 1.6 percent in August when compared to July. Year-over-year, the index fell by 2.6 percent last month. And the […] [Read More]