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]

It could be a whopper of a month for used-vehicle sales, if a forecast from TrueCar bears out.  The company is calling for nearly 3.1 million used-vehicle sales by the end of November. Specifically, TrueCar’s estimate is for the used market — including franchised and independent dealers plus private-party transactions — to exceed 3,079,327 sales […] [Read More]

ADESA announced this morning that its subsidiary, PAR North America, is the recipient of TD Auto Finance’s Repossession Vendor of the Year. TD Auto Finance chose PAR based on its outstanding ratings for compliance, performance and communication. According to the announcement, the company was the segment leader in key areas, such as repossession rate, time […] [Read More]

The past two years have been full of expansion and movement for CarProof, as the company entered both the reconditioning and vehicle valuation market. And it seems change is in the air for management, as well. Announced this morning, Paul Antony, chief executive officer and founding member of CarProof, is stepping into the role of […] [Read More]

The National Highway Traffic Safety Administration sent a letter last week to Chrysler Group chairman and chief executive officer Sergio Marchionne describing what the agency deemed to be a “woeful” recall repair completion rate for older model SUVs whose fuel tanks may rupture if the vehicles are struck from behind. The head of the automaker […] [Read More]

The owners of the 31 ServNet Auctions locations met up at the end of October in Waverly, N.Y. for the Fall Owners’ Meeting. The event, which took place Oct. 23 through Oct. 25, was hosted by the Barber family at State Line Auto Auction. The family, as part of the founding members of the auction […] [Read More]

Expect monthly used-vehicle sales for November to end up a good bit softer than they were in October, but the seasonally adjusted annualized rate should actually be about 2 percent higher. An Edmunds.com analysis released Monday is predicting an estimated 2.64 million used sales for November, down from 2.96 million in October. However the used-car […] [Read More]

As dealers and buyers started gearing up for Black Friday sales promotions last week, price trends in the lanes were “interesting,” to say the least, said Black Book’s Ricky Beggs. The editorial director noted in his latest “Beggs on the Used Car Market” video that prices in the auction lanes were described as “all over the board” […] [Read More]