Though ADESA’s monthly analysis of used-car prices showed a slight uptick from September, this bump in price may not accurately portray the current environment in the lanes. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, auction prices were up 1.3 percent to an average of $9,678 last […] [Read More]

Dealers selling aged inventory as well as those picking up used cars at independent auctions now have a new transportation option for these vehicles, thanks to Whann Technology Group's new partnership. The company has selected online transport marketplace uShip to power its Whann Logistics platform. The WTG-uShip partnership will work to help dealers get vehicles […] [Read More]

Interested in honing your ability to securely locate, recover and communicate with your portfolio of leased and financed vehicles? In real time? Tune in to the latest SubPrime Auto Finance News webinar, on Wed., Nov. 19 at 2 p.m., where editor Nick Zulovich will be hosting CalAmp’s vice president Scott Stone to discuss the 5 […] [Read More]

With the new- and used-car market booming, it seems subprime buyers are getting a piece of the pie — and many of these consumers are using credit unions to fund these vehicle purchases. TransUnion released the results of an October survey of 142 credit union executives, and responses flowed in that illustrated the current health […] [Read More]

Veteran’s Day is a fine occasion to give thanks where thanks is due — to those who sacrifice to serve and protect our nation. There are also those in our industry who go the extra mile to help give back to veterans, year-round, who are looking for work. One such company, in particular, announced today […] [Read More]

Cox Automotive — the parent of Manheim, AutoTrader.com, vAuto and Kelley Blue Book, among others — announced this afternoon it has purchased Xtime, a retention solution provider for the retail automotive industry. This latest acquisition focuses on fixed operations, and Cox management explained the move will serve to expand its suite of solutions dealers need to […] [Read More]

There has been a lot of talk, as new automotive sales continue to increase, about what the overall sales number will be for this year. TrueCar forecasts total sales for the year will reach 16.4 million units — the best since 2007 — and could possibly reach toward 17 million units in 2015 if economic […] [Read More]

Gas prices have dropped below $3, but it seems both the most fuel efficient vehicles as well as some of the larger units are seeing similar declines in value at auction. Interestingly, according to NADA’s AuctionNet data, on opposite ends of the spectrum, the compact car and large pickups are expected to seem some of […] [Read More]

With CPO sales booming in 2014 and the potential for certified sales to double in coming years, IntelliChoice announced the winners today of its annual Certified Pre-Owned Car Awards. The company announced the top certified brands at the CPO Forum in Las Vegas this morning. Repeat winner, Volvo Certified Pre-Owned, was once again recognized as […] [Read More]

Tesla Motors management has been busy as of late, launching a leasing program, confirming reports of a future CPO program for the Model S, and making multiple announcements regarding new vehicles and upcoming models. That business, though, didn’t translate to a successful third quarter monetarily.   The company reported last week it took a bit […] [Read More]