There’s been a lot of chatter recently in regards to the growing number of lease returns and its impact on used-car prices. It is true that there are a great deal of leases returning – an expected figure near 2.1 million vehicles for 2014 before the year is over, according to Manheim data. There is […] [Read More]

As multi-platform sales remain a hot-button topic among dealers and auction execs alike, Liquid Motors continues to see increased interest in its Multi-Listing Wholesale Remarketing Service. In fact, the company reported record growth for the tool that serves commercial accounts, auto auctions and dealerships. Over the past two months, Liquid Motors’ customers have listed almost […] [Read More]

Last Tuesday, voters unleashed their frustrations on the ballot boxes, driving Republicans to midterm victories nationwide and giving them control of both houses of Congress for the first time in eight years. For Republicans, Wednesday was one long victory lap, and who can blame them? There hasn’t been a lot to celebrate in national politics, […] [Read More]

AutoTec announced this month that it has completed the upgrade of AuctionACCESS. With its upgrade to Version 4, all subscribing auctions, totaling more than 260, have been updated to include enhanced features, including commercial account credentialing, additional search capabilities and improved image uploading. The upgrade also provides a more efficient user interface and strengthened data […] [Read More]

ADESA, which entered the vehicle-redistribution industry in 1989, plans to celebrate its 25th birthday in an exceptional manner — by giving back to each of its 65 North American auction locations’ local communities through 25 good deeds. Hoping to wrap up the “fun acts of goodwill” by the end of the year, the company’s president […] [Read More]

The Worcester Polytechnic Institute announced this month that it will honor Dealertrack’s Mark O’Neil, class of 1980, with the university’s fourth-annual WPI Innovator of the Year Award. Serving as Dealertrack’s chairman of the board, president and chief executive officer, O’Neil made a public address on Thursday at WPI’s Alden Memorial. The award recognizes graduates or […] [Read More]

After adding to its impressive acquisition lineup this year with the purchase of flagship BMW and Mini dealerships in Quebec, AutoCanada reported its best quarter ever as well as a few changes to its top management in light of recent growth. Perhaps a direct result of its rapid acquisition history over the course of this […] [Read More]

Prices fell by two percent in the lanes last month, with some segments seeing rates drop by over 4 percent from 2013 levels. And back in September, used-vehicle prices, after adjusting for MSRP, fell by 0.6 percent from August and 2.7 percent year-over-year, according to the latest RVI Risk Outlook report. What factors are contributing […] [Read More]

Though gas prices have fallen under $3, there has been no major reaction in the lanes due to the rapid decline. According to the Black Book editorial director’s latest “Beggs on the Used Car Market” video report, the average price of gas has now fallen to $2.99, down 6 cents from the past week and […] [Read More]

When it comes to successfully selling a vehicle and getting it financed, particularly for subprime borrowers, dealers and automotive finance companies should heed the advice of former President Reagan and “Trust, but verify.” What we are seeing in the market, however, is that as subprime auto lending continues to grow at record-setting levels, most dealers […] [Read More]