General Motors spent much of the first half of the year handling crisis control over its massive amount of vehicle recalls, including the ignition switch problems in discontinued models. Now with autumn less than two weeks away, NADA Used Car Guide is finding only marginal impact left on the brand and its vehicles. Analysts explained […] [Read More]

Like their domestic counterparts, the majority of Asian and European brands are posting stronger certified pre-owned sales numbers — including several who just posted their respective best months ever for CPO. Overall, certified sales for Asian brands were fairly static year-over-year in August (down 0.4 percent at 102,154 units), according to numbers from Autodata Corp.; […] [Read More]

Big 3 brands increased their certified pre-owned sales by nearly 20 percent in August and pushed their year-to-date sales above half-a-million units. According to Autodata Corp., domestics sold 77,918 CPO units last month, which was up 19.8 percent year-over-year. Through eight months this year, they’ve increased certified sales by 13.7 percent, moving 545,034 CPO cars. Breaking […] [Read More]

Auto delinquencies rose slightly in the second quarter because there’s more paper on the streets nowadays, but TransUnion analysts don’t think the trends are necessarily bad for the industry. According to TransUnion's Industry Insights Report released on Tuesday, the auto loan delinquency rate — the ratio of borrowers 60 days or more delinquent on their […] [Read More]

Used-car sales fell for the third straight month, but the mood among many dealers still seems to be a positive one, according to Tom Webb, who addressed the used retail market as part of his analysis surrounding the monthly Manheim Used Vehicle Index. Webb, chief economist at Manheim, points to CNW Research data indicating that […] [Read More]

ADESA named a new vice president of finance operations and general manager of the ADESA business offices in Mesa, Ariz. Amy Carlson, with 16 years of business experience in finance and operations and five years of experience at ADESA’s Mesa office, takes on the new role effective immediately. She reports to Paul Lips, the executive vice president of operations and finance […] [Read More]

Analysis from Black Book and Manheim for how the wholesale market behaved in August showed somewhat similar conclusions even though the exact figures each company shared differed slightly. As the Manheim Used Vehicle Value Index retreated for the fourth month in a row, Black Book data showed the average price of a used vehicle for […] [Read More]

Only 11 percent of the wholesale value adjustments last week were increases, according to Black Book, which indicated that this ratio has not been this small in nearly 11 months. After recapping in-the-auction-lane comments from editors in his weekly video report, Black Book editorial director Ricky Beggs said: “The resulting analytical efforts and actual value […] [Read More]

Along with forging a new strategic partnership with Spireon, software provider AutoStar Solutions highlighted details behind Fusion 2, a new generation of dealer management system (DMS) for buy-here, pay-here dealerships, independent stores and auto finance companies. The company highlighted Fusion 2, or F2, will eventually replace AutoStar’s current Fusion DMS. AutoStar insisted F2 is the […] [Read More]

BillingTree recently completed its examination in conformity with Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization for the period from May 1 of last year through April 30 of this year. The company said the examination was performed by an independent auditing firm. Completion of the SSAE […] [Read More]