For any NAAA-member auctions interested in participating in Auto Remarketing’s “Auction Life” feature — which is part of our annual National Auto Auction Association Convention Issue — the deadline to submit photos is this week.  This special section of our NAAA Issue will include photos from auctions across the country, sharing bits of the day-to-day life from […] [Read More]

With leasing continuing to gain momentum, CNW Research compared the contract residual value projection with the likely actual value at the end of term. In the August Retail Automotive Summary, firm analysts found that last month’s industry average settled at 85.88 percent — a figure representing the difference between the actual contract and the eventual […] [Read More]

Weakening sales this month have triggered increased lot inventory, according to CNW Research’s monthly Retail Automotive Summary. Despite dealers being able to get a higher-than-average percentage of their asking prices on used cars so far this month, the higher stocks of vehicles have led to the used-car days’ supply going up 3 percent, a trend the […] [Read More]

Last week, gas prices dropped for the seventh week in a row, and some of the more fuel-efficient segments are following suit at the auction. Prices at the pump dropped to a national average of $3.47 per gallon last week, and Black Book’s Ricky Beggs pointed out the three smaller, more fuel-efficient segments saw the […] [Read More]

Manheim chief economist Tom Webb regularly tries to take questions connected to current events when he closes his monthly Auto Industry Brief. The August edition contained questions that likely came from a busy F&I manager. The questioner arrived at the query after reading that household debt levels shrank in the second quarter. “That’s not the […] [Read More]

As CNW Research noticed both sequential and year-over-year increases in approvals for subprime vehicle financing so far this month, two Equifax economists took their turn to again reiterate how a bubble is not forming in that segment, contrary to the connection some observers are making to the mortgage meltdown. In a white paper released on […] [Read More]

Dealer solutions provider Autosoft now offers convenient access to credit report and compliance services within its Web-based FLEX F&I application because of a new a partnership with 700Credit. On Monday, executives highlighted this partnership can help dealers quickly complete the entire sales process without leaving Autosoft’s FLEX F&I application — in most cases while a […] [Read More]

Manheim announced that six of its auctions wiill celebrate fifty or more years of business this year. Manheim Area Illinois, which opened in 1949, will celebrate its 65th year of business on Sept. 16, when it will host a 65-inch television raffle and other assorted giveaways. Manheim locations in Seattle, Chicago and New York will […] [Read More]

Lease return numbers could soon double the amounts seen just last year and one auction group, in particular, said it is taking measured steps to meet the surge in supply. In the group’s latest newsletter, ServNet president Patty Stanley says the network of auctions is ready for the 2.5 million lease returns expected to hit the remarketing […] [Read More]

Urban Science’s 2014 mid-year Automotive Franchise Activity Report was released Thursday, revealing expectations of an all-time record-setting year for dealers by the end of 2014. The report, which estimates that the average number of sales per dealership, based on LMC Automotive’s forecast of 16.2 million vehicles sold by the end of the year, foreshadows a […] [Read More]