Auction prices were still moving up in March as tax-season rate highs lingered a bit longer than usual, but the spike isn’t here to stay. According to RVI’s first-quarter newsletter, prices increased by 2.5 percent from February and 4.8 percent year-over-year last month (after adjusting for MSRP, the price change is slightly less, with an […] [Read More]

Late last week, a trio of Federal Trade Commission staffers released a blog post asserting car shoppers should be able to decide how they shop for their next vehicle, in regards to the ongoing controversy and legal battle Tesla’s direct-to-consumer sales model has sparked in the dealer community. It didn’t take long for NADA to […] [Read More]

Car buying is an expensive proposition. Nobody wants go wrong when it comes to closing such a deal. And this is exactly why women buyers take the time to shop around, research online, and are twice (50 percent) as likely to read car dealer reviews, before they make their final car buying decision. To close […] [Read More]

It’s been a rough week for certain areas in the Midwest and Southeast because of horrific weather, but the National Automotive Dealers Association is pledging to help. Dealership employees in Alabama, Arkansas, Iowa, Mississippi, Oklahoma and Tennessee who have been affected by the recent tornados are eligible to receive financial assistance from the Emergency Relief […] [Read More]

Brasher’s auctions across the country are reporting special sales events and at least one new hire, according to the latest update from ServNet. First up, Brasher's Northwest Auto Auction has named Jeff Cavalier as sales manager, bringing more than 20 years of experience to the post.  Mark Melton, auction general manager, says Cavalier will call […] [Read More]

Insurance Auto Auctions recently launched the CSAToday by IAA mobile app for Android featuring Market Value. This development follows the roll out of IAA’s iPhone app and further expands customers’ ability to estimate the value of their vehicles anytime, anywhere. The company said this application can offer CSAToday customers the latest operating platform and enable […] [Read More]

Recent data from Equifax, summing up 2013 trends, shows that the number of subprime auto financing originations climbed for the fifth year in a row, surpassing 7 million contracts for the first time since 2007. Analysts indicated the number of subprime contracts for 2013 came in at 7.3 million, up from 6.6 million a year […] [Read More]

AutoCanada gave an update today on what’s in its acquisition pipeline, revealing a series of purchases that have the potential to make the company over $400 million in extra annual revenue. The company announced today that it has signed a purchase agreement for a dealer group, as well as purchase agreements for additional unrelated dealerships […] [Read More]

The string of consecutive year-over-year increases in same-store used retail sales has reached 19 quarters, according to a recent post on Manheim Consulting chief economist Tom Webb’s blog. Market conditions, tough as they may have been, and steep comps couldn’t deter growth for the retailers, whose streak of quarterly gains is now approaching five years. […] [Read More]

Dealer.com announced this morning it has added CallSource and e-Dealer Solutions to its certified provider program. Now, e-Dealer’s and CallSource’s technologies will be integrated into the Dealer.com solution. And customers will now have access to these new technologies through the Dealer.com ControlCenter. Commenting on the news, Mike DeCecco, director of business development at Dealer.com, said, […] [Read More]