Copart launched its first-ever competition on Tuesday called the Copart Rebuild Challenge, a contest designed for car enthusiasts and auto rebuilders to show how they restored, customized or rebuilt a vehicle. From April 14 to July 6, enthusiasts and rebuilders can enter the Copart Rebuild Challenge by submitting a video less than three minutes in […] [Read More]

Though many were expecting used prices to decline toward the end of March, rates remained high, and they aren't expected to drop until later this month. According to NADA Used Car Guide’s latest Guidelines report, this indicates prices won’t fall off during the first few weeks of April. Jonathan Banks, NADA UCG executive analyst, said […] [Read More]

The lists of used vehicles most researched in March at NADAguides.com as well as Kelley Blue Book’s website reinforced how diverse the customer base is that dealers are trying to serve nowadays. Among the top 10 most-researched used models at NADAguides.com, the first three models were full-size pickups, led by the Ford F-150, then the […] [Read More]

In addition to dissecting April’s “plentiful” new-car incentives and lease deals spurred by the need to move inventory in preparation for the arrival of new vehicles, Cars.com said in an analysis this morning that special manufacturer promotions have driven leasing levels that approach all-time highs. “Relatively slow sales pace in the first quarter of 2014 […] [Read More]

If you have an idea for a car or truck industry discussion topic, the National Automobile Dealers Association is taking proposals for workshops for the 2015 NADA-ATD Convention now through May 2. The deadline to submit is 5 p.m. EST on May 2. NADA is expecting thousands of dealers and their employees to attend in […] [Read More]

New York’s attorney general recently announced 10 repossession agencies will not repossess vehicles at the request of title-loan companies that Empire State officials believe might be booking illegal contracts with consumers. The agencies that were party to the agreement with attorney general Eric Schneiderman included: —Advanced Recovery of New York (Rochester, N.Y.) —ALSCO of Buffalo […] [Read More]

DealerRater appointed a 30-year automotive industry executive and former senior vice president at J.D. Power to the newly created position of chief executive officer. Accepting the role today is Gary Tucker, who will be responsible for leading the company through its next phase of growth, building on DealerRater’s consumer review and content marketing disciplines. DealerRater […] [Read More]

Hyundai Hope on Wheels — Hyundai Motor America’s pediatric cancer nonprofit organization — announced this week a $2 million research grant award to fund the Children's Oncology Group's  Project:EveryChild. As a part of Project:EveryChild, Hyundai's funds will help in the collection of biospecimens from children with cancer at COG institutions around the country, the company […] [Read More]

In the March TradeTracker Used Vehicle Market Report, the Ford F-150 once again topped the list as the most appraised vehicle in Canada. The truck has come out on top every month this year so far, and of course, holds the title of the most appraised vehicle year-to-date. The pickup truck was also the most […] [Read More]

Manheim determined wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose 0.9 percent in March versus a month earlier. This movement resulted in the Manheim Used Vehicle Value Index reading coming in at 124.4 for the month, an increase of 2.2 percent for the first quarter, and a rise of 3.3 […] [Read More]