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]

Tax season evidently helped the used-vehicle sales market rebound nicely as the first quarter closed. CNW Research reported monthly used-vehicle sales surpassed 3 million units for the first time this year as analysts computed the March figure came in at 3.088 million. That figure represents a gain of more than 50 percent from February’s sales […] [Read More]

Manheim Consulting indicated new-vehicle leasing increased by more than 10 percent year-over-year during the first quarter, marking the eighth quarter in a row the market penetration rise has been by at least that amount. During his quarterly conference call on Monday, Manheim chief economist Tom Webb explained how that development might be pointing toward another […] [Read More]

Ford announced two separate recalls on Monday, totaling more than 400,000 units in the U.S. and Canada. By far the larger of the two campaigns is for 385,762 Ford Escape vehicles from the 2001 through 2004 model years. Ford is making the recall to address a potential subframe corrosion issue that may cause the lower […] [Read More]

Vincentric announced its 2014 Best Fleet Value in American award winners on Monday. Two domestic manufacturers — General Motors and Ford Motor Co. — led the pack with eight award-winning vehicles each. Toyota and Nissan also came out in front, with both company bringing home five Vincentric awards. Rounding out the leaders, Chrysler was presented […] [Read More]

First it was 67 percent. Then it was 71 percent. And finally, this past week, auction prices are still on the way up even as tax season approaches closure. Last week, according to Black Book data, the level of price changes that were increases came in at 77 percent. Ricky Beggs, Black Book editorial director […] [Read More]