MasterFiles executive vice president and skip-tracing expert Alex Price has scheduled his next round of free webinars to help repo agencies and recovery executives at finance companies. Price plans to cover what he explained as three types of tracing: micro-tracing, macro-tracing and skip-tracing. Price combines what he describes as old-school skip-tracing methods with new age […] [Read More]

Organizers of the next North American Repossessors Summit (NARS) hosted by the American Recovery Association selected an industry veteran with more than 40 years of experience to be the event’s emcee. Leading the gathering of recovery and remarketing professionals at the seventh annual event will be Ron Brown. NARS is set for March 12 through […] [Read More]

There were 2.11 million certified pre-owned vehicles sold in 2013, up from 1.83 million in 2012, and 2014 is expected to be an even bigger year for certified sales, with Manheim Consulting putting a target on the 4 million mark. Are you making the most of this growing market? To help dealers answer that question […] [Read More]

In-image advertising is another buzzword to hit the digital marketing world in recent years. But not all in-image ads are created equal. A large portion of in-image advertising, a form of advertising where specific images on a website are overlaid with display advertising, is focused on brand awareness and brand imaging. Ian Cruickshank, vice president […] [Read More]

As the public dealer groups began reporting their second-quarter performances in full force, Sonic Automotive revealed it reached an all-time high for used sales. The company sold a record 28,514 pre-owned units in Q2. Pre-owned units sales per store per month were up, as well, reaching 100 units in May and 93 units for the […] [Read More]

Dealers Auto Auction of Oklahoma City has a new general manager. Named to that role is Jon Reininger, who has been assistant general manager since March 2007. He began working at the auction in 2000. “We know our customers and employees alike applaud Jon’s promotion to general manager,” said auction owner Gary Smith.  “We have […] [Read More]

Many auctions have been ramping up their reconditioning facilities lately to better meet customer’s needs, and Manheim is no exception. In fact, Mike McKinney, regional vice president operations for Manheim, told Auto Remarketing the company has invested more than $8 million in capital investments in reconditioning facilities for the company’s operating locations since 2012. Rock […] [Read More]

Group 1 Automotive announced this week the acquisition of two dealerships located in Houston: Munday Chevrolet and Munday Mazda. The two dealerships, which will continue to do business with their current names, are estimated to yield $225 million annually. Earl Hesterberg, the president and chief executive officer of Group 1, believes the acquisition of two […] [Read More]

Experian Automotive announced this week that it will be working with American Honda Motor Co. to provide vehicle history reports for both Honda’s and Acura’s certified pre-owned programs. In order to be certified, pre-owned Hondas and Acuras will be further evaluated using Experian Automotive’s AutoCheck vehicle history reports, as part of the agreement between the […] [Read More]

Gas prices are on the way down again, and so are auction prices. Black Book’s Ricky Beggs pointed this trend out during his latest “Beggs on the Used Car Market” video report, which explained that the market is seeing traditional seasonal movement with price declines picking up during the first three weeks of July. And […] [Read More]