Though many would consider odometer rollbacks to be a consumer issue, data reported by Carfax on Monday suggests that rollbacked vehicles are showing up as dealership trade-ins, as well.  Carfax released data that suggest odometer fraud is still a very present issue — one that can present problems for consumers and for dealers securing inventory, […] [Read More]

Ackroo revealed this week that intrest in its DealerCard loyalty solution continues to grow. It has been selected by two major Canadian automotive dealer groups and a U.S.-based dealer group to power their dealer group loyalty programs. The addition of these new dealer groups brings the total number of dealerships supported by Ackroo to 74 […] [Read More]

The trend of consumers keeping their vehicles longer that began during the last recession is only expected to accelerate in the next five years, according to CNW Research president Art Spinella, who pinpointed the lease market as a vital tool for automakers and dealers in keeping customers coming back to the dealership. This is particularly […] [Read More]

Cars took their place among discounted electronics and holiday deals during the biggest shopping weekend of the year, but dealers may not have actually seen many of these shoppers show up on the lots. According to Dataium’s annual Holiday Auto Shopping report, mobile shopping on Black Friday continued to be a rising trend. In fact, […] [Read More]

Manheim chief economist Tom Webb rattled off the four ingredients that usually combine to create a significant drop in wholesale prices. All four apparently presented themselves in November, but the Manheim Used Vehicle Value Index ticked up for the fifth time in the past six months. Before going into his explanation for why it happened, […] [Read More]

Recently, I was invited to attend an automotive remarketing conference to chair two roundtable discussions titled, “As the Market Turns — What's Your Game Plan?” It was the underlying view that the supply-demand curve will weaken as used-car volume, fueled by the increased numbers of new car trades, flood the market. The prediction for the […] [Read More]

When recapping reports from contacts detailing used-car activity in their respective regions, the Federal Reserve’s latest Beige Book described the used-sales market in the latest reporting period as “mixed.” Starting off with insight from the Second District (New York), the report summed up used sales as “soft,” but did offer some silver linings, one of […] [Read More]

DamageMAX, a buyer of damaged vehicles, recently completed a comprehensive analysis on the impact of salvage title brands on repaired and damaged vehicles, arriving at three important findings and four proposed recommendations. For the study, the company reviewed more than 5 million wholesale vehicle transactions through June of this year to identify trends in value […] [Read More]

For promoting healthy lifestyles among its employees and communities, Manheim has been presented the Corporate Wellness Award by the HeartBright Foundation, a Charlotte, N.C.-based organization that provides healthy lifestyle education for the community, and funds cardiology programs in economically disadvantaged communities. “Manheim is a leader in offering health and wellness programs to its employees,” said […] [Read More]

Late Thursday evening, ALG honored the brands that ranked the highest for perception of value in Canada with Mercedes-Benz topping the list. But the annual awards have a different face this year. ALG has upgraded and re-launched the metric for automakers to compare the perceived quality of its brand and the effect on residual values. […] [Read More]