Ford announced six more recalls of late-model vehicles, totaling more than 240,000 vehicles. The largest of the campaigns covers 159,395 units — the Ford Focus ST and Escape from the 2013 and 2014 model years. These North American vehicles are equipped with the 2.0-liter engine. Blue Oval officials explained that in some of the affected vehicles, […] [Read More]

National Auto Auction Week, a celebration of the auction industry and a time of thanksgiving for facilities across the country, kicks off Monday and runs through Friday. In a letter to National Auto Auction Association members posted to the organization’s website, NAAA president Jack Neshe reflected on what this week means for the industry and shared […] [Read More]

Auto Remarketing’s annual National Auto Auction Association Convention Issue is just around the corner, and we are once again inviting NAAA-member auctions to participate in our “Auction Life” feature. This special section of our NAAA Issue will include photos from auctions across the country, sharing bits of the day-to-day life from the past year at […] [Read More]

This week, TrueCar and the National Education Association (NEA) partnered to launch a vehicle-buying program designed to provide savings for NEA members and educators. Officials highlighted that through the NEA Auto Buying Program, the NEA's 3 million members will gain access to upfront pricing information and guaranteed savings off the manufacturer's suggested retail price (MSRP) […] [Read More]

Along with a climb in total outstanding balances that’s now reached 13 quarters in a row, it’s also been nearly eight years since the auto finance industry generated this much paper in a single quarter. The Federal Reserve Bank of New York’s Q2 2014 Household Debt and Credit Report showed auto loan balances climbed by […] [Read More]

Seasonality took a turn last month — with used price trends resembling those normally seen in later fall, not the dead of summer. That’s according to the latest Guidelines report from NADA Used Car Guide, which stated prices on vehicles up to 8 years in age fell by 3.5 percent on a monthly basis in […] [Read More]

Used-car price changes may be varied this week, as NADA’s AuctionNet data shows expected segment movement will range from a drop of $350 to a slight $25 spike in price. But leading the declines, according to NADA, will once again be the luxury cars — a segment that has seen weak retention as of late. […] [Read More]

With over 200,000 off-lease vehicles set to hit the remarketing channels this year, KAR Auction Services has much to look forward to, both in its online and physical auction channels — an environment company management said is “full of opportunity” during the company’s presentation at the J.P. Morgan 2014 Auto Conference. But others in the […] [Read More]

The momentum on the acquisition front continues to develop for Canada’s largest publicly traded dealer group. AutoCanada just announced across-the-board financial growth in its second-quarter conference call last week, and it has already added to the mountain of acquisitions made in the first half of the year with this week’s addition of Tower Chrysler in […] [Read More]

With rumors of expanding used supply on the horizon, as well as more palatable used-car prices, The Used Car Dealers Association of Quebec, known as AMVOQ, (Association des Marchands de Véhicules D'occasion du Québec),  is launching a certified pre-owned program for the province’s independent used-car dealers. The new program — AMVOQ Certified Pre-Owned — will […] [Read More]