In an effort to connect with clients, CarProof Vehicle History Reports held its first Client Advisory Board meeting earlier this month. Held in Blue Mountain, Ontario, the company invited 40 of its top dealer, auction and corporate customers to attend the meeting. “Our loyal partners provided us with valuable insight that we intend to put […] [Read More]

A day after Sonic Automotive discussed its plans to roll out a network of stores solely dedicated to selling pre-owned vehicles, investment analysts wanted to know if Asbury Automotive Group is constructing a similar strategy. While Asbury’s leadership team on Tuesday discussed many segments of its used-vehicle operation, president and chief executive officer Craig Monaghan […] [Read More]

As fall got underway in September, a few segments and models stood out as particularly hard to find, according to the latest installment of vehicle scarcity date that is provided monthly to Auto Remarketing by AutoTrader.com. SUVs and some trucks populated the lists once again in September, and  another segment showed up that normally loses […] [Read More]

After a 16 day partial government shutdown ended last week, the effects on the economy as a whole may be evident — but the question of how the event has impacted the automotive industry is still a bit hazy. CNW Research tackled this very concern in its latest Retail Automotive Summary, but CNW president Art […] [Read More]

Though CPO sales are roaring along this year at an unprecedented pace, it is sometimes difficult for dealers and manufacturers to convey the value of a certified pre-owned vehicle through advertising. Why should I buy CPO rather than used? Why does it cost more? What are the benefits? These are all questions most dealers answer […] [Read More]

Fuel efficient vehicles have seen consistent declines in price this year, making hybrid and electric vehicles more affordable options for consumers. Vincentric shared this week that alternative-fuel vehicles are becoming more cost-efficient to own, as well. According to the results of its 2013 Hybrid Analysis, 13 of the 33 hybrid vehicles on the market were identified […] [Read More]

Two auctions within the ServNet family have recently made leadership announcements, as Pittsburgh Auto Auction appointed a chief financial officer and Plaza Auto Auction of Iowa named a sales manager. Starting with Pittsburgh, the auction’s chief executive officer Dave Angelicchio announced that Shelley (Angelicchio) Walker has taken on the CFO role, replacing Bob Bilinsk. Bilinsk […] [Read More]

RALEIGH, N.C. — FNI Inc., a collateral protection and consumer benefit program product and compliance agency for auto finance providers,  tackled what president David Bafumo believes are the top hazards to avoid when offering captive or preferred add-on programs. Bafumo began first by pointing out that properly selected and managed financial institution product programs can […] [Read More]

CHICAGO — This week,  TransUnion launched an enhanced credit information solution called CreditVision, what the bureau described as a new look in consumer credit data reporting that can allow for deeper insights into credit behavior for both businesses and consumers. In conjunction with this launch, TransUnion is offering a suite of CreditVision products, featuring an […] [Read More]

CARMEL, Ind. — On Tuesday, NextGear Capital appointed a new vice president of commercial accounts who previously worked in the salvage auction industry along with posts at Agero and ADESA. Taking on this new role with NextGear Capital is Bradley Walsh, who will be responsible for developing and implementing finance and service solutions for commercial […] [Read More]