The amount of vehicles from the 2013 model-year that entered the auction market last month climbed 24 percent, according to NADA Used Car Guide, which said this led to a slight increase in overall AuctionNet transactions for September. Specifically, the AuctionNet auction volume for 2013 model-year vehicles was at 37,095 units for the four-week period […] [Read More]

DataScan Technologies said Wednesday it has partnered with Appian to offer new business process management tools for the newly released Wholesale Management System 4.x software. With the rollout of this new WMS software, DataScan said it provides “the power, flexibility, and modern mobile and social features of the award-winning Appian Business Process Management Suite.” [Read More]

General Motors said on Wednesday that it is recalling 18,972 Chevrolet Silverado and GMC Sierra Series 1500 full-size pickup trucks from the 2014 model year in the United States. The automaker pointed out these trucks have manual front seat reclining seatbacks that might fail to meet a federal safety requirement for dynamic performance if struck […] [Read More]

Though the end of summer brought a respite from the spiking wholesale prices that dealers have suffered all year, it seems rates are on the upswing once again.   According to ScotiaBank’s Global Auto Report, Canadian used-car prices “picked up” in early October. The report also shared some factors behind the price increases, that may […] [Read More]

Manheim’s Tom Webb looked to ease remarketing executives who might be anxious about how complicated their jobs could become as off-lease volume surges next year and beyond by saying this: it’s not 2002. Webb pointed to a host of reasons why the remarketing divisions of captive and commercial lessors are in much better shape to […] [Read More]

Next year could be the new-car market’s best since 2006, with the latest projections from Edmunds.com calling for 16.4 million sales — not to mention, an expected 300,000 additional lease returns that should account for roughly a third of the overall sales growth. “The average age of all light vehicles on the road climbed to […] [Read More]

It seems seasonality that normally pushes higher price declines in the lanes  had not come into play this past month. According to Black Book date, used vehicles from model years 2008-2012 depreciated an average of 1.3 percent in September, making no change from August’s rate of decline.   [Read More]

The board of directors for the National Automobile Dealers Association has elected the NADA chairman for 2014. Chosen for the post during an election at NADA’s board meeting in Santa Barbara, Calif., was Forrest McConnell III, owner of McConnell Honda/Acura in Montgomery, Ala. McConnell represents Alabama’s new-car dealers on NADA’s board and will become the […] [Read More]

Faster VIN scanning and valuations are the name of the game for a new product launched by DealersLink. Announced this week is the company’s newest release of the FastBook Mobile VIN Scanner App and cloud-based booking tool for auto dealers. Using FastScan technology, the company says FastBook Mobile scans vehicle VIN barcodes and QR codes […] [Read More]

Consumer reviews of auto dealerships are now being used to rate auto manufacturer’s customer service, in a new report announced by DealerRater this week.   DealerRater introduced the Consumer Rating Index Report, which the company says recognizes auto manufacturers for top-rated customer service, as expressed through consumer reviews of dealerships posted on DealerRater’s website. The […] [Read More]