Black Book highlighted that its latest used-vehicle depreciation data, coupled with this year’s harsh winter, will push certain seasonal sales into April, possibly extending the tax seasons for dealers and finance companies that cater to subprime buyers. Analysts reported this week that used vehicles from the model years 2008 through 2012 depreciated by 0.3 percent […] [Read More]

The newest details shared by General Motors about its recall investigation turned up several noteworthy developments — suspended engineers, ignition lock cylinders and a $1.3 billion charge to its first-quarter accounting ledger. On the same day the OEM made an addition to the repair order associated with the recall, increasing its costs for campaigns so […] [Read More]

 Greater Milwaukee Auto Auction announced recently that the auction has rolled out a new reconditioning facility. The on-site recon facility includes three long wash lanes, a five-car service department, a full body shop, auto upholstery services and corporate offices for its fleet consignors. The auction has now expanded to 35.5 acres. “We have separate fleet […] [Read More]

The American Bankruptcy Institute reported that total bankruptcy filings in the United States decreased 12 percent in the first quarter compared to the same period last year. According to data provided by Epiq Systems, bankruptcy filings totaled 231,647 in the first quarter, down from the 263,635 filings registered in Q1 of 2013. ABI indicated total […] [Read More]

It seems wholesale price spikes may be slowing down this week after March and early April showed strong retention across most segments. This week, NADA Used Car Guide is predicting prices to remain unchanged — holding steady at an average of $17,350. In terms of gains, the biggest percentage increase will be seen in the […] [Read More]

ADP announced this morning that it plans on spinning off its Dealer Services business. The company said in a statement that its board of directors approved a proposal to separate the Dealer Services unit into an independent publicly traded company; this will be done via a tax-free spinoff of the entirety of Dealer Services to […] [Read More]

Awarded during a ceremony at the recent 2014 Auto Remarketing Canada conference, the International Automotive Remarketers’ Alliance (IARA) in Canada announced this morning the recipients of the Annual Remarketer of the Year and two Industry Icon Awards. This year’s Remarketer of the Year is Doug Collis, remarketing sales manager at Ford of Canada. The award […] [Read More]

It’s been said that, "business success comes with being receptive to change." What changes at car dealerships would increase sales? Changes range from who is buying, what’s being sold, to technology, safety and design features, new styles and designs, and certainly new methods and ways to sell, buy and research cars. Women shop and buy […] [Read More]

Due largely to implications of winter weather, auction sales volume for units up to 8 years old in March was down 1.8 percent month-over-month despite gains in some model-year classes, according to the latest Guidelines report from NADA Used Car Guide. For the first quarter, however, there was a 1.5-percent year-over-year increase, as the transaction […] [Read More]

When choosing their next car purchase, consumers are often looking for the vehicles that will run as smoothly as possible and cause them the least amount of headache. According to the results of CarMD.com Corp.’s 2013 CarMD Vehicle Health Index and Manufacturer & Vehicle Reliability Rankings released Wednesday, Hyundai has risen to the top in […] [Read More]