To gauge which brands will stand out in respect to used sales this year, analysts are taking a look at expected lease maturities as a predictor. In this case, a brand to keep an eye on in 2014 might be Cadillac. Joe Spina, the director of used-car analysis at Edmunds.com, explained that during the first […] [Read More]

CarMark Certified, which changed to a new administrator earlier this month, announced recently that it is revamping its certified warranty program, adding new features and benefits that will make the program more appealing to dealers and consumers alike.  This new program is to be announced by the end of 2014’s first quarter, said Bill Zadeits […] [Read More]

The J.D. Power 2014 U.S. Avoider Study showed that new technology offerings in vehicles are more important to new-vehicle buyers who purchase domestic models versus import vehicle buyers. The study determined 38 percent of those buying domestic vehicles cite the latest technology features as a reason for their purchase, compared with 33 percent of import […] [Read More]

The National Auto Auction Association revealed the dates it will conduct the Auction Standards Training Program throughout this year. The first of the two-day sessions will take place at ADESA Toronto on Jan. 30 and Jan. 31. Other times and locations include: —March 26 and 27 at Manheim Orlando: Damage Analysis Overview & Structural Damage […] [Read More]

Holman Automotive and fleet services provider ARI raised almost 30,000 this fall through a variety of charitable efforts. Officials explained the two partnered to raise $29,000 through October, November and December of last year. These initiatives included a variety of charity walks, participation in the global “Movember” movement and donations to the Food Bank of […] [Read More]

Toyota sold more than 370,000 certified pre-owned vehicles in 2013. One sale in particular, however, was fairly momentous for the automaker — and for the lucky customer. In December, Jose Ortiz of Ypsilanti, Mich., bought a certified 2010 Toyota Matrix from Dunning Toyota in nearby Ann Arbor.   This marked the 4 millionth CPO vehicle […] [Read More]

In a collaborative effort spanning the wholesale business, Auto Auction Services Corp. announced that it will be providing AASC members a new industry standard for vehicle condition data reporting — developed in partnership with Manheim — that is designed to foster consistency throughout the auction industry. Thanks to a deal with the National Auto Auction […] [Read More]

According to at least one respected industry observer — Manheim's Tom Webb — the major cause of an auto loan delinquency remains a job loss. And Fitch Ratings' latest analysis of the labor market showed a rebound in a nationwide employment is not proceeding quickly enough to drive a significant pick-up in U.S. economic growth. […] [Read More]

One of the founders of Exeter Finance Corp. resigned his position late Monday as chief credit officer to pursue a new business venture, according to a company announcement. Exeter said Daniel Parry will serve in a consulting role to ensure a smooth transition during the next few months as Karyn Lentz takes over as chief […] [Read More]

As TransUnion projected that new-vehicle leasing volume should continue to strengthen, Swapalease.com reported that lease credit approvals improved slightly as 2013 closed. The site determined December’s approval level came in at 73.3 percent, compared with the November reading of 70 percent. Officials noted the overall approvals rate on the year finished at 72.7 percent, compared […] [Read More]