It seems as gas prices are returning to more normal levels as summer wraps up, consumers may be losing interest in fuel-efficient vehicles. Black Book’s Ricky Beggs says falling gas prices have sped up fuel-efficient vehicles’ wholesale depreciation in the recent weeks. [Read More]

Reynolds and Reynolds has purchased digital marketing company IMN, a firm that provides that provides branded newsletters and content for the auto industry and other vertical markets. With the acquisition, Reynolds now has the services of IMN as part of its digital marketing and ad services for the auto industry —  which gives Reynolds the chance […] [Read More]

ADESA’s Tom Kontos explained why he noticed wholesale prices still dipped a bit last month but not to the extent they did in June. According to ADESA Analytical Services’ monthly analysis of wholesale prices by vehicle model class, wholesale used-vehicle prices in July averaged $9,435, which was down 1.3 percent compared to June and 1.3 […] [Read More]

A quarter-century is a long time, and ServNet leaders believe they’ve made the most of those years. Now, as two longtime board members prepare to step down, they reflect on the group’s growth. “In observing our 25th anniversary year, we have with great pride recognized ServNet’s tremendous growth since its founding in 1988,” said president […] [Read More]

More shoppers than ever visited AutoTrader.com from a smartphone in July, setting a new record in the company's history. On Monday, site executives reported that more than 2.1 million unique visitors interacted with AutoTrader.com from a smartphone during the month, a figure that represents a 60-percent increase year-over-year. AutoTrader.com's mobile properties include a robust mobile […] [Read More]

CarProof, one of Canada’s largest vehicle history report providers, announced Monday the sale of a minority stake in the company to an American-based private equity investment firm.   The new minority stake holder is San Francisco-based Hellman & Friedman, which has offices in London, New York and San Francisco. Ed Woiteshek, a director at Hellman […] [Read More]

At its fourth annual Benefit Auction and Dinner earlier this month in San Clemente, Calif., the Active Auctioneers Foundation doled out awards honoring several leaders in the industry, including an award for Auction House of the Year. The event also raised a record amount of money, with proceeds going to members of the auction community […] [Read More]

In an update posted to the National Auto Auction Association’s website last week, NAAA chief executive officer Frank Hackett said the date on which the changes to the Arbitration and Structural Damage policies become effective has been pushed back. They will now go into effect Oct. 13, instead of Sept. 1. “Since this is the […] [Read More]

Based on the first 15 days of the month, CNW Research is projecting that August will be a “solid” month for used-vehicle sales. The combination of retail metal turning at franchised and independent dealerships as well as private-party transactions should push this month’s total at least 3 percent higher versus year ago. According to CNW’s […] [Read More]

As just one part of Auto Remarketing’s “Best in Pre-Owned Performance” issue this spring, we shared the top-selling dealers in four specific states – California, Florida, Ohio and Texas – based on 2012 full-year used retail sales data provided by Cross-Sell Reports, a division of Dominion Dealer Solutions. This time around, we take those same […] [Read More]