Nearly every single one of the roughly three dozen brands included in Autodata Corp.’s listing of certified pre-owned sales figures showed a year-over-year increase in their respective CPO numbers, including two that had their best-ever months. Both Kia (3,197 CPO sales, up 82.8-percent year-over-year) and Subaru, (3,275 certified sales, up 63.8 percent) achieved their strongest […] [Read More]

Auction officials are calling ABC Baton Rouge’s Grand Opening Sale a “major success.” At the July 18 sale, there was a conversion rate of 88 percent  for fleet and lease, with a dealer consignment sale conversion rate of 63 percent. Jason Hockett, president at Auction Broadcasting Co. president,  “The Grand Opening sale at ABC Baton […] [Read More]

In advance of this morning’s conference call with investment analysts, KAR Auction Services reported its second-quarter performance Tuesday, highlighting a 40-percent gain in net income among other increases. For the quarter that ended June 30, KAR generated $541.4 million in revenue, up 11 percent from $487.9 million posted in the second quarter of last year. […] [Read More]

In two recalls announced this week, Nissan will be pulling certain model-year 2014 Versa Note vehicles which make up over 13,000 units because of possible problems with bolts installed on various areas of the vehicles. First up, in an action that affects 7,782 units, the company will be recalling certain model-year 2014 Versa Note vehicles […] [Read More]

As Auto Remarketing prepares for its next “Spotlight on Commercial Consignors” as a part of its National Auto Auction Association Convention print issue, two of those operations — GE Capital Fleet Services and FLD — shared their newest achievements. On Tuesday, GE Capital Fleet Services announced a major milestone with the sale of its 100,000th […] [Read More]

Finance management system provider DealerCentric Solutions on Tuesday rolled out what it’s calling ID Drive, a patent-pending identification scanner technology aimed at giving dealerships protection against fake IDs and identity theft. Developed in partnership with AssureTec Technologies, DealerCentric believes ID Drive can provide dealerships the same, state-of-the art protection used by the Department of Homeland […] [Read More]

DETROIT — As a part of Ally Financial's "Success Stories" campaign, which celebrates the dealers and their leadership in the communities they serve, the company is ramping up its efforts to provide brochures and other documents in both English and Spanish. Ally already has converted all of its auto finance brochures and a number of […] [Read More]

ATLANTA — CAR Financial Services opened a new office in St. Louis, marking its 17th domestic office plus two international locations. CAR president Rick Potter highlighted expansion plans are in full gear and more offices are set to open later this year and early in 2014. "We are expanding into territories that have historically been […] [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute indicated total bankruptcy filings in the United States for July decreased 10 percent compared to the previous year, keeping the pace at the lowest rate the industry has seen in five years. According to data provided by Epiq Systems, July bankruptcy filings totaled 87,684, down from the 97,287 […] [Read More]

Fiserv’s Craig Carrow has a list of five keys to successful remarketing, four of which deal with topics like lower turn time, increased returns, lower operational costs and streamlined operational processing — all of which are fairly timeless in terms of their importance. [Read More]