The depreciation in auction values leveled off significantly in the past month — but don’t expect this “calm” period to last too much longer. Kelley Blue Book said in a report released Thursday that seasonality and increased supply will lead to lower prices in the lanes and quicker depreciation. In the August issue of its […] [Read More]

Automotive cosmetic reconditioning firm Dent Wizard International this week announced a newly-created position, and the man for the job. Promoted to the role of director of operations is Steve Carpenter, who previously served as regional operations director for Dent Wizard’s Southeast region.  In his new position, Carpenter will be involved in strategic planning as the […] [Read More]

With the college football season cranking up in earnest this weekend, Cars.com released its annual list of top tailgating vehicles while Hyundai highlighted its advertising campaign revolving around pigskin on campus. Experts from the Cars.com evaluated a gamut of vehicles, big and small, to determine which have the most to offer the serious tailgater. “With […] [Read More]

The New York/New Jersey/Connecticut chapter of the National Vehicle Leasing Association is hosting a golf outing, dinner and charity raffle drawing in honor of the colleagues who have been instrumental with the association and the industry who are no longer alive. Organizers said members and non-members are invited to attend the event on Sept. 25 […] [Read More]

Edmunds.com is putting car buyers behind the wheel — literally. The company announced this week it is accepting applications to temporarily hire six current compact car shoppers and educate them on the purchasing process, in a program dubbed the Connect & Drive Experience.   The six shoppers will work from Edmunds.com headquarters in Santa Monica, […] [Read More]

NEW YORK — Fitch Ratings reported this week that losses on both prime and subprime U.S. auto ABS rose in July following lows seen earlier in the spring. Despite the increase, analysts indicated used-vehicle values have stayed strong in the past two months. "Additionally, overall asset performance remains strong heading into the softer fall months […] [Read More]

BENTONVILLE, Ark. — This week, America's Car-Mart opened the 127th dealership in its network of buy-here, pay-here stores. And it's nearly certain the vehicle in inventory will be equipped with a GPS device, a practice the company hesitated in doing until recently. Car-Mart president and chief executive officer William "Hank" Henderson explained the company's methodology […] [Read More]

ATLANTA — According to Equifax's latest National Consumer Credit Trends Report, new credit for auto originations between January and May of this year soared to an eight-year high, producing an increase of more than 15 percent from same time a year ago. Equifax also indicated the total number of new loans during that span came […] [Read More]

CENTREVILLE, Va. and ATLANTA — It's eight years and counting for one automotive partnership, which benefits some 20,000 dealers nationwide in advertising their inventories. AutoTrader.com and Carfax this week announced the renewal of their eight-year partnership that allows dealers to include Carfax Vehicle History Reports on their AutoTrader.com listings. The agreement impacts more than 27,000 […] [Read More]

Year-to-date auction volume through the first seven months of the year is up more than 5 percent from comparable weeks of 2012, according to the latest Economic Dashboard from the National Auto Auction Association, while the average price at auction is down 3 percent (for comparable weeks). The report — prepared by NAAA economist Ira […] [Read More]