Both seasonality and increasing used supply are pushing wholesale prices down, according to Black Book’s Ricky Beggs. This past week, the car segments experienced their largest average price decline since September, when they began 12 straight weeks of large price drops. Beggs, editorial director and senior vice president of Black Book, poses the question: Could […] [Read More]

In a tie for seventh last year, Mercedes-Benz boosted its customer satisfaction score by 4 percent and took the lead in the American Customer Satisfaction Index rankings, which were released today. The 2013 Auto Industry report from ACSI measures how satisfied customers are with different nameplates that run the gamut from domestic to import and […] [Read More]

NADA MarketValues — a mobile app designed for dealers to make informed pricing decisions on used cars and light trucks at auction — is now available for Android devices on Google Play. NADA Used Car Guide reiterated that the app, which was launched earlier this year, can provide subscribers with unlimited lookups by VIN scan […] [Read More]

With the start of another school year for thousands of students, Manheim announced on Monday that it is beginning another year supporting dealer education and training by expanding The Wholesale Institute (TWI) curriculum. In addition to its popular online wholesaling workshop, Manheim highlighted that it folded the Remarketing Training program (MRT) under the TWI umbrella, […] [Read More]

Auto/Mate Dealership Systems announced this week the full integration of its AMPS Dealership Management System with yet another vendor, providing real-time data exchange between the two systems. Dealer-FX is the most recent vendor to integrate its automotive retail marketing and software solutions with AMPS as part of Auto/Mate’s Open/Mate program. Dealer-FX offers auto dealers service […] [Read More]

Toyota Canada recently announced it has come to an agreement to settle economic loss litigation in Canada related to Toyota recalls in 2009 and 2010 regarding unintended acceleration. The company said “turning the page on this legacy legal issue is in the best interests of the company, employees, dealers and, most of all, customers.” According […] [Read More]

Automotive digital marketing company Strathcom Media recently promoted a new way for Canadian dealerships to increase their online exposure. With its new syndicated data service, the company says dealers can  “increase the online exposure of their inventory without increasing their budgets.” The Used Cars Canada (UCC) Network (usedcarscanada.com), allows dealerships to post their vehicle inventory […] [Read More]

After decreasing most of the spring, prices in the auction lanes have begun to rise this summer — pushing prices up on the lots slightly, as well —  much to the chagrin of dealers and buyers. That said, it seems they shouldn’t worry too much. In August, the prices for late-model used vehicles on Cars.com […] [Read More]

Manheim chief economist Tom Webb pointed to a series of summertime reports and other consumer trends that show middle-class and lower-income individuals — the primary potential buyers of used vehicles — are continuing to be pinched by a wide array of economic conditions. In this month’s Auto Industry Brief produced by Manheim Consulting, Webb recapped […] [Read More]

Some important landmarks are being celebrated this year in the auto auction business.  For one, it was 75 years ago that the nation’s first, Rawls Auto Auction, opened its doors. The National Auto Auction Association, meanwhile, is commemorating its 65th year. We showcase these milestones and more in the Sept. 1-14 print edition of Auto […] [Read More]