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]

After months of declines, used-car prices showed a small increase in July, with the larger sedan segments leading the pack. Wholesale values saw an increase of 1.2 percent this past month when compared to June, according to the latest RVI Market Update. The year-over-year climb was even larger, showing prices up by 3.9 percent. And […] [Read More]

Double-digit growth in new-car sales tends to free up bucketfuls of used cars to enter the market, as these owners find new homes for their former rides. That certainly appears to have been the case in July. More than a quarter million instant trade-in offers were produced last month through AutoTrader.com’s Trade-In Marketplace, the site […] [Read More]

Late last week, General Motors informed the National Highway Traffic Safety Administration that the automaker will recall 292,879 Chevrolet Cruze sedans from the 2011 and 2012 model years in the United States. Spokesperson Alan Adler indicated in a message to Auto Remarketing that the recall came because of a potential intermittent loss of brake assist […] [Read More]

Professional, personalized price quotes in minutes — that’s the goal of a new dealer solution just announced by Digital Air Strike. Dubbed Response Logix Smart Quote 3.0, the new online quoting system can help auto dealers ensure that each potential customer receives a personalized price quote within minutes, the company said. Features of Smart Quote […] [Read More]

The American International Automobile Dealers Association and CNA National are teaming up for a webinar this week that will focus on increasing efficiency in dealership accounting offices. The free webinar, titled “Dealership Dollars: Managing Your Accounting Practices with Back Office Consolidation,”  is scheduled for Aug. 21 at 1 p.m.   “This webinar will help dealers […] [Read More]

PHOENIX — Despite a 20.7-percent increase in total revenue and an 18.3-percent jump in unit sales, DriveTime Automotive Group explained why its gross margins still softened during the second quarter. According to reports filed with the Securities and Exchange Commission, DriveTime's revenue came in at $364.8 million, and the company's 104 dealerships turned 17,357 vehicles. […] [Read More]