Though auction values remain a bit lower than they were during the same period last year, the industry has seen small price climbs in the lanes for the past few weeks. And when talking about auction action last week, Black Book’s Ricky Beggs said "the strength continues!" During the NAAA/CAR event last week, Beggs said […] [Read More]

If a customer arrives on your lot and plans on spending about $10,000 for a used car, a new list from Cars.com may provide you some marketing ammo to help explain why your used cars stands out from the rest. Editors with the site have listed their top 10 used cars recommended for consumers shopping […] [Read More]

AutoNation appointed a new independent director to its board late last week. Joining the leadership team is the president of ESL Investments — AutoNation's largest stockholder — Mike Mikan. “We are very pleased to have Mike join the AutoNation board,” said Mike Jackson, AutoNation’s chairman and chief executive officer. “Mike brings a wealth of operational […] [Read More]

In conjunction with National Nutrition month, Longo Toyota — Auto Remarketing’s 2012 CPO Dealer of the Year — revealed late last week, it will be kicking off Wellness Wednesdays this March, as part of the dealership’ Wellness and Fitness Program for its team members. The Wednesday evening events will include the nutrition classes, yoga, zumba […] [Read More]

To reinforce what the company can do for its dealer customers, ADESA recently produced a video highlighting how used-car managers can leverage several solutions to keep them at the store to do what they do best — retail more vehicles. ADESA senior vice president of dealer services Tim Zierden emphasized that one of the company’s […] [Read More]

NADA Used Car Guide director of dealer services Stu Zalud is out to help store managers through a free webinar this week titled, “Optimizing the Power of Your Data.” Zalud explained the session is geared to teach dealers and managers how to protect and leverage the data they already have to improve their stores effectiveness […] [Read More]

Brasher’s is set to celebrate 35 years in Sacramento with an upcoming special two-day anniversary sales. Brasher’s Sacramento Auction will hold the celebratory event on March 18 and 19. What’s in store for attendees? First, the event will kick-off with Brasher’s Live! on Monday night, “when the auction will entertain customers at an elegant dinner […] [Read More]

Late last week, FirstLook Systems unveiled its latest Cutting-Edge Practice Series: Retail Performance Management. The new series is designed to help general managers, dealer principals and used-car markets boost their used retail operations through its insight on best practices and techniques. [Read More]

RALEIGH, N.C. — FNI Inc. — a collateral protection and consumer benefit program product and compliance agency for auto finance providers — designed what the company believes is the industry's first GAP offering bundled with a vendor and product management solution for compliance with the Consumer Financial Protection Bureau. To create the solution, FNI explained […] [Read More]

DETROIT — Despite being the only financial institution to fail recent stress tests administered by the Federal Reserve to gauge ability to weather a severe recession, Ally Financial finished 2012 as the market leader for all auto financing, according to data from Experian Automotive. Ally took the No. 1 spot back from Wells Fargo during […] [Read More]