KAR Auction Services has announced its vice president of enterprise optimization. Promoted to the role effective immediately, company officials announced on Tuesday, is Stacey White. White most recently served as director of process improvement and cost management for KAR, and recently added responsibility for its sourcing and procurement division to her duties. She joined the […] [Read More]

The concept of your local Costco as a resource for car-buying in addition to being a market’s goods-in-bulk outlet is not a new one. In fact, the Costco Auto Program has been around in one iteration or another for more than two decades. But in the last few years, the program has expanded to include […] [Read More]

Many may see radio advertising as a thing of the past, but with new technology comes new opportunities. With Pandora Internet radio and satellite radio offerings bringing drivers various music and radio programs mostly commercial free, the ads that do run are bound to grab some attention. A group of Arizona dealers is capitalizing on […] [Read More]

CNW Research indicated that the days’ supply of used vehicles is moving up this month, topping 50 days for only the second time in more than two years. According to the firm’s February edition of its Retail Automotive Summary, the current level also is 13 percent higher than February of last year, "But well within […] [Read More]

The tax season may be contributing to a strong market in the lanes, says Black Book’s Ricky Beggs. The word from dealers last week at auction? “Busy buyers with sellers trying hard.” Beggs explained the market was strong and active, as Black Book ended up adjusting the values of more than 2,040 vehicles per day […] [Read More]

Dealers — particularly franchised stores — are expected to show growth in their used-car departments this month, but the same can’t be said for private-party sales, which are expected to fall nearly 10 percent year-over-year, according to CNW Research. The firm’s latest Retail Automotive Summary explains how changing consumer behavior and the dealer’s approach to […] [Read More]

In developments that likely will affect many repossession agencies, lenders’ recovery departments and repo units coming down the lanes, the American Recovery Association and National Finance Adjusters merged into one trade association today. Officials explained the new trade association will move forward under the name of the American Recovery Association. As part of the comprehensive […] [Read More]

The National Auto Auction Association is hosting a free webinar for its members on how to navigate the requirements of the Patient Protection and Affordable Care Act. The nearly three-year-old federal legislation better known as ObamaCare will be dissected by: —Kevin Kuhlman, manager legislative affairs at the National Federation of Independent Business —Bob Graboyes, senior […] [Read More]

A newly-launched Manheim product offering advanced mobile bid and buy options is already earning kudos in the technological world. Manheim this week announced its win of the Product Launch of the Year award for its new product Simulcast on Mobile, from the Technology Association of Georgia Product Management Society. Simulcast on Mobile allows dealers to […] [Read More]

CHARLOTTE, N.C. — It was a busy year in the F&I office at Sonic Automotive dealerships, as the retailer increased revenue in the finance, insurance and other category by nearly 20 percent in 2012. Sonic closed the year by pushing up F&I revenue 18.4 percent year-over-year in the fourth quarter, pulling in $64.69 million. For […] [Read More]