For dealers trying to gauge just how much they will be spending in the lanes this month, NADA Used Car Guide's latest Guidelines report may be of particular interest. Though auction prices have been falling all spring, NADA expects that June’s rate of depreciation will be smaller than May’s decline of 2.1 percent. Dealers will […] [Read More]

On Tuesday, Edmunds.com released its third annual Best Retained Value Awards, which recognize the brands and new models that have the highest projected residual values after five years based on their average True Market Value price when sold new. The site highlighted that Jeep won in the non-luxury division with a projected 50.6 percent residual […] [Read More]

In a story that ran in Tuesday’s edition of Used Car Manager Weekly, we looked at NADA Used Car Guide’s projections that plug-in vehicle value retention would improve slightly in coming years but still trail the overall industry. Today, we dive further into NADA’s explanation on why plug-ins haven’t held their values as well and […] [Read More]

Mobile technology is here to stay. Projections show that mobile Internet use will surpass traditional desktop use in 2014. More than 25 percent of Internet users in the U.S. already say they are “mobile-only” and rarely go online using a laptop or desktop computer. As mobile phones and tablets are being used more and more […] [Read More]

After expanding in the U.S. at the close of its most recent quarter, Copart announced another acquisition on Tuesday, this time broadening its European footprint. Copart acquired Autoresiduos S.L., located in Cordoba, Spain. The company is a salvage valuation and marketing platform primarily serving the insurance markets in Spain. The company highlighted the Autoresiduos platform […] [Read More]

As a car dealer, you’ve been thoroughly trained on all steps of a sale from greeting through negotiation and final sale.  And, you apply these steps well.  But it’s a good bet that even armed with all of your knowledge and experience, there have been more than a few times when you found yourself wondering, […] [Read More]

MaxTradeIn — a free consumer website that aims to help owners trade in or sell their used vehicles at trusted local dealers that want another inventory source — finalized a deal on Tuesday for $1.2 million in seed money led by Elevate Ventures and private investors. Officials highlighted that MaxTradeIn has experienced rapid growth since […] [Read More]

SAN DIEGO — As the subprime vehicle finance industry continues to gain steam, organizers of Used Car Week 2013, presented by Auto Remarketing and SubPrime Auto Finance News, responded with a new event at one of the premier U.S. destinations. New to the slate of conferences is the SubPrime Forum, a two-day event that will […] [Read More]

MINNEAPOLIS — van Wagenen Financial Services rolled out two new insurance products aimed at boosting its offerings to both dealers and lenders. Aimed at riding the rapid growth trajectory with the subprime lending market, van Wagenen released a point of sale insurance product for lenders and buy-here, pay-here dealers. The company believes the offering can […] [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute found that total bankruptcy filings in the United States for May decreased 12 percent year-over-year. Drops at that level or higher have been reported during four of the first five months of 2013. According to data provided by Epiq Systems, bankruptcy filings totaled 96,430 in May, down from […] [Read More]