ALEXANDRIA, Va. — The American Bankruptcy Institute said total bankruptcy filings in the United States decreased 16 percent year-over-year during the first quarter. According to data provided by Epiq Systems, bankruptcy filings totaled 263,516 in the first quarter, down from the 314,832 filings registered in the first quarter of 2012. Total commercial filings for the […] [Read More]

As digital marketing options continue to expand, it is becoming more and more important for dealers to focus on online reputation management and store promotion across the Web. Google, in cooperation with Boost Media Solutions, will be offerings an upcoming webinar that will provide dealers with an introduction to search engine marketing. [Read More]

April has arrived with high prices in the lanes, but the increases may be slowing down.  NADA Used Car Guide expects that wholesale prices peaked in March, and moving forward through April, there is likely to be a slight decline in the industry average. As for this week, NADA UCG analysts expect wholesale prices to […] [Read More]

As more automakers report results from March, the certified pre-owned market is looking stronger and stronger. The combined certified sales in March for the Chevrolet, Buick, GMC and Cadillac brands at General Motors, for example, jumped nearly 12 percent year-over-year. Specifically, they combined to move 33,047 CPO units, which was their best March sales total […] [Read More]

Auction Edge said Wednesday it has launched new pricing and discount opportunities for its auction clients, providing them with more options when it comes to management systems and pricing structure. The two new offerings are: EDGE ASI Premier, a new pricing structure for Auction Edge’s ASI auction management system; and EDGE Complete, a monthly discount […] [Read More]

Stone Point Capital, a global private equity firm based in Connecticut, recently announced a purchase of GWC Warranty Corp. and certain affiliated entities from CIVC Partners. Trident IV L.P. — a private equity fund managed by Stone Point Capital — and GWC’s management team came together to buy GWC. GWC is headquartered in Wilkes-Barre, Pa., […] [Read More]

Hyundai and Kia are recalling close to 2 million vehicles in three separate campaigns, according to the National Highway Traffic Safety Administration. More than half of that figure — 1,059,824 vehicles to be exact — are connected with Hyundai’s recall of seven different models because the stop lamp switch in the affected vehicles may malfunction. […] [Read More]

Dealers and consumers know the value of a thorough used-vehicle inspection, especially when buying online. Now, a division of DataScan Field Services expands inspections to include older-model cars. Offered by InspectMyRide, a division of automotive inspection company DataScan Field Services, the new Basic Verification service can help buyers make a more informed decision. While Basic […] [Read More]

Have you ever wondered what Canada’s favorite car is? According to owner reviews from AutoTrader.ca, the Ford Fusion "gets the nod' as the highest rated vehicle by Canadian owners. The site came to this consensus after taking into consideration more than 22,000 reviews from actual owners. With this announcement, the site is debuting the results […] [Read More]

April is underway and the 2013 Auto Remarketing Canada conference, presented by CarProof, is less than three weeks away.  Conference organizers expect record-breaking attendance, with more than 450 industry personnel already registered. And at least 50 percent of these attendees are dealers. Click here to see the pre-show attendee list, updated daily. Speakers, attendees, exhibitors […] [Read More]