In November, Mazda’s certified pre-owned program hit a record dealer enrollment count with 608 stores signed on.   Over at Ford, its CPO leadership talked recently about how dealership participation has improved, and subsequently shared how dealers and other parties have, as national CPO sales manager Todd Fites put it, “embraced the challenge of growing […] [Read More]

It seems Hurricane Sandy is not done with the automotive industry. Offering a take on December’s unseasonably strong wholesale prices, ADESA’s Tom Kontos noted in the latest “Kontos Kommentary” that the superstorm may have played a role in these high rates. “Some residual effects of Superstorm Sandy may be evident in the relatively strong wholesale […] [Read More]

Capital Automotive Reconditioning Services is reaching its 10-year anniversary this year and is making executive changes to prepare for the next decade. Since its founding in 2003, CARS Recon has expanded to 28 locations, grown to include approximately 550 full-time employees and processed more than 3 million vehicles for sale at auctions.  The company began […] [Read More]

With final new-car sales numbers for 2012 rolling in, Black Book’s Ricky Beggs took a look at how these high numbers will affect wholesale auction activity. As the managing editor shared in his latest “Beggs on the Used-Car Market” video report, new sales are reported to have come at 14.49 million, marking a 13-percent increase […] [Read More]

As the Consumer Electronics Show gets underway in Las Vegas, automakeres are revealing new technologies and developments by the hour. With new offerings ranging from apps to mobile products, online radio functionality and more, the in-car technology race is heating up. First up, Chrysler Group introduced Internet radio capability to its Uconnect Access suite of […] [Read More]

Black Book announced on Monday its choice for the role of vice president of mobile solutions, tapping a former Manheim exec to fill the spot. Taking on the position at Black Book is Mike Williams, who will be responsible for all of the company’s mobile products and services. The role includes developing new products, enhancing […] [Read More]

Showing some softening as the year wound down, the latest RDN Monthly Analytics Update indicated November recovery volumes decreased 4 percentage points from October levels, halting a string of consecutive month-over-month jumps. Furthermore, the November reading came in 1 point below year-earlier levels. Also registering downward movement, RDN indicated November recovery orders ticked 7 percentage […] [Read More]

The certified pre-owned market reached 1.8 million annual sales for the first time in history and hit a best-ever mark for the second straight year, according to Autodata Corp. In 2012, there were 1.83 million CPO sales, which was an improvement of 5.3 percent — or more than 92,000 units — over the full-year sum […] [Read More]

To kick off its silver anniversary year, ServNet announced that the auction group has welcomed its 31st member. Joining the group is Ocala Auto Dealers Exchange in Florida. OADE’s sister auctions — Sanford Auto Dealers Exchange and Cocoa Auto Dealers Exchange — were already ServNet members. The auction was formerly known as Big Sun Auction […] [Read More]

Fresh off a remarkable 2012 in the certified pre-owned market, four brands have confirmed to Auto Remarketing, as of press time, that they achieved record full-year certified pre-owned sales. According to their respective CPO leaders, 2012 was the best year ever for certified at Volkswagen and for American Honda’s flagship brand, and the year was […] [Read More]