Business in the lanes this past week was reported as being “pretty steady” with an increasing number of price hikes, according to Black Book’s Ricky Beggs. The managing editor explained in his latest, “Beggs on the Used Car Market” video report that, last week, the average number of vehicles adjusted each day was 1,840. “Since […] [Read More]

ADESA said Monday that dealers and buyers at any of its U.S. locations can now utilize the services of transportation company CarsArrive. ADESA announced that CarsArrive has been integrated at all of its U.S. auction locations, a process which began more than a year ago. Commenting on the news, Tom Caruso, president and chief executive […] [Read More]

Enterprise Car Sales, which specializes in working with credit unions of all sizes to increase auto loan volume, said it generated a total of more than $380 million in loan volume for credit unions through used-vehicle sales to more than 23,000 credit union members during 2012. Officials indicated the loan volume generated is 15 percent […] [Read More]

Dealertrack Technologies will host a free compliance webinar to serve as a wrap-up of 2012 developments and to discuss important changes in compliance regulations dealers likely will encounter this year. The session is scheduled for 2 p.m. (ET) on Thursday. This webinar will be hosted by Dealertrack compliance counsel Randy Henrick. Dealertrack indicated the event […] [Read More]

The International Automotive Remarketers Alliance has put out a call for an executive director, and is looking for “a proven leader with strong public speaking abilities and prior industry experience” to fill the position. Last week, the organization posted the following job description on its website: [Read More]

Allied Finance Adjusters and Recovery Specialist Insurance Group announced their 2013 annual conferences will be a collaborative effort for three days of education, training, networking and entertainment. The event will be held at the Hyatt Regency Pier 66 Hotel in Fort Lauderdale, Fla., on April 17–19. All recovery lenders, vendors and repossessors are welcome to […] [Read More]

At the time of Mazda’s launch of a revamped certified pre-owned program on July 1, 2010, the company had sold 5,125 certified units in the preceding 12 months. Fast forward some two-and-a-half years later and Mazda is celebrating annual CPO sales more than five times as high as that sum. The 27,239 CPO sales in […] [Read More]

Perhaps of interest for dealers deciding which after market systems to put in their pre-owned cars before showing them on the lot, it seems new-vehicle owners aren’t quite satisfied with their in-car navigation systems — and here’s why. [Read More]

Investment research firm DBRS expects that lenders will begin to loosen credit standards to achieve growth strategies as the auto finance market continues to improve, competition increases and credit availability resumes. As a result, the firm contends these developments will likely put negative pressure on collateral performance, increasing pool delinquencies and losses. “Furthermore, the weaker, […] [Read More]

Along with updating members about insurance booklet legislation developing on Capitol Hill, the National Automobile Dealers Association announced the new mobile app for the 2013 NADA Convention and Expo is now available for download. Officials said the app can help attendees maximize their convention experience with features that include: —Up-to-the-minute updates on workshop sessions and […] [Read More]