PALATINE, Ill. — The MVTRAC Recovery Industry Advisory Board formally announced the implementation of new strategic policies regarding MVTRAC's business model and associated operations. Members explained the new initiatives were the result of an extensive development and review process, then unanimously voted and later ratified into action at MVTRAC's annual advisory board meeting. The changes […] [Read More]

Chase Auto Finance recognized eight auctions on Thursday as the 2012 Chase Cup for Auction Excellence honorees were unveiled during the National Auto Auction Conference in Orlando, Fla. Winning the overall Chase Cup was ADESA Cincinnati-Dayton, which has claimed this honor for two straight years. The auction also took home the top award for the […] [Read More]

The Auction Broadcasting Co. has reached a deal with TD Auto Finance to remarket the lender’s vehicles at the ABC St. Louis facility. ABC president Jason Hockett said, ““We are pleased to welcome TD Auto Finance and TD’s In Lane Edge program at ABC St. Louis. We have experienced significant growth at ABC St. Louis, […] [Read More]

September’s certified pre-owned vehicle sales total — a performance that included new monthly all-time highs for Porsche and Mazda — helped to push the industry to the highest amount of units sold in a single quarter ever. Autodata Corp. reported on Thursday that September CPO sales came in at 154,702 — a figure that was […] [Read More]

How has the certified pre-owned market managed to be this strong and reach consecutive years of historic sales? It depends on whom you ask. Among the national CPO managers who shared their thoughts with Auto Remarketing, there were several different reasons cited when they were asked why there has been industry-wide growth in certified sales […] [Read More]

As dealers continue to search for turn-ready inventory, Auction Edge announced this week that auction employees can now view used-car managers' credit lines and available credit with Automotive Finance Corp. floor plans. Officials explained this enhancement can enable auction personnel to help the dealer complete their purchases and finalize the floor planning of inventory through […] [Read More]

The year’s final installment of the Auto Remarketing Training Series includes fresh sales and inventory recommendations from presenters who will be a part of the free Webinar for the first time. Used-car managers and other dealership staff members can participate in the ARTS Webinar that’s scheduled for 2 p.m. ET on Tuesday. On tap for […] [Read More]

Positioned as a tool dealers can use to leverage their presence on Facebook, Outsell — a digital marketing software-as-a-service company — on Thursday rolled out what it called a new custom audiences targeting service. The company explained the tool can allow Outsell’s customers with offline data to upload, match and create precisely tuned ad audiences […] [Read More]

From new routes to new savings programs, Allied Automotive Group and National Transport LLC each announced updates this week to the way they do business. Calling its initiative an industry first, Allied Automotive Group announced the Super-Saver Daily Specials program which offers auto shippers daily online access to numerous North American routes at reduced, all-inclusive […] [Read More]

Edmunds.com analysts discovered automaker incentives fell slightly in September as more and more 2013 models have hit the market. According to the site’s True Cost of Incentives, the industry spent $2,227 per vehicle last month, down 3.1 percent from August and down 9.3 percent from September of last year. Analysts indicated the decline ended a […] [Read More]