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]

News hit the stands Tuesday suggesting that 2012 marked the best used-vehicle market in five years, as CNW Research reported that full-year used sales came in at 40.5 million units. However, the jury is still out when it comes to predictions for 2013. But as many industry experts voice expectations for record level new-car registrations […] [Read More]

When Edmunds.com considered the Top 10 trends expected for 2013, an even higher increase in auto loans to subprime consumers made the list. Senior analyst Jessica Caldwell stated several times during a conference call on Thursday that the subprime market is an area of growth. [Read More]