Used-car operations for franchised dealers have been buoyed by a “boat-load of trade-ins,” and independents have been on the comeback trail, according to CNW Research’s look at October used-car sales. Overall, the year-over-year increase in used-vehicle sales this month will likely eclipse 8 percent, CNW said, basing its analysis on the first 20 days of […] [Read More]

Sonic Automotive's third-quarter performance brought  record-breaking volume numbers for used and new sales, and the company continues to make progress toward its per store monthly used-sales goal.  Sonic saw an average of 87 used retail sales per store this month, rising from 82 during the same period of last year. [Read More]

They can pull forward new-vehicle sales while boosting satisfaction and retention, but the benefits of automakers running early-exit offers within their leasing programs can also be found on the certified pre-owned side of the business, as well. That’s according to Scot Hall, executive vice president of Swapalease.com, who talked with Auto Remarketing about this practice, […] [Read More]

Used-vehicle prices continue to decline at a moderate pace, but some segment prices are dropping faster than others, while others are bucking trends right and left. According to Black Book’s Ricky Beggs, one of these outliers is the group of pickup truck segments. As gas prices remain high, Black Book data shows all three pickup […] [Read More]

Recovery Database Network announced Tuesday that it has integrated its application with MasterFiles, a data service provider of public records information for the purposes of debt collection, asset recovery and creditworthiness. Explaining the partnership further, officials said, “Users are now able to access MasterFiles data seamlessly through RDN’s specialized recovery software solution. This unique setup […] [Read More]

Manheim has named a general sales manager for its Northeast market and also appointed a general manager at Manheim Dallas-Fort Worth. Named to Northeast market GSM post is Bill Harbourne, while Nicole Graham-Ponce is taking on the GM role at Manheim Dallas-Fort Worth. Sharing a bit more on their backgrounds, Manheim began with Graham-Ponce. They […] [Read More]

A recent sale at Charleston Auto Auction offered more than vehicles; there were prize “mysteries” solved, too. Charleston Auto Auction hosted its latest promotion, the Mega Mystery Sale, on Oct. 19, reporting more than 1,300 vehicles and 650 dealers in attendance. But the sale also featured 24 wrapped boxes each containing the name of a […] [Read More]

BANDON, Ore. — While touching on what new buy-here pay-here regulations California did to its long-term used-vehicle sales projections, CNW Research indicated the year-over-year climb in subprime loan approvals is continuing. This month, CNW said loan approvals for customers with less-than-stellar credit who are buying both new and used models are 47.8 percent higher compared […] [Read More]

IRVINE, Calif. — What top executives said was the company's first quarter of organic sequential revenue growth since 2007, Consumer Portfolio Services posted in third-quarter gains in earnings, revenue and new contracts purchases. The company tabulated that its earnings came in at $2.7 million or 11 cents per diluted share for the quarter that ended […] [Read More]

DETROIT — Less than seven days after announcing it was selling insurance business interests in Mexico, Ally Financial on Tuesday reached an agreement to sell its Canadian auto finance operation, Ally Credit Canada, and ResMor Trust to Royal Bank of Canada, the country's largest bank by assets and market capitalization. Ally said it will receive […] [Read More]