With years of auction industry leadership under his belt, Paul Lips is now stepping into his role guiding the National Auto Auction Association as its 2013 president. But interestingly enough, it was the need for a change-of-pace that brought him into the auction business in the first place. Some six years into his career in […] [Read More]

ADESA Analytical Services has been busy for weeks completing a major revision of the vehicle model class segmentation system Tom Kontos and his team of analysts utilize. On Wednesday, Kontos revealed ADESA’s new segmentation system; one he contends more accurately reflects current trends in vehicle model lineups. Kontos indicated that the major differences between the […] [Read More]

A new integration between Auction Edge and ShipCarsNow is designed to help dealers and consignors transport vehicles more efficiently. Auction Edge announced this week that buyers, sellers and consigners across the independent auto auction industry can now utilize ShipCarsNow from Auction Edge’s auction management platform. The integration offers Auction Edge customers the ability to ship […] [Read More]

Consumers are apparently willing to spend more on the lots, and it isn’t because of impressive dealer and incentives, which are declining as fall gets underway, according to TrueCar.com. The site estimated today that the average transaction price for light vehicles in the U.S. was $30,282 in last month, up $264 (0.9 percent) from September […] [Read More]

Among new-vehicle buyers who use the Internet to research their purchase, a new study shows that one in five are using tablets and smartphones to find the information they need — and more than half of them do so at the dealership. The J.D. Power and Associates 2012 New Autoshopper Study, released this week, analyzes […] [Read More]

Despite sluggish economic growth, new data from PwC’s Autofacts pointed toward new-vehicle sales reaching 14.5 million in the U.S. this year while moderately increasing in 2013. PwC’s Autofacts attributes this growth to factors including the return of automotive financing and subprime loans, coupled with pent-up demand from an estimated 11 million consumers who have deferred […] [Read More]

For at least the second time in less than three weeks, a car carrier fire has claimed a truckload of used-car inventory, this time multiple high-end models. At approximately 1:40 a.m. on Tuesday, the rig caught fire on the Kutztown Bypass in Maxatawny Township, Pa., according to Officer Darren Simmers of the Berks-Lehigh Regional Police […] [Read More]

BANDON, Ore., and DETROIT — When CNW Research crunched the September used-vehicle sales numbers this week, analysts pinpointed just how many more subprime buyers made a purchase last month as compared to a year ago. CNW indicated the amount of subprime buyers spiked by 78 percent to 923,230. Analysts noticed buyers with FICO scores below […] [Read More]

SEATTLE — As dealers continue to search for inventory to match up with subprime buyers, Auction Edge announced today 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 […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne revealed this week that it has been endorsed as the credit application management system of choice by the National Independent Automotive Dealer Association. As an endorsed NIADA National Member Benefit Partner, RouteOne highlighted that it has assisted NIADA's 20,000 independent dealership members with streamlining their F&I process through the utilization […] [Read More]