Used-vehicle values have soared recently, even to the point where for some one- and two-year-old vehicles, a new car presents a better deal. But despite the escalation in used prices, Kelley Blue Book contends that there are still some used vehicles out there that are still in a relatively manageable price range. As such, KBB […] [Read More]

In the second installment of exclusive AuctionNet Wholesale Price and Forecast Data provided by NADA Used Car Guide to Auto Remarketing, wholesale prices have remained stable this week, but again, the influence of rising fuel prices is still apparent, the organization stressed. [Read More]

Auto Remarketing learned that Ally Financial is announcing today it will be partnering with a Denver Area dealer to make a contribution to the Boy Scouts of America Denver Area Council. The company will be making a $10,000 contribution to the organization in the name of Mike Shaw — recently named 2012 national Time Dealer of the Year.  […] [Read More]

With the deadline to file federal income taxes looming, Ricky Beggs shared what he and the rest of Black Book’s editors are hearing about how this year’s refund season has unfolded. Beggs began his latest edition of “Beggs on the Used Car Market,” by saying, “spring has sprung. “I was not only thinking about how […] [Read More]

General Motors and Toyota secured the most honors in the seventh annual Vincentric Best Fleet Value in America Awards. Announced Tuesday for 39 different vehicle segments, Vincentric praised a total of nine GM vehicles while seven Toyota models also drew accolades.  Other brands earning multiple awards were Ford, Hyundai, Chrysler Group, Volvo and BMW. Vincentric […] [Read More]

NCM Associates announced this week its information technology team completed development of an exclusive online operations analysis tool specifically for its clients with multiple dealerships and franchises. Officials explained the Proprietary Dealership Heat Map is designed as a Web-based management dashboard represented as a series of dealership blueprints. The departments within each dealership’s blueprint are […] [Read More]

Charleston Auto Auction is teaming up with Automotive Rentals Inc. to honor the military during a special sales event later this week. In addition to approximately 1,000 vehicles being up for sale, the event will include a free breakfast to start the day then a performance from the American Legion Color Guard, who will present […] [Read More]

HOUSTON — Provider and administrator of F&I products and reinsurance structures for the automotive industry GSFSGroup revealed this week that it has appointed a chief financial officer. Tapped for the position is Dianna Dryer. Dryers responsibilities will include “leading the GSFSGroup’s efforts to develop new programs and sustainable back end processes that will enable GSFSGroup […] [Read More]

RALEIGH, N.C. — Because of so much interest in a new open-source, freeware version of its IBEAM Web portal coming to the agent and lender community, Consolidated Asset Recovery Systems is planning a free Webinar to explain the product. CARS management will conduct an hour-long session beginning at 3:30 p.m. ET on Thursday. The company […] [Read More]

FORT WORTH, Texas — As reported sources discussed the company's latest selling of asset-backed securities, General Motors Financial confirmed retirement plans for one of its top executives. GM Financial announced earlier this week that Brian Mock, the company's executive vice president of consumer services, decided to retire upon the completion of an "orderly transition period," […] [Read More]