AR:  Tell us about home, where you grew up. Redden:  I am from a small town in Tennessee called Dickson, which is about 35 miles west of Nashville.  It’s small today, and when I grew up it was even smaller. I believe the entire county only had 20,000 people in it.  The area was very […] [Read More]

The seasonal peak predicted by the organization to occur in April may be “set to pass”, NADA Used Car Guide officials said Wednesday, as prices for the majority of the wholesale segments they track are expected to decline slightly over the course of the current week. According to NADA UCG AuctionNet Wholesale Price and Forecast […] [Read More]

While projecting a healthy month-over-month gain, TrueCar.com predicted April’s used sales total to soften a bit from the same month a year ago. Analysts estimated used sales for April to be 3,615,148 units, down 2.0 percent from April of last year but up 33.6 percent from March. TrueCar indicated the ratio of new sales to […] [Read More]

A total of six different auctions and 13 account managers received accolades as Capital One Auto Finance handed out its annual awards. Among the Auction of the Year winners by region, the group included: —Northeast Region: Manheim Baltimore-Washington —Southeast Region: Manheim Georgia —Midwest Region: West Michigan Auto Auction —Southwest Region: Manheim El Paso —Northwest Region: […] [Read More]

As first-quarter earnings reports pour in from dealer groups, record profits have been reported, and the new-vehicle market also appears strong. Amid this strength, several retailers also offered a glimpse at how the used-side of their respective operations are faring. [Read More]

With the deadline to file personal federal income tax forms having passed more than a week ago, Manheim economist Tom Webb answered dealer questions about activity connected to refunds. In his April Auto Industry Brief, Webb first shared the dealer inquiry he received. “My used-vehicle operation had a better-than-more normal tax refund season,” the dealer […] [Read More]

HookLogic, provider of e-commerce media solutions and services, has announced a new partnership with auto research company PureCars that officials say can help lead to more walk-in traffic and incremental sales for dealers. Under the partnership, PureCars will leverage HookLogic’s Lead-to-Show incentive solution for the more than 1,500 automotive dealerships they represent. [Read More]

Toyota revealed Wednesday the 500 organizations selected in its 100 Cars for Good program, in which the automaker will give away 100 cars to 100 nonprofits over the course of 100 days. The finalists, which the company noted come from all 50 states and Washington D.C., represent nonprofits serving various community needs, such as animal […] [Read More]

As panelists emphasized at the recent Auto Remarketing Canada conference presented by CarProof, supply is tight for dealers in Canada. And that’s impacting everything from retail pricing and wholesale costs to sourcing strategies and dealer grosses. “Historically, we know what happened back in ’08 and ’09: there just weren’t any new cars. As a result, […] [Read More]

Evidently, softening bidding activity Black Book spotted recently was more than just an aberration. In his latest edition of “Beggs on the Used Car Market,” Black Book managing editor Ricky Beggs recapped that, “Last week we made mention of an easing in the push for an extra bid or two. That trend continued into the […] [Read More]