American Recovery Association and RISC are holding free continuing education to benefit recovery and remarketing professionals this week, as is MasterFiles’ skip-tracing expert Alex Price. The one-hour Webinars conducted by ARA and RISC are broken into three 20-minute sessions. They are geared to focus on the “color of the law,” how recovery agents can protect […] [Read More]

Dealers making vehicle buys from the Lone Star State could see that new inventory arrive sooner, with an announcement this week from auto transport company EZTransportCorp. The company now offers same-day pick-up availability for Auto Transport Services in certain Texas cities. “Texas is conveniently located along the south truck route,” company officials said. “Most car […] [Read More]

This morning, Penske Automotive Group revealed a pair of financial note offerings. The first of the two announcements resulted in Penske commencing a cash tender offer for any and all of its outstanding $375.0 million aggregate principal amount of 7.75 percent Senior Subordinated Notes due 2016. In connection with the tender offer, the company is […] [Read More]

NADA Used Car Guide projected that used-vehicle depreciation isn’t going to slow down as the industry approaches autumn. In their August edition of Guidelines, analysts forecasted September’s average drop to be within the range of 3 percent to 3.5 percent; a level slightly less than what was listed in August’s edition of the Official Used […] [Read More]

As the number of average daily price adjustments stayed strong, rising gas prices kept Black Book editors busy last week. Managing editor Ricky Beggs pointed out that during the past six weeks, the national average price for a gallon of gasoline has risen by a total of 29 cents to $3.64 per gallon. “I hope […] [Read More]

The month-over-month decline in wholesale prices during July was moderately less steep than anticipated, according to NADA Used Car Guide, which attributed this particular trend to hearty truck demand making up for soft car segment values. Overall, AuctionNet prices were down 2.0 percent from June, which was “slightly better than expected,” explained senior analyst Jonathan […] [Read More]

Dealerships that offer free and pre-paid maintenance plans stand a better chance of retaining their service customers. That’s the word from DMEautomotive, per the results of a new study. On Monday, DMEa released key findings from its new national consumer survey, which studied more than 2,000 U.S. vehicle owners in April of this year. The […] [Read More]

As the ADESA OpenLane online wholesale platform continues to take shape, the company recently highlighted a series of site modifications geared to benefit buyers and sellers — 20 in all that became effective last month. Among the enhancements for vehicle searches are: —sorting by year, make, model, series and VIN all available directly on the […] [Read More]

In an increasingly digitalized automotive environment,  one OEM, in particular, is busy ramping up its mobile offerings to help dealers turn more potential shoppers into loyal customers. Ford revealed this week the new SHOWCASE app for the apple iPad, which it contends helps Ford sales associates find “just the right car for their customers faster […] [Read More]

With the economic recovery slowing and the chance of retirement perhaps becoming slim for many Americans, Colorado franchised dealers now have another option when looking for ways to take the next step. NADART — the financial services division of the National Automobile Dealers Association — revealed its endorsement by the Colorado Automobile Dealers Association.  NADART […] [Read More]