ADESA announced that the company’s 68 North American auction locations will observe National Auto Auction Week, which is scheduled for Aug. 20 through Aug. 24. The company recapped that National Auto Auction Week was established by the National Auto Auction Association to recognize its members and the contributions they make both to the national economy […] [Read More]

As part of a series of training sessions scheduled during the remainder of the year, RouteOne is going to host a free Webinar titled, “Managing Adverse Action.” The upcoming Webinar set for 1 p.m. ET on Tuesday will include members of RouteOne’s legal department and product development team. Organizers are looking to educate dealers on […] [Read More]

KAR Auction Services chief executive officer Jim Hallett spent much of Tuesday’s conference call with investment analysts talking about volume and dealer consignment rather than the company’s latest financial performance. The dialogue stemmed in part from ADESA sustaining a year-over-year drop in vehicle conversion percentage to 55.6 percent, excluding OPENLANE activity. In the second quarter […] [Read More]

Prices continued to fall in the lanes this past month, according to the Manheim Used Vehicle Value Index.  In fact, marking the fourth consecutive monthly decline, wholesale prices slid 1.8 percent in July. This shift brought the Index to a level of 121.2, down 3.7 percent from a year ago, according to the analysis from […] [Read More]

After a strong first half of the year — including double-digit sales growth in the U.S. — the North American new-vehicle market will likely see some cooling during the rest of the year, according to LMC Automotive. For the U.S., in particular, new-car sales were steady in July; however, LMC Automotive has scaled back its […] [Read More]

It turns out that America’s wealthiest drivers don’t necessarily drive luxury vehicles, according to a new report by TrueCar.com. Instead, half of those who can afford high-end models instead opt for mainstream models from Toyota, Volkswagen and Honda, per the results of TrueCar.com’s Top 10 Vehicles in America’s Wealthiest ZIP Codes study, released on Tuesday. […] [Read More]

 In an effort to offer dealers the ability to drive potential customers shopping on independent automotive sites directly to a dealership’s website, marketing company Automotive Internet Media has released a new product. The company contends that its new offering — CarClicks — will help drive more auto shoppers to listings on dealership websites in a […] [Read More]

An Atlanta automotive group is opening its doors to offer more than new cars this month — visitors to the lot could also find stardom via onsite casting calls for two of television’s hottest shows. The CBS Buzz Tour will make a stop in Atlanta on Aug. 29 from 3 p.m.  to 9 p.m., in […] [Read More]

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Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} CARMEL, Ind. — During the second quarter, Automotive Finance Corp.'s loan transactions climbed 16 […] [Read More]