Used-vehicle volume is down more than 7 percent year-over-year in 2012, helping to spur robust prices in the used market, according to RVI Group. In fact, the RVI  Used Car Price Index climbed 8.1 percent year-over-year in February to 1.422, which marked a modest 0.4-percent rise from January. Officials noted that when MSRP is taken […] [Read More]

Cars.com announced the winner Monday of its $16,000 Subcompact Shootout, a competition between seven popular subcompact cars that seat four, have four doors, get at least 35 miles per gallon on the highway and can be purchased for less than $16,000. Experts from Cars.com, USA Today and MotorWeek tested these subcompacts and chose the Honda […] [Read More]

As the industry picks up and many are forecasting sales to climb this year, Foresight Research revealed the results from its first 2012 Automotive Marketing Communications Study. And it seems car shoppers are looking for different “messages” from dealers and OEMs this time around. The time when touting a few incentives and coming out with […] [Read More]

American Recovery Service and financial services partner SWBC recently completed technology integration geared to streamline systems and business processes between the companies. ARS aims to provide nationwide servicing of asset repossessions, skip-tracing, impounded asset retrieval, license plate recognition recovery and online remarketing, which will now be available to credit unions utilizing SWBC’s AutoPilot, a suite […] [Read More]

Consolidated Asset Recovery Systems launched a new open-source, freeware version of its IBEAM Web portal to the agent and lender community. The company highlighted this new version of IBEAM — available after April 15 — will be specific to repossession and invoice management, providing all the capabilities of asset tracking, real-time monitoring of updates, online […] [Read More]

The grand opening date has been set for Auction Broadcasting Co.’s first-ever facility in the Northeast. ABC Lancaster Auto Auction will open its doors on Thursday with a sale at 1 p.m. EST at the interim four-lane facility, auction officials announced recently. [Read More]

One of the dealers cited in a complaint revealed by the Federal Trade Commission last week is going back online to defend himself. Tracy Myers gave a statement to Auto Remarketing via Facebook about the FTC coming down on Frank Myers AutoMaxx LLC, one of five dealerships mentioned in the commission’s documents pertaining to a […] [Read More]

Dealers and store managers still have time to register for the first session of 2012 in the free Auto Remarketing Training Series. The opening stanza is set to include used-vehicle experts from AutoTrader.com, vAuto and Carfax. Dealers and store managers can join the instructional event that includes question-and-answer sessions beginning at 2 p.m. ET on […] [Read More]

To meet popular demand from its members, the National Independent Automobile Dealers Association is forming a 20 Group Program, the association announced last week. Like many of its peer programs, the NIADA 20 Group Program will aim to bring together dealers (in this case, independent stores) for idea and best-practice sharing, as well as data […] [Read More]

The National Highway Traffic Safety Administration indicated Subaru is recalling the Forester from the 2009 through 2012 model years. A total of 275,000 are being summoned to franchised dealerships because the automatic locking retractor in the seat belt assemblies located in the rear-center seating area do not meet lockability requirements. NHTSA said the problem means […] [Read More]