Kelley Blue Book is now offering motorcycle vehicle history reports on its website thanks to a deal it has struck with Cyclechex, the company announced today. Reports from Cyclechex offer historical title information on bikes from model-years as far as back as 1981, including details like the last recorded odometer reading, disclosed damage, number or […] [Read More]

When a shopper buys a new-vehicle these days, the person will typically keep the car close to six years, according to Polk, which said vehicle ownership periods have never been this high. In examining vehicle registration data for the third quarter of 2011, Polk found that consumers are now holding on to vehicles they purchased as new […] [Read More]

Extended service contract provider Preferred Warranties began its 20th anniversary celebration this week by highlighting a 29-percent increase in sales revenues last year, coming on the heels of a 16-percent jump during 2010. PWI national sales manager Wayne Herring Jr. declared, “2010 was strong, 2011 was even stronger. [Read More]

This week, Cars.com utilized its corporate giving initiative and leveraged voting through its social media platforms to award a $100,000 donation to Students Against Destructive Decisions (SADD). Cars.com president Mitch Golub highlighted why SADD received these funds and also shared more background about Cars.com Cares. “We launched Cars.com Cares this year to help fuel organizations […] [Read More]

The Consumer Financial Protection Bureau recently announced a proposed rule to include debt collectors and consumer reporting agencies under its nonbank supervision program — marking the first time these consumer financial market participants are subject to federal supervision. The Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFPB, authorizes the CFPB to […] [Read More]

While also predicting repossessions should trend upward again, Manheim chief economist Tom Webb explained why lenders didn’t sustain as much of a loss when a loan contract went south during the past two years. Webb stated that “in those cases in which repossessions did occur in 2010 and 2011, lenders experienced a significant reduction in […] [Read More]

After dealing with the unexpected snowfall in North Carolina, dealers and buyers alike had another storm to weather Monday morning — navigating the tough wholesale environment, ridden with unit scarcity and skyrocketing prices.  At the Manheim North Carolina sale, the overall attitude was one of grim determination. Buyers and dealers alike are taking hits right […] [Read More]

It appears that the used-car market this month is getting a nice bump from 2012 being a leap year. Otherwise, CNW Research suggested February’s used sales would have been rather static this month. Specifically, CNW is forecasting 1.95 million used sales for the month, an 8.1-percent hike from February 2011 on an unadjusted basis. “Adjusted, […] [Read More]

General Motors recently doled out its 2011 GM Auction of the Year award, and receiving this year’s honor was ADESA Kansas City. The auction was chosen from 35 GM-sponsored auctions throughout the U.S. based on its “achievement in providing GM and its dealers with outstanding quality, service and value throughout the year.” [Read More]

Instead of A Tale of Two Cities, Ricky Beggs and the Black Book team spotted “a tale of two markets,” when analyzing the current wholesale market, especially when it comes to the trends for average and clean vehicles. In his most recent edition of “Beggs on the Used Car Market,” the Black Book managing editor […] [Read More]