Black Book’s Ricky Beggs departed last week’s National Auto Auction Association/CAR event, which also featured a meeting of the International Automotive Remarketers Alliance, with the same sentiment as his industry colleagues. Over several days, Beggs recapped that, “Almost everyone I heard in the presentations and spoke with continues to be amazed at the recent trends […] [Read More]

Fiserv named its top performing auction for 2011 on Tuesday. Claiming Fiserv’s highest honor for the fifth time was Carolina Auto Auction. Carolina AA based out of Anderson, S.C., also has been among Fiserv’s top three auctions for nine of the past 11 years. Fiserv explained that it began ranking auctions in 2001 as a […] [Read More]

When it comes to value retention, the brand expected to command the strongest residuals three years down the road is Mini, according to the latest Industry Report from ALG. Looking at the 2012 model-year residual outlook in the March/April edition of ALG’s analysis, Mini’s 36-month residual value was projected at 52.5 percent. [Read More]

Never let it be said that Detroit automakers and their friends in Congress don’t care about the environment. I’ve never see any group more dedicated to recycling — at least when it comes to old arguments. There is a limited number of anti-trade, anti-“import” positions out there. Even when one is shot full of holes, […] [Read More]

During the preview for April’s New York Auto Show, the Women’s Automotive Association International will host a social media event, which is designed to highlight what the WAAI calls the “fastest growing marketing phenomena.” [Read More]

While also being awarded Gold Certification in the USA, ADP Dealer Services announced on Tuesday it received five other Cisco Certifications and Distinctions. The complete list of ADP accolades includes:  —Cisco Gold Certification in USA —Advanced Data Center Architecture Specialization in USA —Cisco Customer Satisfaction Excellence Distinction —Cisco Powered Managed Security Services —Cisco Powered Managed […] [Read More]

Subaru of America recently revealed a new driver assistant system that will debut at the New York International Auto Show on the OEMs 2013 Legacy and Outback Models. The new Eyesight system covers everything from adaptive cruise control and pre-collision braking to and vehicle lane departure warnings. “The new technology, which can also detect obstacles […] [Read More]

FITCHBURG, Wis. — Buy-here, pay-here dealership chain CarHop revealed this week it is opening its first Wisconsin-based rooftop. The new store is located in Fitchburg, a suburb of Madison, at 3045 Oregon Rd Fitchburg, Wis. 53713, officials announced. “At CarHop, ‘Helping People Drive’ isn’t just something we say, it’s something we do,” vice president of […] [Read More]

TORRANCE, Calif. — Geared to provide added assurance and enhance the lease experience for their customers, Toyota Financial Services and Lexus Financial Services this week rolled out the Excess Wear & Use Protection Plan, the newest product to join the TFS/LFS portfolio. Brand officials acknowledged consumers often have questions about their financial responsibility for items […] [Read More]

RALEIGH, N.C. — 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 […] [Read More]