EL DORADO HILLS, Calif. — American Recovery Service/Skip Busters and Digital Recognition Network recently shared how their partnership using license plate recognition technology delivered new thresholds of performance for lenders. By expanding LPR services, along with the core business of front-side and skip recoveries, ARS/SB recently recovered the 4,000th unit. Executives estimated the repossessions represent almost […] [Read More]

CARMEL, Ind. — ADESA Seattle will be offering a broad spectrum of vintage models when it holds its second annual Hot ADESA Night Event Sale later this week. There will be a hot rod show that begins at 4 p.m. (PST) on Thursday, with the classic car sale slated to kick off at 5:30 p.m. LiveBlock will […] [Read More]

SANTA MONICA, Calif. — The average used-vehicle retail transaction price during July was up double-digits from a year ago, with a few individual models — mostly SUVs and crossovers — showing hikes of more than 30 percent, according to Edmunds.com. Specifically, transaction prices for three-year-old used vehicles in July averaged $19,248, which marks a 10.3-percent year-over-year uptick. "Consumers […] [Read More]

ATLANTA — Manheim's Tom Webb didn't sugarcoat his opinion of broad economic indicators — especially about consumer confidence and the job market — when he compiled his August Auto Industry Brief. Simply put, Webb described July by stating "it wasn't a month for good news." Manheim's chief economist began to defend that stance by explaining, "consumer confidence slipped and […] [Read More]

LOS ANGELES — Westlake Financial Services has revealed the list of its top five auctions for the second quarter, and taking the top two spots and three of the five positions were Manheim facilities. Ranking No. 1 overall was Manheim Nevada, followed by Manheim Arizona in the No. 2 spot. Placing third was Norwalk Auto Auction (California), […] [Read More]

CARMEL, Ind. — ADESA Seattle recently moved up one of its long-time executives to assistant general manager while also naming a new fleet lease manager. The auction indicated that, effective immediately, Dan Watt has been elevated to assistant general manager after holding a variety of roles there for more than 20 years. ADESA Seattle noted Watt's […] [Read More]

IRVINE, Calif. — A Kia model officials from Kelley Blue Book's Kbb.com said once was an industry "punch line" now is dominating positive growth, according to the site's most recent Hot Car Report. KBB determined that weekly shopping growth among all vehicles as well as newly introduced and redesigned models was led by the 2011 Kia Sportage. […] [Read More]

CHARLOTTE, N.C. — Sonic Automotive has beefed up its existing presence in two markets. The dealership group revealed Friday that it was granted Buick and GMC franchises in Montgomery, Ala., as well as a new Kia franchise in Colma, Calif. "We are pleased to be associated with these brands in these particular markets and appreciate the […] [Read More]

PEBBLE BEACH, Calif. — Gooding & Co. enjoyed a record-setting weekend at its Pebble Beach Auctions event held Aug. 14 and 15 in California. Sales for collector cars reached more than $64.59 million, which marks the best-selling auction the company has had in Pebble Beach. The average price per car sold was $609,000. Moreover, there were […] [Read More]

MISSISSAUGA, Ontario — While there was still softness in wholesale values during July, they were stronger than anticipated, which pushed the ADESA Canada Used Vehicle Price Index to a sequential upswing for the third straight month. More specifically, ADESA's data — powered by ALG Canada —shows that there was a 0.8-point month-over-month increase in the index on a […] [Read More]