Stemming from recent growth thanks to contracts with three auto lenders and more expected, USA Recovery Solutions and Skip Masters announced the expansion of their operation last week. Executives said they have added 13,000 square feet to their headquarters, raising the total amount to 40,000 square feet. They noted the site is expected to handle the operation’s needs […] [Read More]

Certified pre-owned sales closed 2010 with 10 consecutive months of year-over-year improvements and 13 brands posted full-year CPO records, as the certified market showed improvement from a sluggish 2009. According to statistics provided by Autodata Corp., the industry moved 1.64 million CPO units during 2010. While this marked a 7.1-percent year-over-year gain, the industry has […] [Read More]

Sparking what he believes will be double-digit percentage gains for new-vehicle sales, Paul Taylor, chief economist of the National Automobile Dealers Association, rattled off five factors he expects to ignite that growth. “The auto industry is coming back strong from what has been a difficult economy,” Taylor projected. “Auto sales are playing a key role […] [Read More]

Total Resource Auctions revealed Friday that it has taken on control of 22 facilities that were previously part of SADISCO. These auctions are spread across seven coastal states of the South and bump TRA’s network size up to almost 100 facilities. [Read More]

American Auto Auction Group took what it called “an important step” late last week when it acquired a Texas operation. Group officials announced the acquisition of Texas Lone Star Auto Auction in Carrollton, Texas, a suburb of Dallas. Founded by the Dunning family in 2001, Texas Lone Star Auto Auction holds a weekly dealer consignment […] [Read More]

Turning the calendar to 2011 didn’t exactly accelerate the activity at all auctions last week, according to Black Book’s Ricky Beggs. The managing editor shared during his weekly video session of “Beggs on the Used Car Market” that there were “mixed comments” coming in from Black Book’s survey personnel. “Some auctions were reported as ‘active […] [Read More]

Seven models — three domestic and four foreign — were honored for visual appeal, features, technology and more late last week by Edmunds.com in connection with its sister website InsideLine.com. Among those picked as the 2011 Editors Most Wanted Awards were a trio of vehicles made by members of the Big 3: the Cadillac CTS-V Wagon, […] [Read More]

The last year was certainly one of great transition for Saab Automobile AB, but company executives said Friday they are pleased with the progress the Swedish automaker has made since being purchased by Spyker Cars N.V. in February. For full-year 2010, Saab’s wholesale unit sales — defined by officials as revenue-generating sale to dealers — […] [Read More]

While it appears that the market “still has a long way to go,” the increase in Canadian new-vehicle sales during 2010 was stronger than what was expected going into the year, according to analyst Dennis DesRosiers. He attributes the sales uptick to the bevy of incentives offered from automakers.   [Read More]

OPENLANE has teamed up with Boost Solutions — a Canadian company that provides used-vehicle inventory syndication — to help dealers in Canada move aged inventory in a quicker fashion by giving them a new avenue for marketing their used vehicles on the Web. [Read More]