Retail prices on 1- to 5-year-old used cars last month showed some moderation from February, but still remain more than 30% higher than year-ago levels, according to an analysis from iSeeCars.com, which said the runup is particularly steep for fuel-efficient models and electrics. The company examined 1.8 million transaction of used vehicles ages 1 to […] [Read More]

That whoosh you just heard and felt might have been this year’s tax season. Monday marked the deadline for individuals to file their state and federal taxes, and Black Book acknowledged that the spring / tax season market looks “different and shorter this year.” [Read More]

Good news, bad news for certified pre-owned vehicle sales last month. First, the plus side. March’s 219,360 CPO sales beat February’s total by 14.3%, marking the third straight month of … [Read More]

After sharing his recommendations for finance companies, Automotive Personnel founder Don Jasensky made a return visit on the Auto Remarketing Podcast to offer insights about how dealerships can find the salespeople they need to cater to today’s vehicle buyers. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  […] [Read More]

Byrider recently inducted two more operators into its Hall of Fame, which recognizes contributions to the growth and culture of the buy-here, pay-here dealership chain. Bringing the Byrider Hall of Fame to 18 members, the newest inductees are Winston Sleeth and Steve Petersen. “Winston and Steve have been so important to the growth of Byrider […] [Read More]

Just like fuel prices and the costs of many other goods and services, the volume of bankruptcy filings jumped significantly to finish the first quarter. According to data provided by Epiq Bankruptcy, filings in March increased … [Read More]

Canadian Black Book has debuted a new awards program. In addition to its existing “Best Retained Value Awards” for automakers, CBB is launching the “Best Residual Value Awards.” The latter spotlights vehicles expected to hold the greatest value of MSRP 48 months after original purchase date, honoring models in 21 categories of cars, trucks, SUVs […] [Read More]

Both the Consumer Financial Protection Bureau and TransUnion used strong language in statements last week, as the regulator filed a lawsuit against the credit bureau, two of its subsidiaries, and an executive that the company said is no longer with the firm. Because the bureau said the lawsuit stems from a 2017 law enforcement order […] [Read More]

TradeRev has a new president, parent company KAR Global said Tuesday. Taking on the role is co-founder James Tani, who will also remain in his position as executive vice president of KAR’s Canadian dealer sales team. Tani succeeds TradeRev co-founder Mark Endras, who has moved to the role of KAR’s senior vice president of product. […] [Read More]

We begin this auction news roundup with an update on what has been one of the biggest stories in the space in years. Carvana said in a news release Thursday that it anticipates its deal to acquire KAR Global’s U.S. ADESA physical auction business will close next month. The online retailer said that to “facilitate this […] [Read More]