Cox Automotive chief economist Tom Webb called it “relatively unusual” that off-lease volume and retail sales of certified pre-owned vehicles were nearly identical last year at 2.55 million units. Webb is thinking off-lease volume this year will swell to about 3.1 million while CPO sales are “not nearly going to grow nearly that much.” He […] [Read More]

In an ever-expanding world of online vehicle buying, companies are finding their niche in every part of the process. Whether a company specializes in giving users vehicle listings, showing the appraised value of their current car, or even facilitating the entire purchase online, members of the industry are learning to adapt to what the customer […] [Read More]

If you have your heart set on buying an American-made car, you may want to consider where in America you are. A recent analysis by Carjojo revealed that Texas leads the country in American-car selection, while Michigan is tops in American-made inventory per resident. Carjojo used data from American University’s recently released 2016 Kogod Made […] [Read More]

The 100 Best Workplaces for Millennials listing released by Fortune and the Great Place to Work Institute this week included a half dozen companies with connections to the used-vehicle industry. Officials explained that rankings for the 100 Best Workplaces for Millennials are based entirely upon employee feedback. The automotive contingent included: —Navy Federal Credit Union […] [Read More]

Capital One recently announced that it provided a $12 million floor plan revolver to Fahrney Automotive Group in Selma, Calif. Capital One also provided a $10.4 million construction line of credit that will enable the group to house each of its three franchises in separate facilities.  “This is the first construction loan in California for […] [Read More]

Since the company believes its vehicle location data has “transformed” the recovery industry, Digital Recognition Network is integrating the company’s historical hit data through Clearplan in an effort to generate even higher recovery rates. Through a program that started July 1, DRN affiliates can access historical hit data in Clearplan’s Business Plan for free during […] [Read More]

As more cyber attacks disrupt businesses, the American International Automobile Dealers Association insisted principals and managers need to know about emerging threats and how to defend their businesses. To help stores, AIADA set up its July AutoTalk webinar to feature two experts from Wells Fargo who plan to share best practices for keeping your accounts […] [Read More]

A handful of alternative-fuel vehicles are among the fastest-selling late-model used cars this year, and the market for these vehicles may be approaching an affordability “sweet spot” in pre-owned. That’s according to a study from iSeeCars.com, which analyzed more than 2.2 million sales of 1- to 3-year-old cars from January through May. With average days […] [Read More]

Buyer intelligence firm Autolist.com released data just before the Fourth of July holiday that shows that the $14.7 billion settlement for some Volkswagen diesel vehicle owners will compensate them “handsomely” for being dragged into what analysts coined as “Dieselgate.” The study, which is based on more than 37 million data points, described an “optimistic” story […] [Read More]

On Tuesday, I watched live as Donald Trump, presumptive Republican nominee for president, gave a fiery speech laying out his trade agenda. He spoke at an aluminum plant in western Pennsylvania, where his colorful take on the international marketplace (“NAFTA was the worst trade deal in history”) was well-received. Many aspects of Trump’s unconventional candidacy […] [Read More]