CarProof, one of Canada’s largest vehicle history report providers, announced Monday the sale of a minority stake in the company to an American-based private equity investment firm.   The new minority stake holder is San Francisco-based Hellman & Friedman, which has offices in London, New York and San Francisco. Ed Woiteshek, a director at Hellman […] [Read More]

As just one part of Auto Remarketing’s “Best in Pre-Owned Performance” issue this spring, we shared the top-selling dealers in four specific states – California, Florida, Ohio and Texas – based on 2012 full-year used retail sales data provided by Cross-Sell Reports, a division of Dominion Dealer Solutions. This time around, we take those same […] [Read More]

Double-digit growth in new-car sales tends to free up bucketfuls of used cars to enter the market, as these owners find new homes for their former rides. That certainly appears to have been the case in July. More than a quarter million instant trade-in offers were produced last month through AutoTrader.com’s Trade-In Marketplace, the site […] [Read More]

Here’s some good news if you’re a dealerwho sells certain Ford Fusions or Honda Accords. The 2013 model-year editions of these vehicles have not only been “winners” on the new-car sales and market-share growth fronts, but they’ve also retained more value on the used-car side than any other cars in their segment. That’s according to […] [Read More]

Two separate purchases involving players connected to the repossession, recovery and remarketing-related fields were announced on Thursday. Starting out with news from the Indianapolis area, ADESA announced that its PAR North America subsidiary bought Fontana, Calif.-based Auto Depot Remarketing. ADR works with various credit unions, regional banks and finance companies, and with this deal, PAR […] [Read More]

AutoPacific has announced the 2013 Ideal Vehicle Awards, based on surveys from more than 52,000 new-car owners on their satisfaction with their vehicles. Who came out on top? Well, Porsche is the top premium brand (Porsche has also won the IVA for sports cars in seven of the past eight years), while the top-scoring popular […] [Read More]

Luxury dealers looking to generate a few trade-ins might get a better idea of what kind of buyers make up their target audience, thanks to a list recently published by AutoTrader.com. The site has named its 10 Most Valuable Used Luxury Cars, as determined by the 3-year-old vehicles for which dealers are offering the most […] [Read More]

As the amount of nonprime, subprime and deep subprime auto loans moved higher year-over-year, Experian Automotive discovered that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since analysts began tracking the data seven years ago. According to its latest State of the Automotive Finance Market report, Experian found that 0.36 percent […] [Read More]

Though luxury vehicles continue to be the hardest used models to find, a few SUVs stood out in July — proving elusive for dealers looking to satisfy summer family road trippers and customers in the market for a roomier vehicle.  According to the latest installment of vehicle scarcity data that is provided monthly to Auto […] [Read More]

There will likely be at least a quarter million new-car intenders this year who decide at the 11th hour not to buy, according to estimates from CNW Research, which studied the reasons these shoppers choose this path. What the firm found is that the proportion that goes for a used car instead is down marginally […] [Read More]