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Top 10 Fraud Stories of 2019

Top 10 Fraud Stories of 2019

A number of U.S. auto dealers and dealership sales and F&I personnel were the victims or alleged perpetrators in several major fraud cases this year.

December 30, 2019

Used Car Price Gap Grows to $15K in Q3 Report

Used Car Price Gap Grows to $15K in Q3 Report

Edmunds’ latest Used Car Report finds high off-lease volumes have suppressed prices and widened the gap between new and 3-year-old models to an average of $14,951.

December 13, 2019

DealerSocket Adds Single Page Appraisal to Inventory+
Q3 Auto Finance: Used Accounts for 55% of Loans
Pre-Owned Values Down 1.4% in November

Pre-Owned Values Down 1.4% in November

Black Book reports retained values for used vehicles decreased sharply last month. If the index holds through December, it will end 2019 on a year-over-year decline of nearly 2%.

December 2, 2019

Report: Spike in Wholesale Volume Hurts Pre-Owned Values
Picard Moves to New VP Role at Manheim

Picard Moves to New VP Role at Manheim

As vice president of industry partnerships, Julie Picard will provide leadership and strategic direction in Manheim’s work with auto dealers and other groups.

November 21, 2019

Mass. Dealer Agrees to Nearly $1M Settlement

Mass. Dealer Agrees to Nearly $1M Settlement

The Boston-area AutoMax group has agreed to a $925,000 settlement after facing accusations of misrepresenting vehicles, warranty and service contract coverage, and fees.

November 21, 2019

ADESA Adds VirtuaLane Support to Mobile App

ADESA Adds VirtuaLane Support to Mobile App

A new internal integration was designed to facilitate access to all 26 ADESA VirtuaLane locations through the company’s proprietary Marketplace mobile app.

November 13, 2019

Used Trucks Lost More Value Than Sedans in October
September Depreciation Report Shows 1% Overall Decline
Recall Sweep Targets AutoNation Dealerships

Recall Sweep Targets AutoNation Dealerships

The U.S. PIRG Education Fund issued a damning report after finding one in every nine used vehicles for sale at 28 AutoNation-owned locations in 12 states is subject to an open recall.

October 16, 2019

Report: GPS Tracking Reduces Impound Costs

Report: GPS Tracking Reduces Impound Costs

In the year since impound fees cost the used car industry $1.1 billion, new data released by Spireon shows maturing technology has made a positive impact.

October 11, 2019

Summer’s End Puts Retention Index on Downward Track
MAX Digital Powers DealerCenter Enhanced Market Pricing