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trade-in value

Norman/Classic Adds Diminished Value and Depreciation Programs

The two new programs are backed by Lyndon Southern Insurance Co. The first provides a trade-in credit of up to $10,000 if a vehicle is involved in a collision and repaired, while the other pledges to cover depreciation (up to $10,000) if a vehicle is stolen and not recovered or is deemed a total loss as a result of an accident.

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Black Book Covers Trade Appraisal Best Practices in New White Paper

The firm's white paper sheds light on the disconnect between consumers and many dealers when it comes to trade appraisals. It also explores what’s at stake when a consumer introduces a trade-in as a part of the transaction.

CATA, DriveChicago.com and Scout Automotive to Partner

Thanks to an agreement between the Chicago Automobile Trade Association and Scout Automotive Marketing, Scout’s Trade Express trade-in valuation tool will now be available on the DriveChicago.com site. The tool provides trade values for vehicles using data sourced from the NADA Guides.

Dealertrack Expands Inventory Management Solution

Dealertrack Technologies’ all-new Inventory+ offers a vehicle trade-in quote module designed to help dealers win more trade-ins and convert more leads into sales. The tool also offers a fully integrated transportation tool.

N.J. Dealer Admits to Fraud

The operator and manager of Klause Cars and Trucks Inc. pleaded guilty to wire fraud charges associated with a scheme to defraud finance sources and customers who traded in and bought vehicles at his dealership.

High Trade-in Values to Boost New-Car Sales, Says NADA Analyst

NADA Used Car Guide analyst Jonathan Banks anticipates trade-in values to stay high throughout 2012.

DMEautomotive Releases Customer-Retention Program

DMEautomotive announced the launch of Best Chance Equity Communications, a program designed to help dealers build up late-model, used-vehicle inventory, move more new vehicles and increase customer sales retention.

Ally Expands Buyer’s Choice to 12 Additional States

Ally Financial announced that its Ally Buyer’s Choice program will be in 17 states by Dec. 12.

Boost in Floor Traffic Could Signal Strong October Finish, CNW Says

October kicked off to a strong start after the new-car industry broke out of its summer funk in the second half of September, according to the Bandon, Ore.-based CNW Research.

Bubble Economics: Predicting the Used-Vehicle Correction

ALG’s Eric Lyman talks to the magazine about the potential pricing bubble looming over the used-vehicle market in this exclusive interview with F&I and Showroom magazine.