The water is receding from Hurricane Dorian and Tropical Storm Imelda. Those events flooded vast areas of the East Coast and Texas. In the wake of Dorian and Imelda, thousands of damaged and flooded vehicles are emerging, said the National Insurance Crime Bureau. NICB says that means fraudsters may start trying to scam innocent car […] [Read More]

The latest reading of used-car sales projections shows a fairly strong market, including the certified pre-owned segment of the industry. ALG is expecting the third quarter will wrap up with 10.26 million pre-owned sales for the quarter. While that would be off 3.9% from the second quarter, it would be a 1.8% hike from Q3 of […] [Read More]

While there has been no shortage of Tesla-driven headlines lately, it is easy to lose sight of some fundamental points that often get ignored. Tesla is dominating the electric vehicle (EV) market by a wide — and growing — margin. The new Model 3 closed out the first quarter of 2019 as the best-selling luxury […] [Read More]

Ryan Davis says his company built its inventory finance business line Float by BacklotCars to be “a more transparent and flexible way to pay for inventory.” “The ability to give dealers a more personalized experience will help us further our mission to make wholesale easy,” Davis, who is BacklotCars’ co-founder, said in a news release. […] [Read More]

vAuto founder and Cox Automotive executive Dale Pollak joins the Auto Remarketing Podcast and talks about his upcoming fifth book, which will discuss the "fundamental flaw" in how "every dealer" manages and prices used-car inventory. "Now I realize that that's a pretty bold claim," Pollak said. "But I'm 100% positive, and, in fact, I'm capable […] [Read More]

Vehicle safety-recall, monitoring, intelligence and reporting company AutoAp says its new reference guide and user’s manual for auto dealers “codifies the problems and challenges of the safety recall ecosystem.” The reference guide and user’s manual for auto dealers, titled, “Safety Recalls: Think You’re Covered? – Mitigate Your Liability and Increase Profitability,” addresses the topic of […] [Read More]

Cherokee Media Group integrated more auto-finance workshops and presentations into Used Car Week beginning in 2013. And one of the primary reasons why conference organizers made that move was the National Automotive Finance Association. “When we looked to expand Used Car Week to include an auto-finance component, some of the first steps we took included […] [Read More]

Connected technology. Consumers continue incorporating it into their everyday lives. As that trend continues, established and new automobile manufacturers and dealers should take note and “provide their customers with the facilities, features and connectivity they have become accustomed to," said Metova president and chief marketing officer Jonathan Sasse. “The connected car is no longer a […] [Read More]

AutoPacific says its Ideal Vehicle Awards, or IVAs, are based solely on owner input, measuring “the fusion between owner expectations and reality.” “IVAs speak to a vehicle's layout and design,” AutoPacific president George Peterson said in a news release. "Giving owners a chance to tell us what they would change and how they would change […] [Read More]

With the peak of hurricane season now upon us, new data from CARFAX showed flood-damaged vehicles are resurfacing across the country. CARFAX estimates there are 408,280 flood-damaged vehicles on the roads nationwide, and experts said that number will likely rise following Hurricane Dorian that impacted the Southeast earlier this month. Vehicles reported as flood-damaged by a […] [Read More]