HyreCar and Sansone Jr.’s 66 Automall are collaborating to help consumers with soft credit histories who are looking to drive for programs such as Uber and Lyft. On Tuesday, HyreCar, the carsharing marketplace for ridesharing, announced that it has launched a free credit repair program for new rideshare drivers in New Jersey and Pennsylvania in […] [Read More]

Data from the Hearst families of companies — including Jumpstart Automotive and Black Book — showed how consumers continue to shift their interest toward used vehicles as new models become more expensive. However, Cox Automotive’s collection of experts reiterated that automakers certainly are not decelerating their efforts to keep new metal turning, using incentives and […] [Read More]

Chances are, if you watch TV tonight, you will see a holiday-themed car commercial about the savings that can be had on a new vehicle But as it turns out, the discounts on some used vehicles are merry and bright, as well. According to an iSeeCars.com analysis of 2.4 million sales of 1- to 5-year-old […] [Read More]

Consumers in search of a sedan to serve as reliable transportation might be able to secure quite a lease deal in December, according to the latest update from Wantalease.com shared this week. Site analysts indicated Ford and Volkswagen are offering the most generous discounts on their entry midsize cars, while most luxury vehicles and midsize […] [Read More]

While 2018 represented another year of stagnant sales of new cars and trucks, quite the opposite was true for used vehicles. In fact, for most of the year, especially during the summer months, used vehicles maintained much of their prices and values compared to the last few years. Typically, summer is when most used cars […] [Read More]

President Trump happily signed the new United States-Mexico-Canada Agreement (USMCA) on Friday; a pact that replaced the North American Free Trade Agreement (NAFTA). And a trio of Cox Automotive experts also shared an upbeat assessment of the actions that might eventually trickle down to auctions and dealerships as new models become used vehicles. “The USMCA […] [Read More]

The Jim Butler Auto Group wanted to know more about consumer appeal of digital vehicle subscription services. So the group that’s comprised of eight dealerships orchestrated a survey as it began to pilot its own subscription service. On Thursday, the Jim Butler Auto Group released findings from its 2018 Automotive Technology Survey. What perhaps pleased […] [Read More]

In the earnings call with investors for the third quarter of 2018, TrueCar chief executive and president Chip Perry outlined several new initiatives of interest to dealers. This article highlights these and provides a brief financial summary. In his comments, Perry noted new initiatives to improve TrueCar’s value to dealers — including a new trade evaluation tool […] [Read More]

No doubt about it: New-car sales have remained strong this month, albeit down a bit from year-ago figures. But there are headwinds picking up speed, including some originating from the used-car market. First, the new-car metrics expected this month: According to Cox Automotive, the 1.36 million new-vehicle sales (including fleet) expected for November would be close […] [Read More]

Two dealers have traded in well-worn trade-in practices for a new model. The new one is based on appraisal-to-delivery ratios that sell more cars and creates more downstream F&I and service revenues. They call this strategy appraisal effectiveness. “I want to appraise every car, whether a trade, a private sale, cars in the service lane […] [Read More]