Technology is evolving at an exciting pace. Artificial intelligence. Blockchain. Mobile e-commerce. Ride sharing. They’re not fictional. If they’re not already being utilized at your company, they’re being incubated. Bearing that in mind, Cherokee Media Group is launching the Automotive Intelligence Summit (AIS), which will be held July 24-26, 2018 at the Raleigh Marriott Crabtree […] [Read More]

Once the No. 1 top-selling vehicle segment as recently as 2014, midsize sedans have been bumped to fifth by compact SUVs, large trucks, midsize SUVs and compact cars, according to Edmunds. respectively.  The latest analysis data from Edmund’s shows market share for midsize sedans is now just 10.7 percent. This is the segment’s lowest share […] [Read More]

Elevated new-vehicle incentives are helping to slow the overall sales pace of certified used cars and trucks, analysts said, but some automakers’ CPO sales are still thriving. Industrywide sales of certified used cars and trucks in August dipped 1.4 percent to 230,013 but were up 0.3 percent to 1,798,711 units in the first eight months, […] [Read More]

Innovative Funding Services president Tim Janssen, who founded the company in 2007, is retiring from his post on Jan. 1, the company said in a news release.  Chad Shoemaker, who is currently chief executive officer of IFS, will add the role of president to his title. Janssen managed the role of vice president of business […] [Read More]

Well, here’s a title Tom Brady and the New England Patriots didn’t win. With Friday marking the first official day of fall and football season already in full swing, Swapalease.com shared results of its NFL & Cars Survey, where thousands of drivers across the country made predictions about their favorite NFL teams, and also paired […] [Read More]

The Enterprise Rent-A-Car Foundation announced Wednesday it has pledged $750,000 to the American Red Cross and $250,000 to Americares to help communities devastated by Hurricane Irma. The $1 million in donations from the philanthropic arm of the Enterprise Rent-A-Car brand will go towards relief efforts in both the Southeast U.S. and the Caribbean, the company said. Enterprise's support for disaster relief now totals $3 […] [Read More]

Car shoppers have recently shown increased interest in segments such as luxury sport, coupe, luxury sport sedan and large SUVs, according to Jumpstart Automotive Media’s latest shopper interest data report. From July to August, across Jumpstart’s portfolio of sites, shopper interest in the luxury sport segment grew 28 percent; the coupe segment grew 15 percent; […] [Read More]

With hundreds of thousands of vehicles potentially impacted by Hurricanes Harvey and Irma, the destruction from the storms and its effects on the car business is multi-faceted and complicated, to say the least. One head-scratcher that comes to mind: What happens to cars that were previously certified pre-owned but sustained damage during the storm? “You’re […] [Read More]

On July 10, the Consumer Financial Protection Bureau (CFPB) issued a rule banning companies from denying arbitration to groups of people. And, if everything passes, the law should go into effect in September. For auto retail dealers and lenders, this change is just one more turn of the screw clamping down on the ability to […] [Read More]

For dealers who still might be a bit apprehensive about buying vehicles online, Automotive Finance Corp. and TradeRev rolled out a new incentive. AFC and TradeRev on Wednesday announced what they called an “unprecedented” promotion aimed at encouraging dealers to “go digital.” The promotion allows dealers to pay no AFC floorplan financing fees and zero percent […] [Read More]