When it comes to the used-car market in India, it’s a bit “complicated,” a report from IndianBlueBook.com shows. There are 1.1 million used-car sales between consumers and other consumers each year, and then 2.1 million business-to-consumer sales divided between what the company called organized dealers (400,000), semi-organized dealers (500,000) and unorganized dealers (1.2 million), according to […] [Read More]

Many dealerships have a promotional moniker to distinguish itself in their market; for example touting the biggest selection of used vehicles. Hireology chief executive officer and co-founder Adam Robinson recommended that stores also generate a local reputation that helps the rooftop generate quality “ups” who could be high-performing, long-term employees. Robinson described the importance in […] [Read More]

MUSA Auto Finance said its platform now offers capability that separates it from any captive or other provider specializing in leasing of new and pre-owned vehicles, especially for customers who already have strong credit backgrounds. MUSA Auto Finance announced this week the launch of automated decisioning for leases submitted through Dealertrack, RouteOne or its online portal. […] [Read More]

While car shopper interest in Houston has just about fully recovered from a 21-percent decline in the three weeks after Hurricane Harvey first made landfall, shopping recovery has been slower in Florida’s cities following Hurricane Irma, according to new data from Jumpstart Automotive Media. The company examined shopper interest trends three weeks after Hurricane Harvey […] [Read More]

Auto Remarketing confirmed on Wednesday that Uber is out of the vehicle-leasing business. Based in part by what reportedly has been heavy residual value losses, an Uber spokesperson said the Uber will cease Xchange Leasing, the platform where drivers could lease vehicles and maintain monthly payments by serving as a driver for the online company. […] [Read More]

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]