The dealership group may not discuss it publicly very often or show its hand. But don’t be mistaken. Asbury Automotive Group is working on — and investing in — its digital capabilities. “We all agree this industry is changing, and it’s changing very rapidly. And so are we. We are not very public about what […] [Read More]

A new survey from CarGurus reveals that the first car buying experience of millennials starkly differs from that of previous generations. Compared to millennials, baby boomers were not only found to have been more involved when selecting their first car, but were also far more likely to have contributed to the purchase cost, the online automotive […] [Read More]

Along with some insight regarding behavior of new college graduates, Swapalease.com on Monday reported credit applicants for vehicle lease transfers dropped in April on both a sequential and year-over-year basis. However, the downward movements didn’t surprise site officials. The site indicated applications coming into its pipeline registered only a 60.0 percent approval rate for April, […] [Read More]

Whether they’re hauling surfboards in California, trekking mountains in Carolina or navigating the Capital Beltway, used-car shoppers, as it turns out, are apparently big fans of the Jeep Wrangler. CarMax looked at search data from its website and found that, so far this year, the Wrangler has been the most-searched-for used vehicle nationwide. It wasn't […] [Read More]

While quality and affordability are regarded as key decision factors when purchasing a car, America’s growing group of millennial consumers are most likely to consider brands that fit with their personal image instead, according to Cambridge Analytica, a data analytics and behavioral communications provider  “Finding brands which fit their personal image was the largest growing […] [Read More]

In Episode 3 of the Auto Remarketing Podcast, SubPrime Auto Finance News senior editor Nick Zulovich hits the road to talk with Jeremiah Wheeler of Digital Recognition Network. Plus, Nick talks with Auto Remarketing senior editor Joe Overby about some good signs for wholesale vehicle prices. Note: this is an updated version of the episode […] [Read More]

For auto finance providers still unsure about the value of its vehicle location data, Digital Recognition Network (DRN) highlighted the experience of just a single client — Philadelphia Federal Credit Union (PFCU). PFCU is an early adopter of DRN’s enterprise subscription for auto finance, DRNsights. Here is a breakdown of what happened to this credit […] [Read More]

Autotrader has launched a television advertising campaign with Disney Pixar's “Cars 3,” which includes a 30-second television commercial featuring members of the well-known cast that will debut on television during the 2017 NBA Playoffs on TNT. "Collaborating with Disney Pixar's 'Cars 3' was a natural fit for Autotrader for more than the obvious reason of the spotlight our […] [Read More]

Reynolds and Reynolds in the U.K. announced that it has expanded its suite of retailing tools for dealers. "The customer-dealer relationship continues to change," Reynolds U.K. Automotive managing director Adele Feeney said in a news release. "Over the past several years, we have expanded our suite of retailing tools for dealers. These tools are helping […] [Read More]

Asbury Automotive Group named its new chief financial officer late Friday afternoon. Chosen for the role of senior vice president and CFO is Sean Goodman, who comes to Asbury from Unifi, a company in the textile industry. He will join Asbury on July 5, replacing Keith Style, who was set to step down on March […] [Read More]