This morning, Cox Enterprises announced the formation of Cox Automotive, an entity that includes more than 20 wholesale and retail auto brands — among them Manheim, AutoTrader.com and Kelley Blue Book. Forming Cox Automotive, officials said, “further strengthens the company’s investment in the automotive industry and provides end-to-end global solutions for customers throughout the vehicle lifecycle.” […] [Read More]

Coinciding with the National Highway Traffic Safety Administration rolling out its new recall database, NADA Used Car Guide discovered results of its automaker recall perception survey showed an overwhelming majority of consumers are paying more attention to recalls today than in the past. Based on an online survey conducted on NADAguides.com in response to the […] [Read More]

BillingTree is hosting a new series of interactive events titled, “Payment & Technology Spotlight Series — Technology and Innovation for the Digital Age.” The series, which includes monthly webinars, conferences and speaking engagements, is design to allow participants to learn from actual experiences by those who have successfully implemented specific payment and collection technologies or […] [Read More]

AutoPacific has announced its list, the 2014 Ideal Vehicle Awards, to distinguish vehicles that “best meet their owner’s expectations and desires” based on consumer feedback. According to the research firm, the most ideal popular brand of 2014 is GMC, while Porsche maintains the title of most ideal premium brand for the second year in a […] [Read More]

The National Insurance Crime Bureau announced its Hot Wheels report this week, the bureau’s annual release of the ten most stolen vehicles in the United States. The list features a perfect split between import and domestic automakers, with Honda’s Accord and Civic topping the list. Full-size pickups made up a considerable chunk of the list, […] [Read More]

When Ricky Beggs analyzed the various movements in wholesale prices from last week, there were two trends that jumped out. There weren’t as many value adjustments, he said, and the declines in price were not as pronounced. In fact, the number of adjustments hit a five-week low, Beggs pointed out, though most of the changes […] [Read More]

Although spending is up slightly, automakers are still being very judicious with incentives  — “pinpointed,” as AutoTrader.com senior analyst Michelle Krebs put it. So, when it comes to aftermath in the used-car market, there just really hasn’t been any ill effects. At least not yet. That was the take of Kelley Blue Book senior analyst Alec […] [Read More]

When they start the car-shopping process — much of which is spent online — 70 percent of Millennials are undecided as to what vehicle they want to purchase. However, by the time they get to your dealership, most already know which car they want to buy. And therein lies the two-fold opportunity for dealers when it […] [Read More]

Add this year’s National Remarketing Conference to the list of major industry events where discussion about the impact created by the Consumer Financial Protection Bureau is on tap. Wait a minute. You might be thinking the hallmarks of the NRC are connected with wholesale channels — vehicles moving from commercial consignors such as automakers and […] [Read More]

The key drivers to such strong growth in the new-car sales environment have more to with healthier economics than simply a carryover of pent-up demand — and one example of such a fortuitous sign has to do with leasing and lease returns. That’s according to prepared comments by Toyota executive Bob Carter at 2014 J.P. Morgan […] [Read More]