Late on Thursday, TrueCar initiated a workforce reduction impacting 219 positions, accounting for more than 30% of the organization. According to a news release, TrueCar explained the action came as a result of two circumstances impacting the company. First, the company made the move in anticipation of the termination of its partnership with USAA Federal […] [Read More]

Costco Auto Program and Chevrolet are teaming up on an exclusive program for Costco members: The Chevrolet Limited-Time Special. The Chevrolet Limited-Time Special features three models that are popular with Costco members: Silverado, Tahoe and Suburban. Costco says the Silverado — offered in light-duty and heavy-duty models — has been the pickup truck most requested […] [Read More]

Strong model availability. Incentives offered. Long powertrain warranty. Good bumper-to-bumper coverage and additional ownership perks. After evaluating all of the available certified offerings on the market based on those factors, Autotrader editors have picked the best non-luxury and luxury certified pre-owned programs for 2020. Autotrader selected Hyundai as the top pick for the non-luxury CPO program and named […] [Read More]

The National Automobile Dealers Association, the American International Automobile Dealers Association and the Auto Care Association were among the more than 200 diverse trade associations and other groups calling for Congress to provide temporary and targeted liability relief legislation through an initiative pushed by the U.S. Chamber of Commerce. The U.S. Chamber of Commerce asked […] [Read More]

Compliance expert Randy Henrick, formerly of Dealertrack and now with Ignite Consulting Partners, offered insight about potential dealership advertising pitfalls during the COVID-19 pandemic during this episode of the Auto Remarketing Podcast. Henrick also touched on a few of the compliance differences that can come into play when a vehicle is delivered somewhere else other […] [Read More]

Flick Fusion, which offers a video hosting, marketing and distribution platform to automotive and other inventory-based industries, has added 18 new customers to its network of value-added resellers, or VARs, in the past two and a half months of COVID-19 social distancing implementation. The company said it has done that as demand for video marketing […] [Read More]

Used-car sales this month are likely to be about two-thirds of what they were a year ago, but more than double the total from April. That’s according to a forecast released Tuesday by the ALG division of TrueCar, which is projecting 2,342,597 used sales for May. That marks a 34% year-over-year dip but a 116% […] [Read More]

Foundation Automotive has acquired the Freestone Auto Group in Fairfield, Texas, stating that Freestone’s local roots will help Foundation expand its Central Texas footprint. Foundation, an international group with Canadian and U.S. locations, said Freestone has a long-standing history of selling Ford, Chrysler, Dodge, Jeep, RAM, Chevrolet and custom commercial trucks. Freestone, through the Service […] [Read More]

TrueCar is continuing financial payment relief for its dealer customers through June. The automotive digital marketplace said it would automatically reduce subscription invoices by 25% in states where its pay-per-sale or performance-based billing arrangements are not currently available. The June discount follows TrueCar’s previously announced 50% reductions to those dealers’ April and May invoices. TrueCar […] [Read More]

Toyota/Lexus Minority Owners Dealership Association board president Ed Fitzpatrick says that because of the coronavirus pandemic, many families are “vulnerable and in a state of economic instability.” Because of that, the association, which represents the needs of minority dealers within Toyota and Lexus, is working with The Salvation Army to fill the pantries of families […] [Read More]