Used-vehicle prices are up just 0.2% this month, a $40 increase, according to Carfax. On the surface, that may seem steady. However, there are some basic economic drivers at play that are balancing out the market, Carfax says in analysis around its monthly index, and that could have implications for both dealers and consumers. Especially […] [Read More]

If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform serving the insurance and automotive industries, said on Monday that it gained an additional strategic […] [Read More]

Vehicle Market Research International, which has provided used-vehicle values to consumers and businesses for more than 35 years, said last week it is now providing API access to the company’s used-car valuation data on Canadian vehicles up to 16 years old. The VMR plans are usage-based, meaning all employees of a company could access the […] [Read More]

AutoCanada is ending its online consumer-to-consumer finance and insurance business and its Kijiji-based instant cash offer business. The dealer group said Monday that it has repurchased iA Financial Group’s 10% common equity interest in 15154871 Canada Inc. for $8 million in cash. With that transaction, the parties have concluded their investment arrangement related to AutoCanada’s […] [Read More]

Independent dealers landed in the nation’s capital on Monday, as the National Independent Automobile Dealers Association is hosting its 12th annual National Policy Conference. There’s a two-part plan for these dealers coming to Washington, D.C.: Sharpen their advocacy skills and then carry their messages directly to Capitol Hill. The conference opened with a general session […] [Read More]

Hudson Cook partner Eric Johnson is taking on extra responsibilities nowadays. Johnson is also chair of the Conference on Consumer Finance Law (CCFL), which started its year-long 100th anniversary celebration in September with a series of events and initiatives recognizing a century of education, scholarship, leadership, and excellence in consumer financial services law. Founded in […] [Read More]

Asbury Automotive Group has a new look in the Boston area. On Thursday, the dealer group celebrated the grand opening of Herb Chambers Toyota of Boston in Medford, Mass., completing a multi-year project that turned a five-acre office campus into a renovated and expanded car dealership. The existing structure, which had been the former Century […] [Read More]

Upstream digital remarketing isn’t a future trend — it’s already a game changer in parts of the remarketing business, and a drag in others. The difference comes down to where and how you use it. As we discussed in the first segment of this series (read the first article here), let’s take a look at […] [Read More]

Cherokee Media Group president and Used Car Week chair Bill Zadeits was a guest on Friday’s CBT Live to elaborate about the company’s new media and content partnership with CBT News involving the industry-leading conference. Earlier in the week, CBT News and Cherokee Media Group rolled out their partnership that brings together one of the […] [Read More]

How passionate are Los Angeles Dodgers fans? Consider this head-scratcher. The price of regular unleaded gas in the LA metro area is $6.3361 per gallon as of Friday, according to AAA. And according to … well, anyone even remotely following baseball, the Dodgers are currently the most successful MLB franchise, having won two straight World […] [Read More]