UPDATED to include analysis/data from LotLinx. Recapping used-vehicle sales from May shows a bit of a mixed bag. The month appears to have been much stronger than April, but hit a speed bump the final week. There was a 20.7% year-over-year decline in used-car sales the final week of May, according to Cox Automotive. “Like […] [Read More]

iRecon has revamped its reconditioning platform, with tool and capability enhancements for dealers including a Recon Dashboard. With the Recon Dashboard, dealers can view the status of any vehicle and take action based on reconditioning metrics that can be tailored to a dealership’s unique workflow. iRecon said its revamped reconditioning platform can help dealers gain […] [Read More]

Tricolor recently released a whitepaper about its success as a subprime auto-finance provider that specializes in working with Hispanic consumers, receiving designation as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department last year. Not only does the federal government applaud Tricolor’s 13-year-old automotive enterprise, but also just last week Kroll Bond Rating […] [Read More]

Jaguar Land Rover Canada has named connected car platform, Dealerware, to power its courtesy vehicle program, and that means Jaguar Land Rover retailers powered by Dealerware will now gain services such as contactless contracting and pickup and delivery. The decision means expansion for the program, following its roll-out as the preferred provider for Jaguar Land […] [Read More]

Edmunds discovered interest rates for new vehicles financed in May dropped to the lowest level seen by the industry in nearly seven years. Meanwhile, Edmunds indicated that rates for used-vehicle financing remain nearly steady compared to both this time last year as well as five years ago. Edmunds reported on Tuesday that the annual percentage […] [Read More]

Stating that the new service is the first of its kind to offer online transaction capabilities on a major Canadian automotive marketplace, TRADER Corp. has launched digital retailing on autoTRADER.ca. The new digital retailing service will work in conjunction with the Motoinsight MotoCommerce platform, and dealers using the service can provide customers with the ability […] [Read More]

Global automotive software and data company Renovo has chosen Parasoft's C/C++test and its Automotive Compliance Pack to aid the safe development, deployment nand operation of ADAS fleets at scale. Renovo chief technology officer Jason Stinson said Renovo was “an innovator in advanced data infrastructure.” “Renovo will utilize Parasoft C/C++test to achieve vital safety and quality […] [Read More]

Automotive Personnel founder Don Jasensky made his Auto Remarketing Podcast debut, leveraging his 30 years of experience at running his own executive search firm to offer recommendations for dealerships and finance companies welcoming back their furloughed employees as well as for workers who are returning either remotely or in person. The National Automotive Finance Association […] [Read More]

How does managing health and safety happen at a large corporation during a pandemic, with so many varieties of enterprise? Kenny Jones, senior director of health and safety at Cox Automotive, joins the Auto Remarketing Podcast to talk about just that. He discusses collaboration in health/safety efforts in the various entities of parent company Cox Enterprises, […] [Read More]

Universal Technical Institute is distributing grants to more than 10,000 students training for careers as transportation technicians, welders and computer numerical control machinists. With the cash grants, students impacted by the COVID-19 crisis will receive help with expenses such as food, housing, child care, transportation and technology. UTI, which provides technical training for automotive, diesel, […] [Read More]