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]

Digital Motors and eLEND Solutions recognized how vehicle retailing is changing rapidly nowadays so they formed a strategic partnership with the intention of facilitating an integrated buying and financing experience — one that can result in buyers taking delivery in as little as an hour. The companies explained in a news release distributed this week […] [Read More]

Frost & Sullivan’s recent analysis considered the impact of the pandemic on the automotive sector under three scenarios — gradual containment, severe pandemic and global emergency —resulting in outcomes ranging from steady recovery to recession. Under the severe pandemic scenario, Frost & Sullivan concluded that OEMs will try to capitalize on China’s early recovery from […] [Read More]

Zach Hallowell, vice president of Manheim Digital, is back on the Auto Remarketing Podcast to discuss the top trends he noticed when the auto auction industry went mostly, if not entirely, digital for two months. To listen to this episode, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to […] [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]

Eliron Ekstein, co-founder and chief executive officer of Ravin.AI, joins the Auto Remarketing Podcast from Israel, where he chats remotely with Cherokee Media Group president Bill Zadeits.  They discuss the background of the UK-headquartered company — which offers automated inspections of vehicles, using "computer vision and deep learning to detect and monitor vehicle condition," according to […] [Read More]

Black Book has integrated its values into a new product from ReconVelocity that matches buyers to recon inventory “the minute it comes into inventory.” ReconVelocity is an end-to-end recon management platform that recently introduced the new product, called ReconMatch. The company said that with the addition of Black Book Values into ReconMatch, dealers can now determine […] [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]

Close to three-fifths of Canadian shoppers surveyed by CarGurus last month plan on buying a vehicle this year, with 41% saying they had intended to, but are now putting off that purchase. The survey, which was conducted among 500 Canadians, delved into car-shopping sentiments amid the pandemic, was released May 1 and included some findings […] [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]