A comprehensive report from iSeeCars.com released earlier this month found there was a 105.5% month-over-month spike in used-vehicle sales for May, with the year-over-year deficit slimming from 38.4% in April to 12.5%. That same report also found that the used-car gains and losses in May tended to vary among geographic areas, vehicle segments, makes/models and […] [Read More]

The International Automotive Remarketing Alliance (IARA) opened registration for its 2020 IARA Virtual Summer Roundtable, highlighting five unique characteristics of this event on tap for Aug. 20. According to a news release, the IARA will be offering a virtual expo hall and unique sponsor positioning, opportunities for interactions between attendees, relevant topics and keynote speakers, […] [Read More]

Jake Levant sees how the vehicle purchasing and financing process has improved for the consumer, but the vice president of marketing and partnerships at Lightico also emphasized that dealerships and finance companies still have some work to do to cut down on the friction buyers still experience. In this podcast, Levant explores how the coronavirus […] [Read More]

DDI Technology is now more entrenched in the Hoosier State. On Thursday, the electronic lien and title technology firm and subsidiary of IAA announced a partnership with the Indiana Bankers Association (IBA). DDI was selected by IBA as a preferred service provider for electronic lien and title services. Officials highlighted the new agreement allows DDI […] [Read More]

Kroll Bond Rating Agency is seeing some finance companies — especially in non-prime — holding securitized pools of auto paper with contract modification levels as high as 21%. The noteworthy trends came via KBRA’s May auto loan indices when analysts examined the asset-backed securities market. KBRA indicated May remittance reports showed improving securitized auto loan […] [Read More]

One of the signature moves by ESPN college football commentator Lee Corso when trying to emphasize a point includes holding up a pencil and telling his colleagues on the TV program, “Not so fast, my friend!” Well, KAR Global chief economist Tom Kontos did a bit of an impersonation this week when sharing the company’s […] [Read More]

While still much softer than year-ago levels, June’s used-car sales are expected to climb 16% month-over-month, according to the latest forecast from TrueCar subsidiary ALG. And conditions could improve further in pre-owned, with additional supply on the horizon, financing deals and attractive prices. Plus, the initially heavier impact on used from COVID-19 compared to new […] [Read More]

A pair of Jaguar Land Rover dealerships each described positive experiences using tools from Digital Motors. And now more franchised stores for those luxury OEMs can choose to use the same solutions as Digital Motors announced on Thursday that the company has been named a certified vendor for the Jaguar Land Rover Digital Certified Program. […] [Read More]

One of the hardest parts of running a business is finding good help. I imagine most dealers agree with that statement. I think that is part of the difficulty, you are looking for help. A warm body to fill a spot. You do need people to help you, but they should not be seen as […] [Read More]

Auction sales volumes in the Canadian wholesale vehicle market are back to being at roughly 70% of where they would normally be, following another round of “significant growth” last week, according to Canadian Black Book. And further gains are likely over the next few weeks, CBB said in its weekly COVID-19 Market Update released Tuesday. […] [Read More]