KAR Global has launched an online suite of interactive dashboards providing data and insights into the retail and wholesale used-car markets. Powered by KAR’s data science and analytics platform DRIVIN, the site includes interactive maps and graphs that allow users to access aggregated trends or more specific statistics into the retail and wholesale markets. KAR […] [Read More]

McConkey Auction Group (MAG) now has a single online home. On Tuesday, the company announced the launch of MAGauctions.com — a website that includes all segments of its wholesale auction businesses. Prior to its development and Friday’s deployment, the company had separate websites for DAA Northwest, DAA Seattle and its motorsports division. MAG highlighted that […] [Read More]

The coronavirus pandemic continues to intensify one of the basic principles of economics. Dealer demand for inventory is growing, but supply at the auction still isn’t back to the level seen before facemasks, stay-at-home orders and other COVID-19 connected elements became commonplace. The new COVID-19 Market Update from Black Book released on Tuesday described the […] [Read More]

EchoPark Automotive is making a “v-shaped” rebound, its president said, with sales for Sonic Automotive’s line of standalone used-car stores up double-digits in the first half of June and likely returning to pre-pandemic expectations this month. That was part of sweeping improvements Sonic shared on Tuesday, which included year-over-year hikes in pre-owned sales for the retailer’s […] [Read More]

EFG Companies wants dealers to generate up to $200,000 in revenue per year through a new F&I product rolled out this week. The firm announced the launch of its re-imagined Motorist Assistance Plan (MAP) vehicle service contract. EFG Companies highlighted this newly engineered VSC can provide dealers the potential to increase VSC sales by 15% […] [Read More]

Experian’s latest State of the Automotive Finance Market Report showed delinquency rates on auto financing declined during the first quarter. Experian determined 30-day delinquencies decreased from 1.98% in Q1 of last year to 1.93% in Q1 of this year, while 60-day delinquencies dropped from 0.68% to 0.67% during the same time frame. A deeper dive […] [Read More]

The Conference Board — a member-driven think tank founded in 1916 — acknowledged that rapid changes in customers’ attitudes and expectations are challenging marketers like never before because of the coronavirus pandemic. At the same time, it also presents major opportunities, according to new research from The Conference Board, which found that one of the […] [Read More]

With the Premier League set to return Wednesday, autoTRADER.ca has lined up an advertising partnership with DAZN, the sports streaming service that is the league’s exclusive home in Canada. The deal will run through the entire 2020 and 2021 Premier League seasons and makes autoTRADER.ca the first company to have category exclusivity on DAZN in […] [Read More]

Progress toward making automated driving systems better and safer took another step forward on Monday. The U.S. Department of Transportation announced nine companies and eight states have signed on as the first participants in a new agency initiative to improve the safety and testing transparency of automated driving systems. The participating companies involved in what’s […] [Read More]

Both S&P Global Ratings and Moody’s Investors Service are trying to use their data and information about the auto ABS market to project the health of finance companies and their portfolios later this summer and beyond. Each firm considered payment frequency, extensions and other actions to help finance company customers and what how those actions […] [Read More]