CarGurus is expanding. The automotive marketplace said Thursday it has purchased car-shopping platform Autolist. Autolist, founded in 2014 and based in San Francisco, will continue to be run independently as a standalone brand and website. Founder Corey Lydstone will continue to lead Autolist and report to CarGurus chief financial officer Jason Trevisian. The companies did not […] [Read More]

ADESA president John Hammer says new general managers at four of the company’s wholesale vehicle auction locations “have proven their worth through their own career progression and the success of the auctions where they have worked over the years.” “Having great leaders who inspire our teams to strive for excellence is imperative, and here we […] [Read More]

A picture is worth 1,000 words. But Manheim vice president of offsite solutions Derek Hansen says, “audio/video files are even better.” Manheim says audio and video tags that it has added to its Manheim Express listings bring the sound of vehicles to life. With the tags, buyers can get a fuller understanding of the engine’s […] [Read More]

The certified pre-owned vehicle market is on the cusp of a decade run of record sales. With 2.8 million CPO vehicles sold, 2019 was the ninth straight year of best-ever certified sales, according to a CAMIO report from Cox Automotive this week. It was also a 4% hike from the prior year. But will 2020 […] [Read More]

Toyota took home six vehicle category wins, the most of any brand, and won top mainstream brand honors in ALG’s 2020 Canadian Residual Value Awards announced this week. Porsche was the overall winner on the premium side. The Residual Value Awards are awarded to the mainstream brand vehicles expected to retain the highest percentage of MSRP […] [Read More]

The dealership of the future, advancements in fintech, digital auction sales and economic indicators to watch were among the many topics on the table during the various panel discussions that took place at Used Car Week, which was held Nov. 11-14 in Las Vegas. Here’s a glimpse of some of those conversations. Dealers in the […] [Read More]

Five megatrends have the potential to bring modern technology’s full benefits to the mobility sector and to improve the commuter experience, according to Dominik Wee of Google Cloud. Those are autonomous driving, shared mobility, gaining deeper customer insights, digital manufacturing and connected cars. “Autonomous driving is what we believe is the most fundamental one because […] [Read More]

Fiat Chrysler Automobiles head of network development Phil Langley says the company realizes that a dealership reaches its maximum potential “when it reflects the community it serves.” The company in 2018 launched its Dealer Investment Program to provide financial support to high-potential individuals wanting to operate a Chrysler-Dodge-Jeep-Ram or Alfa Romeo-Maserati dealership, but have limited […] [Read More]

Tractica, a market intelligence firm that focuses on emerging technologies, sought to answer seven questions dealerships and other parts of the automotive industry might have as Mobility as a Service (MaaS) programs gain momentum. A new report from Tractica released on Wednesday indicated that MaaS is providing greater accessibility at similar or lower cost to […] [Read More]

Ernie Garcia says Carvana’s expansion of its offering into Minnesota allows it to reach more car buyers as the company continues its growth in the Midwest and beyond. Garcia is founder and chief executive officer of Carvana, an e-commerce used-vehicle buying and selling platform. The company announced its Minneapolis launch on Wednesday. “We’re looking forward […] [Read More]