Wholesale values are continuing their typical autumn descent, according to the COVID-19 Market Insights released by Black Book on Tuesday. However, analysts and auction observers noticed that consignors aren’t budging much when it comes to the floors for the limited volume of vehicles going through the wholesale market nowadays. With that scenario as the backdrop, […] [Read More]

TrueCar this past May launched TrueCar Military, a dedicated vehicle purchase program providing exclusive military incentives and exclusive benefits to those who have served in the U.S. armed forces and their families. Among the current TrueCar Military benefits is up to $4,000 in military Incentives on select makes and models. On Tuesday, TrueCar said it […] [Read More]

Kenny Cheung, who was recently promoted to executive vice president of finance, chief operational finance and restructuring officer for Hertz Global Holdings, has been named the company's chief financial officer. Cheung, who previously served as senior vice president of global financial planning and analysis and chief financial officer of North America at Hertz, joined the […] [Read More]

Global digital marketplace IAA says PayPal is now a new payment option for vehicle purchases, registration, fees and vehicle transportation booked online. As a result of the company’s customer experience, or CX discipline, IAA says it has researched and developed expanded payment options. Those options, according to IAA, offer more purchasing power and accessibility from what […] [Read More]

Sonic Automotive is beefing up its EchoPark Automotive retail hub location in Charlotte, N.C. The retailer bought roughly four acres of land adjacent to that EchoPark retail hub, which will allow for about 400 additional vehicles to be parked there. With this addition, there would be room for approximately 1,000 vehicles at the Charlotte EchoPark […] [Read More]

CARFAX Canada took home honors as the “Large Business of the Year” for the second time during last week’s London Chamber of Commerce Business Achievement Awards. The company previously won this award in 2012. The gala for the awards, which was held Wednesday at the Best Western Lamplighter Inn in London, was scaled down this […] [Read More]

A new service provider now is involved with an established program for independent dealerships to retail certified vehicles just like their franchised store competition. According to a news release distributed on Tuesday, GSFSGroup has partnered with the National Independent Automobile Dealers Association as the new administrator for automotive financial products through the NIADA Certified Pre-Owned […] [Read More]

As sales continue to rebound throughout Canada in the midst of the coronavirus pandemic, credit availability is playing an even more important role as dealers and buyers work together toward delivery. To help dealerships, finance companies and other part of the industry, Autocorp Technologies is working with Cherokee Media Group to host a free webinar […] [Read More]

Tech-enabled advertising agency Stream Companies says it has been chosen as a premier partner in the FordDirect Advantage Digital Advertising program, noting that with the partnership, Stream now has access to more Ford and Lincoln consumer data. Stream says it has been in advertising for more than 20 years, and the company said the new partnership […] [Read More]

A new video advertising platform for dealer inventory from LotLinx uses AI capabilities to position video advertising segments on channels and streaming platforms that consumers use in the car buying research process. The platform is called, VINtv, and among the product features is automatic generation of video advertisements for each VIN in a campaign. Another feature is […] [Read More]