Veros Credit attributed two specific performance metrics and critical enhancements that pushed the subprime auto finance company to a record-breaking year in 2019 and boosted dealer satisfaction to an all-time high. According to a news release sent to SubPrime Auto Finance News this week, Veros Credit captured a 20% increase in contract origination year-over-year, while […] [Read More]

This year will mark “the beginning of a slight decline in total” used-vehicle sales, says Cox Automotive chief economist Jonathan Smoke. But keep this in mind: used-vehicle sales by dealerships should keep on climbing. “We believe the retail market will continue to grow as the supply shifts to higher-quality, younger and more expensive used vehicles,” Smoke said […] [Read More]

For the fifth consecutive year, the Ford-F-150 is the top-searched vehicle on autoTRADER.ca. And according to 2019 data that autoTRADER.ca recently released from its annual Top Searched Vehicles list, another truck moved into the list’s top 10 in 2019 – the Ram 1500. That vehicle climbed from spot No. 32 in 2018 to No. 7 […] [Read More]

The expansion of digital retailing and how rising new-vehicle prices coupled with an ample supply of off-lease vehicles could tip the scale in favor of used-vehicles over new, are some major trends that will keep the retail industry on its toes in 2020. That’s according to dealers and industry experts who attended Used Car Week, […] [Read More]

The former leader of a top U.S. ally. The chairman and chief executive officer of one of the world’s largest automakers. A journalist turned award-winning standup comedian. They’re all set to be keynote speakers at NADA Show 2020. The annual gathering of the National Automobile Dealers Association and the automotive retail industry at large happens […] [Read More]

Following the retirement of Van Koppersmith, president and founder of ACS, now Dominion DMS, Dominion Dealer Solutions has promoted Sharon Kitzman to president of Dominion DMS. As president, Kitzman will be responsible for launching Dominion’s new DMS product, VUE, which Dominion Dealer Solutions president Dan Sykes says could have a “transformational impact” on the company’s […] [Read More]

In measuring the usefulness of automotive manufacturer websites during the process of shopping for a new vehicle, Mitsubishi is the highest-ranked mass-market brand. That is according to the J.D. Power 2020 Manufacturer Website Evaluation Study — Winter, which examines four measures, in order of importance: information/content, appearance, navigation and speed. In the luxury manufacturer brand […] [Read More]

Warren Henry Auto Group says its new 800,000-square-foot North Miami headquarters, which is home to Jaguar, Land Rover, Infiniti and Koenigsegg, includes the nation's largest electric vehicle charging facility. The site is projected to be the largest Land Rover and Jaguar store in the entire nation, said Warren Henry Auto Group president and chief executive […] [Read More]

Autotech Ventures, a Silicon Valley-based venture capital firm focusing on transportation technology, has landed an investment from Lear Corporation designed to help mobility technology startups. The investment, announced by Lear on Tuesday, is through the Lear Innovation Ventures. Autotech primarily specializes in “software, services and electronics startup companies working to enable connected, autonomous, energy-efficient vehicles […] [Read More]

As new vice president of sales for Canadian Black Book, Yolanda Biswah will have leadership responsibility for all Canadian licensing of data-related products. Biswah started with Canadian Black Book in 2015. She previously served as director of sales and customer experience. She will oversee Canadian Black Book’s sales strategy, working to further the company’s growth […] [Read More]