Team Toyota in Indiana has primarily used CarOffer to acquire inventory, said its used-car manager Mike Miskus. “We’ve purchased over 70 units through the platform in the last couple of months and found it to be a fantastic new way to source upstream vehicles,” Miskus said in a news release. He continued, “It’s allowing us […] [Read More]

It’s already been quite a 2020 for Carvana expansion. The used vehicle e-commerce platform has already made at least 10 expansion announcements since the beginning of the year, with rollouts in states such as Wyoming, Wisconsin and Minnesota. On Jan. 30 and 31, the company brought its services to three markets in Central Valley and […] [Read More]

Potential buyers sometimes can quickly sour on a vehicle in your inventory if it has an unresolved recall. To help used-car managers track recalls, AutoMap has integrated AutoAp’s comprehensive safety recall management technology into its solution, helping dealers reduce safety recall liability and increase warranty reimbursement revenue in addition to their automated vehicle electronic-tagging, location […] [Read More]

The Manheim Used Vehicle Value Index established a new record to begin 2020. Cox Automotive reported that wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 0.39% month-over-month in January. That movement pushed the index to a new record high of 141.6, representing a 4.6% jump from a year earlier. Following a normalizing […] [Read More]

This week, Resolvion, released a new specialty suite of services.  The skip-tracing and repossession management firm explained these specialty services were designed to address many of the challenges that finance companies encounter in their repossession activities.  Resolvion’s specialty services include the following programs: • Rural area recovery • Bankruptcy recovery • Red Flag/Cease and desist […] [Read More]

The migration of experienced executives moving from one of the three traditional credit bureaus to Trust Science continued this week. The provider of artificial intelligence-powered credit scoring announced that Jeremy Mitchell has joined Trust Science as chief data and analytics officer. Mitchell was formerly vice president of analytic solutions consulting at Equifax where he supported […] [Read More]

“Not so bad” meaning “equally good and bad on either side of the coin,” is how Cox Automotive chief economist Jonathan Smoke sized up the economic outlook for 2020. Unemployment is at a 50-year low, consumer sentiment continues to be “relatively high” and consumers are seeing strong wage and income growth, he said. But there are […] [Read More]

Admittedly, Asbury Automotive Group didn’t start 2019 as strong as it would have liked on the used-car side. But it was a different story in the fourth quarter, with same-store used-vehicle sales climbing 10% year-over-year. The big driver? Certified pre-owned, where sales jumped 16% year-over-year in Q4, president and chief executive officer David Hult said […] [Read More]

Through a strategic collaboration between automotive business-to-consumer (B2C) chat company RAPID RTC and Cox Automotive Canada, RAPID RTC will integrate its chat service into Cox Automotive Canada’s Dealer.com and Dealertrack Digital Retailing systems. That, according to the companies, will “combine the personal touch of an in-store dealership experience with the convenience and transparency of best-in-class online […] [Read More]

Subaru’s high residual value is a main reason that the automaker has won the top brand ownership cost category in the 2020 Kelley Blue Book 5-Year Cost-to-Own Awards, Eric Ibara said. “Subaru claims the top brand position for the second year in a row, right on the heels of winning a Kelley Blue Book award for […] [Read More]