Marc Cannon says AutoNation is grateful to NTT INDYCAR SERIES drivers Alexander Rossi, Jack Harvey, and Ryan Hunter-Reay, along with their teams. “They may be fierce competitors on track, but they’re on the same team when it comes to helping drive out cancer,” said Cannon, who is AutoNation executive vice president and chief marketing officer, […] [Read More]

General Motors has selected MAX Digital, a data-driven software provider for automotive dealers, as a turnkey program provider for its in-Market Retail, or iMR, program. Participating GM dealers can use their iMR funds and receive GM iMR co-op match on their purchase of services from MAX Digital as a turnkey vendor for inventory management with […] [Read More]

AAA reported on Monday that the nationwide average price for a gallon of gas stood at $2.38 with some locations like Texas, Oklahoma and Mississippi approaching the $2 mark. That’s the lowest cost at the pump in more than a year, according to AAA. As a result, Black Book is seeing values for fuel-efficient vehicles […] [Read More]

After an admittedly challenging 2019 for its TradeRev business unit, KAR Global outlined several adjustments to its approach for that digital dealer-to-dealer auction property in an earnings call last month. Among those adjustments: changing the go-to-market strategy for TradeRev, blending the TradeRev and ADESA sales teams and trimming incentives. And in a follow-up interview with Auto […] [Read More]

Byrider returned to stake a claim in the Windy City market with a revamped store about 30 minutes from downtown Chicago. The chain of buy-here, pay-here dealerships recently re-established itself in Bridgeview, Ill. In celebration of the grand opening, Byrider hosted a store event to showcase Bridgeview’s new Byrider store and branding. Village of Bridgeview […] [Read More]

Along with reviewing some of its 2019 metrics connected with the subprime auto asset-backed securities market, Fitch Ratings shared the five factors that analysts anticipate to have an impact throughout the securitization market this year. Analysts described these five factors as a part of its latest report titled, Auto ABS Index: In the Auto ABS […] [Read More]

Two more Manheim locations are now 100% digital, the auction company announced Tuesday morning. Less than a year after Manheim Tucson became the first to use this format, the company has converted Manheim Flint and Manheim Houston to all digital. Through this format, cars are parked in designated spots and sold to buyers both physically […] [Read More]

Dealers certainly are a resilient bunch, but they understand the challenges they currently face as reflected in the Q1 2020 Cox Automotive Dealer Sentiment Index released on Monday. U.S. dealers’ view of the current automotive market remains negative and is mostly unchanged from the fourth quarter. However, dealers see improvements coming in the spring. According […] [Read More]

The fact that the auto industry is conditioning consumers to do most of their research and purchasing online is uncontested. What is debatable, however, is whether we are making it easy for this new behavior to be adopted. Nearly 100% of dealerships’ or OEMs’ marketing budget and strategy (both traditional and digital) is geared toward […] [Read More]

Used vehicles, dare it be said, have become somewhat sexy. In the not too distant past, used vehicles took a back seat to their more glamorous new-vehicle brethren. Often relegated to the far back lot, used vehicles were not the sale of choice for many dealers. Boy have times changed. Today, used vehicles aren’t simply […] [Read More]