Black Book executive vice president of operations Anil Goyal got straight to the point in the latest edition of the Market Insights report distributed on Tuesday. Goyal said, “This November was the weakest month in two years as used-vehicle values reversed course and started to decline sharply after a strong start earlier in the year.” […] [Read More]

Wantalease.com spotted leasing opportunities that could help franchised dealers finish 2019 on a high note. Site officials reported the Nissan Sentra is currently priced the lowest of all vehicles, with payments as low as $139 per month.  The Ford Focus is not far off with new lease payments sitting at $159 per month, followed by […] [Read More]

Amazon recently announced the order of 100,000 electric vans to be delivered by 2030. For perspective, that’s more vehicles than FedEx currently uses worldwide. Of the many points of discussion around autonomous electric vehicles and the services they are expected to deliver, one underrepresented topic is the battery capacity of electric vehicles and the limitations […] [Read More]

Santander Holdings USA, Santander Consumer USA Holdings and Wells Fargo all made high-level leadership changes on Tuesday morning with an executive shifting from one institution to the other being among the moves. According to separate news releases, Timothy Wennes has been named Santander US chief executive officer and country head, effective immediately. Wennes succeeds Scott […] [Read More]

Agora Data and Ignite Consulting Partners took another step together in their working relationship on Monday to help buy-here, pay-here dealers and other operations that specialize in subprime auto financing. The companies have entered into an agreement whereby Ignite will provide compliance services in support of AGORA’s Certified Member initiative. The companies highlighted the AgoraCertified […] [Read More]

This past fall, Nick Zulovich shared a conversation with Daniel Chu, who currently serves as founder and chief executive of Tricolor Auto Group and Ganas Holdings. The branded chain has 30 dealerships across 12 metropolitan markets in Texas and California. Chu not only discussed the sale and financing of vehicles to Hispanic consumers, but he […] [Read More]

A new integration between Uber for Business and dealer service department communications and payments software provider myKaarma could help dealerships reduce shuttle costs and guest wait times, decrease the number of days needed for loaner cars and simplify travel management, according to the companies. The companies say the integration can provide dealer service departments with an efficient transportation method […] [Read More]

This piece, the full version of which appears in the upcoming Dec. 15 print edition of Auto Remarketing, delves into the recent quarterly results and developing trends at publicly traded online auto marketplaces CarGurus, Cars.com and TrueCar. Each of these companies released their third-quarter results in November and held accompanying earnings calls. Here are some of the […] [Read More]

Tim James says videos that promote manufacturers’ monthly incentives are “one of the most-used and desired types of marketing content.” James is chief operating officer for Flick Fusion, which offers a video hosting, marketing and distribution platform to automotive and other inventory-based industries. The company on Monday introduced Dynamic Marketing Videos, or DMVs, for auto dealerships, […] [Read More]

CarNow senior vice president of product and business development Aaron Baldwin believes that Northwood University is “best in class in producing talented automotive leaders.” Northwood University specializes in managerial and entrepreneurial education. “We are confident that our future talent will come from schools like Northwood,” Baldwin said in a news release. Many students attend Northwood […] [Read More]