Absolute Sourcing is a new feature to DealerSocket’s Inventory+ that the company says “takes a dealer’s buy/sell list to the next level.” It does that by showing dealers where to acquire vehicles that fit in their inventory. Absolute Sourcing and New Car Pricing are two enhancements that DealerSocket will unveil at NADA this year, and […] [Read More]

Spireon’s latest tool that the company says is the first connected car solution truly designed for franchise dealers is set to roll out this month. Leveraging the strategic integrations with Cox Automotive’s HomeNet and Dealertrack DMS as well as CDK Global, and Reynolds and Reynolds, Spireon highlighted the six primary capabilities of Kahu Connect, which […] [Read More]

E-commerce platform Carvana describes itself as the fastest-growing auto retailer in the United States. Noting that rapid growth, Carvana founder and chief executive officer Ernie Garcia says “We’re growing incredibly fast and expanding as-soon-as-next-day delivery to more communities every day.” That growth continued with Carvana’s Wyoming launch announcement on Monday, with the company offering as-soon-as-next-day […] [Read More]

Autonomous mobility solutions company Beep says its advisory board members play an important role in the company’s long-term strategic direction and decisions. On Tuesday, the company announced that former Volkswagen Group of North America chief executive officer Hinrich Woebcken would be contributing to that direction and those decisions as its newest advisory board member. Florida-based […] [Read More]

After lane activity seemed to be accelerating quickly toward spring-market conditions, Black Book noticed auction atmospheres throttled back down a bit, according to the latest installment of its Market Insights report. The value trends analysts discovered — coupled with anecdotes from representatives in the field — prompted Black Book executive vice president of operations Anil Goyal […] [Read More]

More than a decade removed from the Great Recession, media analysts and economists believe there is potential for an economic downturn to occur within the next few years. Despite the speculation, the automotive finance market appears to be strong. In fact, Experian’s Q3 2019 State of the Automotive Finance Market report continues to show year-over-year […] [Read More]

The National Independent Automobile Dealers Association recently selected its newest Bronze-level National Corporate Partner, going with a firm that aims to help dealerships improve communications with their customers. The newest partner is Podium, a leading interaction management platform in the auto service industry that works with more than 40,000 businesses worldwide, including 5,000 dealerships in […] [Read More]

The experts at ALG, Cox Automotive and Edmunds spotted a stable start to 2020 on the auto-finance front, with annual percentage rate (APR) for used vehicles remaining nearly steady and APR on new models moving higher but not dramatically. Plus, incentives leveraged by automakers actually declined. According to data from Edmunds, average APR on used […] [Read More]

Larry H. Miller Dealerships’ footprint in Albuquerque, N.M. is now seven locations as the company announced its acquisition of Mark’s Casa Chevrolet and Mark’s Casa Chrysler Jeep. The company will rename Mark’s Casa Chevrolet as Larry H. Miller Casa Chevrolet. Mark’s Casa Chrysler Jeep will become Larry H. Miller Casa Chrysler Jeep. The acquisition also […] [Read More]

With many Super Bowl television viewers likely watching Sunday night’s game with a smartphone in hand, Autotrader, Cars.com, Edmunds and Kelley Blue Book tabulated which automakers generated the most buzz with their TV commercials to their respective websites. Analysts from the quartet of vehicle-listing sites reviewed site traffic associated with the OEMs that shelled out […] [Read More]