Lease penetration a shade below 30% not only means that demand for leasing is strong, but future off-lease volumes should continue to be plentiful to a used-car market that hasn't just absorbed the additional supply, but thrived from it. That’s according to analysis released Friday by Cox Automotive, which did the math on how current […] [Read More]

The news that Hyundai’s Dealer Website Certification Program has selected Dealer.com as a website and digital advertising provider means that for more than 600 North American Hyundai dealers, Dealer.com will remain an endorsed website provider. Dealer.com, a Cox Automotive brand, also said the agreement continues a long-standing partnership that it says is “rooted in driving […] [Read More]

Yavor Efremov says that up to now, no path has existed for Motor1.com users to buy a new or used car after they have read Motor1.com reviews and research content. Motor1.com is part of the Motorsport Network, and Efremov, who is chief executive officer of the network, said U.S.-based car buyers, through Motor1.com, can now […] [Read More]

An industry association with safety in its name finalized its leadership structure for 2020. At the recent Automotive Safety Council board meeting, the ASC nominated a new vice chairman. With this appointment, ASC board of director officers and president now includes: — Chairman: Mark Wehner vice president of Joyson Safety Systems — Vice chairman: Steven […] [Read More]

Late-model vehicles are continuing to depreciate annually at a little more than 1% per month, according to the latest Black Book data. Analysts reported this week that the average price of a used vehicle for model years 2013 through 2017 decreased in value by 1.0% during September, with cars softening by 1.1% and trucks dipping […] [Read More]

KPA collected another industry accolade this week. The provider of environmental health and safety (EHS), HR management and F&I compliance software and services, has been honored as a 2019 Top 20 Health and Safety Training Company, by Training Industry, a research and information resource for corporate learning leaders. This Top 20 award comes on the […] [Read More]

Wolters Kluwer is quickly approaching a dozen awards collected so far this year for its solutions to help finance companies. According to an announcement distributed this week, Wolters Kluwer’s Lien Solutions has earned two 2019 Golden Bridge Awards for superior product innovations developed for the benefit of its clients in the financial services industry. Lien […] [Read More]

CARFAX Canada employees could be treated to a spoonful of new amenities next summer when the company moves its head office to 100 Kellogg Lane, a former cereal factory for Kellogg’s Canada. The facility, which CARFAX Canada called a landmark for its hometown of London, Ontario, is currently being renovated into a million-square-foot hub that […] [Read More]

That certified pre-owned shopper on a dealership lot may be willing to shift over to the new-car department. The number of people shopping for CPO vehicles is 25% higher than it was three years ago, and many of them haven’t ruled out buying new, according to a Shopper Trends Snapshot from Cox Automotive. But whether or […] [Read More]

Insurance marketplace DealerPolicy recently conducted a study showing that more than 80% of car buyers would prefer to complete everything relating to their car purchase, including insurance, while they are buying their car at the dealership. DealerPolicy allows customers to purchase insurance by connecting them with licensed insurance agents while at the dealership or after […] [Read More]