More electric vehicles are available today than ever before, said Chase Disher, an analyst at Autolist. “But that hasn’t done much to change consumers’ perceptions of them,” Disher said in a news release. “The misconceptions that electrics faced at the beginning of this decade are still a major impediment to their success right now.” According […] [Read More]

Since the inception of the Barbecue for the Troops program in 2013, the area's new-car dealers with the Chicago Automobile Trade Association, or CATA, have raised nearly $900,000, with that money going toward support of USO of Illinois initiatives. The program has initiated more than 600 fundraisers over the course of seven years, and with […] [Read More]

Just like consumers, dealers are trying to find affordable vehicles. And the newest Black Book Market Insights report showed both groups might be having trouble achieving that goal. In fact, analysts determined that overall car segment values rose this past week, mimicking a scenario spotted at this time a year ago. “History repeats itself with […] [Read More]

Collections certainly can be complicated for finance companies, but Dasceq founder and chief executive officer Abhishek Goel explained how leveraging artificial intelligence does not necessarily have to make the task even more complex. Goel joined Nick for this discussion after speaking during the Automotive Intelligence Summit this summer in Raleigh, N.C. The full discussion can […] [Read More]

Editor's Note: This is the second in a three-part series on the auto auction operations of KAR Auction Services. Part I discusses the focus on revenue per unit at ADESA and Part III discusses potential expansion at KAR. KAR Auction Services made a change on Aug. 1 that could end up being mutually beneficial to both its ADESA physical […] [Read More]

Editor's Note: This is the first in a three-part series on the auto auction operations of KAR Auction Services. Part II discusses the alignment of sales forces at KAR's ADESA and TradeRev business units, and Part III discusses potential expansion.  It’s about generating more revenue per unit. That will likely be one theme for the auto auction […] [Read More]

With the integration of TradePending’s trade valuation tool into LivePerson’s conversational platform for auto dealers, “conversational commerce” company LivePerson says dealers who are mutual LivePerson Automotive and TradePending customers can provide an “omnichannel experience” for consumers. LivePerson says dealers can do that by extending the same trade-in valuation tool they use across digital properties and […] [Read More]

Brian Benstock of Paragon Honda and Paragon Acura sees “a direct correlation” between profitability and the short amount of time available between acquisition of a vehicle and making that vehicle retail-ready. Benstock, who is general manager and vice president of the dealerships, chose ReconVelocity, which says it brings technology and pit crew precision to the […] [Read More]

The team at J.D. Power Valuation Services pinpointed three reasons why used-vehicle wholesale prices through July on average came in 2.1% higher than during the same seven-month period in 2018. In the latest edition of Guidelines, analysts attributed the factors triggering that wholesale-price growth as: — Higher new-vehicle prices and affordability concerns — High levels of […] [Read More]

Based in part on the findings of a consumer survey it orchestrated during the past year, AutoGravity now is looking to provide dealers with leads via a subscription service. The digital platform provider already helped consumers find ways of landing financing for a vehicle purchase. On Monday during the opening of Digital Dealer 27 in Las […] [Read More]