In its newest study of used-vehicle sales, LendingTree analyzed more than 600,000 auto-finance queries from prospective contract holders in the top 100 U.S. metro areas based on population. Analysts found the city with residents financing the oldest used vehicle on average worked with providers adding units into their portfolio that were nearly 8 years old. Topping […] [Read More]

It has been a decade since the certified pre-owned vehicle market began the year with these kinds of numbers. A Cox Automotive Data Point report, citing Motor Intelligence, indicates there were 215,959 CPO sales last month. Not only is that an 8% year-over-year gain, it’s the best January for CPO sales since 2010, Cox Automotive […] [Read More]

Phong Ly notes that the “iconic and indestructible” Toyota Land Cruiser has roots dating back to 1950 and is designed to last at least 25 years. Many developing countries where off-road driving is the norm rely on the vehicle, Ly said. “Like the Land Cruiser, the Toyota Sequoia is built on a truck platform, so […] [Read More]

If you ask Spencer Scott why CarGurus launched its Real-time Performance Marketing suite nationwide, he starts by saying that dealers noticed how CarGurus had grown its own audience. “And they were turning to us to ask us how they could do that for their own website,” said Scott, who is the company's senior vice president of […] [Read More]

Saying the new company serves a list of clients that includes 90% of the world’s automotive and global customer experience sector companies, InMoment and MaritzCX said they have agreed to combine the two companies. “This industry needs a new and disruptive approach if we truly wish to transform the way businesses look to improve experiences and results,” […] [Read More]

With Lithia Motors president and chief executive officer Bryan DeBoer saying the awards “are evidence of the highest level of performance and customer satisfaction,” DealerRater has awarded its 2020 Dealer of the Year award to 28 Lithia Motors stores. The awards recognize the honorees as the top dealership for their brand in their respective states. […] [Read More]

For used-car managers who watch for a sharp wholesale price jump in sporty cars as a sure tell that the spring market is taking hold now have confirmation thanks to the newest Black Book Market Insights report. Black Book reported that values for sporty cars increased 0.38% percent this past week, mirroring the rise generated […] [Read More]

One of the companies scheduled to appear again during the upcoming Automotive Intelligence Summit is broadening its physical footprint in the cradle of so many other fintech firms and startups. Spiffy, an on-demand car care, technology and services company, announced the opening of a new office in the San Francisco Bay area. Leadership explained on […] [Read More]

In the second of the Auto Remarketing Podcasts recorded at NADA Show 2020, Cars.com executive vice president Dean Evans talks about the transition from linear TV advertising to in-market video. Evans also talks about the state of automotive advertising today and the trends dealers and automakers should watch. Plus, get his take on the recent […] [Read More]

A refreshed F&I menu was part of the newest innovations rolled out by DealerSocket at the 2020 NADA Show. That menu is connected with DealerSocket’s PrecisePrice digital retail solution and stems from an integration with F&I Express and its Express Digital Media. DealerSocket highlighted PrecisePrice’s new VIN-specific F&I menu can extend the tool’s pricing capabilities […] [Read More]