Another finance company is seeing the potential benefit of leveraging Dealertrack Accelerated Title. After recently reaching relationships with Westlake Financial Services as well as dealer associations in Louisiana and Wisconsin, Dealertrack this week announced that KeyBank Dealer Retail Services has selected the company’s solution to help expedite its vehicle payoff and title release process with […] [Read More]

The Federal Reserve Bank of New York’s Center for Microeconomic Data recently released its quarterly report on household debt and credit.  While some pundits initially rushed to point to a negative theme — 7 million people had an auto finance contract at least 90 days delinquent in 2018 — the Fed was quick to reign […] [Read More]

Past surveys showed reasonably high acceptance toward fully self-driving cars. But that was before several high-profile automated vehicle incidents occurred about a year ago. Since then, attitudes toward self-driving cars have not rebounded, with 71 percent of participants in an AAA automated vehicle survey saying they are afraid to ride in fully self-driving vehicles. But […] [Read More]

Velodyne founder and chief executive officer David Hall has led his company’s efforts in reaching a goal of safe autonomous driving. To do that, he has provided advanced light detection and ranging, or LIDAR, sensors at automotive grade pricing. Velodyne also launched the World Safety Summit on Autonomous Technology in 2018. For efforts like that, […] [Read More]

Jim Robertson likes how the social media, intelligent lead response technology and consumer engagement company Digital Air Strike helps with his dealership’s customer satisfaction index score. “The online review monitoring is always spot on and gives us the ability to review, correct and sometimes even get the customer to change or remove negative reviews,” said Robertson, […] [Read More]

Kerrigan Advisors tabulated the figures and discovered the dealership buy/sell market recorded another year of tremendous activity in 2018, generating 6.9 percent in growth above the 2017 level and marking the fifth consecutive year of more than 200 transactions. According to The Blue Sky Report’s Year in Review released this week, analysts indicated 216 transactions […] [Read More]

According to details shared with Auto Remarketing this week, five operations have received accolades for 2018 performance through the Ford Auction Service Award Program (ASAP). The Ford ASAP is a competitive, performance-based program that monitors and rates Ford-sponsored auctions on their operational efficiency of Ford-owned vehicles throughout every step of the auction process. These steps include […] [Read More]

Perhaps like many dealers and consumers, the analysts who compiled the latest ADESA Canada Used Vehicle Price Index — powered by ALG — appear eager for spring to arrive, especially with the volume of new-vehicle sales in February. The February index increased after being adjusted for seasonality with wholesale prices ticking up on average by […] [Read More]

A digital retailing and messaging company has released what it describes as the first reputation enhancement product for dealerships. ActivEngage has released AcceleRater, which the company says will help dealerships get more customers and increase revenue. It produces more 5-star ratings for dealerships with every review engagement, according to the company, which added that the […] [Read More]

Baby Boomers in their teens and 20s defined American car culture. What about Gen Z? Various reports have listed different ages for that group, but those in Gen Z, typically born around the mid-1990s to the mid-2000s, will ultimately become synonymous with mobility culture. A report from Allison+Partners suggests that evolving definitions of transportation, in […] [Read More]