The editors at Autotrader have released a list of what they believe are the best certified pre-owned deals for vehicle shoppers in July. They like the offerings of several manufacturers, but this month, Lexus stands out for them. Why is the Lexus certified pre-owned program one of their favorite CPO deals? The “attractive incentives,” according to […] [Read More]

Fueled by multiple funding rounds totaling $10 million, Joydrive also expanded its dealership client base by recently forging a relationship with the Findlay Auto Group and Gee Automotive. The online vehicle marketplace not only added Findlay and Gee as dealer members, but the groups also joined Joydrive’s advisory board. Joydrive said it raised $6 million in multiple […] [Read More]

Pushback dealerships might hear from potential vehicle-lease customers come from individuals who say that using ridesharing services could be more cost effective rather than taking on a lease contract. Well, the analyst team at Swapalease.com ran the numbers — taking into consideration that costs for ridesharing services are climbing — and recently shared an estimated […] [Read More]

Vehicle subscriptions are changing the industry landscape and developing into a viable alternative to traditional purchasing and leasing models. Vehicle subscription provider flexdrive is benefiting from that change, noting growth in an array of areas during the first half of the year. The joint venture between market leader Cox Automotive and Holman Enterprises recently shared […] [Read More]

The National Independent Automobile Dealers Association is looking to give members all the resources they need to be compliant with the state and federal regulations that oversee their retail and financing operations. As a result, NIADA recently formed a strategic relationship with ComplyNet, a provider of compliance solutions in the automotive industry, to help independent […] [Read More]

Kroll Bond Rating Agency (KBRA) announced four senior personnel changes to the teams at its New York office that monitor securitizations and the auto asset-backed securities market. According to a news release distributed on Friday, Anthony Nocera, co-head of the ABS Group, has decided to transition to a senior advisory role at KBRA. Nocera, who […] [Read More]

A new Hartford, Conn., location for Copart marks the second Connecticut site for the global online vehicle auction company. The location, formerly named Hartford-Springfield Auto Auction, provides capacity for Copart’s continuing volume growth in the region, and it means more convenience for the company’s buyers in the area, Copart chief executive officer Jay Adair said […] [Read More]

Carsharing marketplace HyreCar says it has created a new experienced outside sales team and scalable customer service infrastructure to pursue OEM and dealer opportunities. The company has hired two industry veterans with existing dealership and OEM relationships that they will use to fuel vehicle supply and “provide value for all HyreCar stakeholders,” according to the […] [Read More]

Dealer-first automotive digital retail software provider MAX Digital believes competition from non-traditional dealers has never been stronger. Because of that, providing a smooth path to purchase is a must for dealerships to thrive in the coming years. With that in mind, MAX Digital has partnered with LotVantage, and participating dealers can now combine LotVantage services […] [Read More]

The retail prices of both new and used cars in Canada was on the rise last month compared to year-ago figures, but the rate of increase is slowing down, according to the latest autoTRADER.ca Price Index. The national median price for used vehicles was $18,900 in June, up 5.1% year-over-year, while the national median price […] [Read More]