Two trends emerged when experts from Cox Automotive, Edmunds and Kelley Blue Book took an initial look at auto data from February — rising new-vehicle costs and spiking interest rates. Kelley Blue Book noticed the average transaction prices for new models climbed nearly $1,000 year-over-year in February as interest rates on new-vehicle financing are expected to […] [Read More]

Reviver has been gaining attention with its creation of the Rplate, which it describes as the world’s first digital license plate platform. The company says Rplate transforms the 125-year-old stamped metal license plate into what it describes as “a sleek, digital, high-definition display.” The company recently announced a strategic partnership with Harman, a wholly owned […] [Read More]

In 2018, Manheim’s Digital Marketplace helped make more than 2 million vehicle sales to digital buyers. Now, as part of Manheim’s $100 million investment in expansions to its Digital Marketplace through 2019, the company is offering a new service that teams dealers up with what it calls “a dedicated expert” to help them sell vehicles […] [Read More]

For those who work in or follow the used-car market, you may have seen a familiar face during a late autumn airing of “Mad Money” on CNBC. That being Jim Hallett, chief executive officer of KAR Auction Services, who was interviewed by host Jim Cramer. During NADA Show 2019 in late January, Auto Remarketing asked […] [Read More]

While also revisiting its outlook for the rest of 2019, J.D. Power Valuation Services looked back at the pair of challenges the used-vehicle industry encountered in January and the resulting impact on wholesale prices and more. According to the latest installment of Guidelines, the J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index declined […] [Read More]

ACI Worldwide is making quite a payment to Western Union. The companies announced on Thursday they have entered into a definitive agreement for ACI to acquire Speedpay, Western Union’s United States bill pay business, for $750 million in an all-cash transaction. Officials indicated this acquisition brings together two leading bill pay portfolios in the rapidly-evolving […] [Read More]

Make it five integrations with dealership management systems for AGORA. Within a week of announcing a relationship with Auto Master Systems, AGORA finalized its relationships with AutoManager, a dealer software development company located in southern California that offers three principal products: DeskManager, WebManager and Automotive CRM. AGORA, the Texas-based provider of technology solutions for the […] [Read More]

Ever since some consumer-advocate commentators latched onto one piece of recent auto-finance data, experts from the automotive world replied with context to counter thoughts that thousands soon would be walking because they no longer had a vehicle. While vehicle affordability and delinquent volume continue to make headlines, new findings from Experian’s Q4 2018 State of the […] [Read More]

The tech-driven changes in auto retail, particularly those around digital retailing, plus a generational torch-passing, are leading many family-owned auto dealerships to consider exiting the car business and selling their stores, says Erin Kerrigan, an expert in valuation, real estate and the buy-sell space of auto dealerships. “The good news is, it’s also the same […] [Read More]

Georgia is a special place for e-commerce platform Carvana. That’s where the company sold its first car, in Atlanta, in 2013. The company has come a long way since then, and on Wednesday, it opened in Savannah, Ga., marking its 100th market. The move strengthens Carvana’s already existing presence in the Southeast, as this move […] [Read More]