As KAR Auction Services chief economist Tom Kontos explained it, those crossovers and SUVs that rolled over the curb during the past couple of years as leased units are now “coming home to roost.” According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, Kontos and the analyst team determined […] [Read More]

New electric vehicle registrations during 2018 more than doubled year-over-year from slightly more than 100,000 to 208,000, according to business intelligence company IHS Markit. EV market share has also seen a strong gain during that period, the company said. Along with those gains, the loyalty rates of EV buyers has also continued to grow. IHS […] [Read More]

Zubie is a connected-car technology company that provides real-time information about vehicles and drivers to help businesses manage their fleets. At the International Car Rental Show in Las Vegas, Zubie announced an expansion of its offerings, launching a technology platform designed for fleets of rental and loaner vehicles. The platform — Zubie Rental Connect — […] [Read More]

Online wholesale vehicle marketplace BacklotCars announced a Series B round of funding on Monday that nearly triples the company’s total funding. New York growth equity firm Stripes led the $25 million round of funding in BacklotCars, which has raised its total funding to $38 million. Also participating in the Series B round were existing investors […] [Read More]

Consumer survey results discovered by PenFed Credit Union reinforced the importance vehicle buyers place on securing a monthly payment that fits their budgets. The findings arrived as the newest Cox Automotive analysis showed purchasing both new and used vehicles is becoming a more expensive endeavor. Cox Automotive explained in a recent edition of Data Point […] [Read More]

As someone with backgrounds in science and mathematics, Market Scan co-founder and president Rusty West has greatly enjoyed the past 25 years as a developer and engineer involved with vehicle retailing and financing. West shared his perspectives with Nick on how technology is impacting not only vehicle leasing, but also other aspects of how consumers, […] [Read More]

Cox Automotive has its first-ever chief data officer, and filling that new role is Mark Luber, who comes over from LexisNexis Risk Solutions. Luber spent 15 years there, most recently as senior vice president of global product and analytics. He will report to chief product officer Marianne Johnson and lead the company’s “data strategy, helping […] [Read More]

A decade of recognizing excellence. This year marks the 10th anniversary of Women in Remarketing, a program that has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference. Year after year, Women in Remarketing simultaneously recognizes excellence among the leaders of the remarketing and used-car business, while […] [Read More]

A new partnership between Lexus and automotive dealer website and digital marketing company Dealer eProcess means Lexus dealers could now have even more of an “Amazing Digital Experience.” Dealer eProcess is now part of The Amazing Digital Experience by Lexus program. That means Lexus dealers can now experience all of Dealer eProcess’ advanced tools and […] [Read More]

After an electric company in the Southeast rolled out a strategy to spark more usage of electric vehicles (EVs), a new survey recently commissioned by MINI showed how consumers are zeroing in on how they want to use an EV. The automaker reported on Friday that 63% of survey participants said the best way to […] [Read More]