Cox Automotive Canada said its planned new vehicle data capture service will provide seamless integrations between Dealer.com websites and Manheim's new dealer-to-dealer digital auction platform MUVIT. According to the company, that will invite dealers to have multiple uses of images across connected wholesale and retail products, “further enhancing the Cox Automotive ecosystem.” Cox Automotive Canada […] [Read More]

Perhaps it’s just happenstance that Edmunds spotted the average interest rate for new-vehicle financing softening to its lowest level of the year in the same timeframe as the Federal Reserve making its first interest-rate cut in 11 years. Edmunds reported on Thursday that the average APR on new models financed during July declined for the […] [Read More]

In hiring two automotive veterans to leadership posts, vehicle subscription provider Fair seeks to boost its industry relations presence and its vehicle acquisition and remarketing efforts. Fair has hired former TrueCar and AutoNation executive Mike Timmons and former CDK Global head of OEM relations Syl Raymond, stating in a news release that the company “continues […] [Read More]

Transportation management system company Super Dispatch says that with its new end-to-end car shipping platform, shippers, brokerages and carriers can connect and communicate “where other technologies have failed them.”  Super Dispatch is aiming for its new platform to become a one-stop-shop for effective communication between car transport carriers, brokers and shippers. With the new platform, […] [Read More]

According to data compiled by the National Automobile Dealers Association, the average amount of total expenses at a franchised store climbed by nearly $400,000 between 2016 and 2018 to above $6.8 million. During the span, the Federal Reserve raised interest rates eight times. While “Money and Smoke” might seem like the clever title for the […] [Read More]

New generation, new hurdles. Do you know what millennials are thinking when they visit your dealership? This generation loves to begin their used-car search online, find the vehicle they’re interested in, research it extensively, then come into the dealership armed with in-depth information. You’ve figured out how to appeal to these web-savvy customers by putting […] [Read More]

CarGurus said this week it has launched a Certified Pre-Owned Partner Program in Canada, bringing on Kia Canada and GM Canada as the first partners. “We’re very excited to kick off our CPO Partner Program with Kia and GM as our first partners,” said Diego Sanson, CarGurus’ vice president of international business development, in a […] [Read More]

As widely expected, the Federal Reserve cut the target range for the federal funds rate by 25 basis points to 2% to 2.25%, marking the first downward move by the Federal Open Market Committee (FOMC) in 11 years. A trio of experts who view the economy through the automotive prism and share their analysis with SubPrime […] [Read More]

As the association announced Oliver North as keynote speaker for its annual event on Capitol Hill coming next month, the National Independent Automobile Dealers Association highlighted the final results from its national convention this past June. And as they say, records are made to be broken. For the fourth consecutive year, the NIADA/NABD Convention and […] [Read More]

Just a little more than a month since spinning off as its own entity, IAA, Inc. announced the purchase of an electronic lien and title technology firm on Wednesday afternoon. IAA said it has acquired Lexington, S.C.-based DDI Technology for approximately $17 million (a purchase price that could climb by $4.1 million during the next […] [Read More]