Depreciation accounts for 32.9 percent of the total cost to own and operate a vehicle over the past 12 months. That is according to a “2019 Cost of Vehicle Ownership Trend Report” from vehicle management and reimbursement platform, Motus.  Another finding of the report was that in 2018, the average sale price for a used […] [Read More]

With an appointment the company says indicates a culture committed to diversity and inclusion, Cox Automotive’s Dealertrack appointed Mandi Fang to vice president and general manager of Dealertrack DMS. Fang is a Cox Automotive and industry veteran that the company says brings more than 15 years of executive leadership experience in the automotive retail industry […] [Read More]

Everyone loves a bargain, right? That situation has been the case in the lanes especially with spring beginning to sprout, according to this week’s edition of Black Book Market Insights report. Experts and auction observers noted that searches for clean affordable inventory is intensifying with retail activity beginning to improve in some areas of the […] [Read More]

A way some of the best recovery industry professionals can be recognized is now available and open for submissions. Organizers of the 11th annual North American Repossessors Summit — held by the American Recovery Association (ARA) in conjunction with headline sponsor Harding Brooks Insurance — have opened its online award submissions for the 2019 NARS […] [Read More]

Veros Credit is taking additional measures in an attempt to keep fraud from permeating its portfolio. This week, the subprime auto finance company became the latest provider to adopt PointPredictive’s fraud scoring solution. Veros Credit joins a growing list of finance companies that are relying on PointPredictive’s automotive fraud consortium and patent-pending machine learning algorithms to […] [Read More]

Looking at the automotive industry from a global perspective, Moody’s Investors Service didn’t paint the most upbeat scene this week, especially for the U.S. market and vehicle financing. Analysts said in a new report released this week that the outlook for the global auto manufacturing industry for the coming 12 to 18 months has changed […] [Read More]

Jon Hart is general manager of Escondido Auto Super Center, an independent dealership in Escondido, Calif., that’s been in business since 1994 in the city that’s about 30 miles north of San Diego. The store lists more than 200 vehicles in inventory mostly from domestic and Asian automakers with a few high-line units sprinkled in, […] [Read More]

Scott Lilja, who is senior vice president of member services at the National Independent Automobile Dealers Association, says dealers are very aware of the importance of tax season for their industry. And the association has been aware that Tax Max has processed more than 1 million tax returns and has helped about 3,000 dealerships by filing […] [Read More]

Finding the right dealership can make or break the car buying experience. So says Edmunds chief executive officer Avi Steinlauf. “Our latest Five Star Dealer list is a great starting point for shoppers on the hunt for a local dealer that shares our commitment to superior customer service and support, and we’re honored to support […] [Read More]

General Motors president Mark Reuss believes that autonomous vehicles “will change people’s lives forever, just as the automobile itself did more than a hundred years ago.” Leaders of The Henry Ford and its venue The Henry Ford Museum of American Innovation believe that, as well. The venue has acquired one of General Motors’ first self-driving […] [Read More]