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]

Many news articles have covered what the auto industry has described as a critical shortage of service technicians. In appreciation to those technicians currently making a strong contribution, an Auto Care Association program has honored a new round of recipients with its 2019 World Class Technician award.    In partnership with the National Institute for […] [Read More]

A new strategic partnership and technology-sharing agreement means Canadian automotive retailers advertising their inventory on TRADER Corp.’s automotive marketplace will have access to a new car image library featuring professionally produced photos for most major OEM new vehicles. The agreement between TRADER Corp. and Car Media 2.0 will provide TRADER customers access to the Car […] [Read More]

Thursday is the best day for auto dealership traffic in Canada. Consumers are keeping their cars an average of 11.5 years. According to research from global data company Freckle IoT, those are just two of many pieces of information that auto dealers should know, as targeting the correct core audience becomes more important. Freckle IoT […] [Read More]