It stands eight stories tall and holds up to 27 vehicles. The patented coin-operated, all-glass structure is Carvana’s newest car vending machine. Located in Chicago, the vending machine provides what Carvana describes as a “memorable pick-up experience” for customers who purchase their vehicles on Carvana.com. The company debuted the newest machine on Wednesday. In addition, also […] [Read More]

Connected car company Zubie and technology start-up CarAdvise — an online marketplace for car maintenance and repair — have launched a program to help fleets manage their vehicle maintenance using a network of more than 20,000 service facilities. Zubie Smart Maintenance targets small- and mid-sized fleets, helping fleet managers track the location and health of […] [Read More]

At last month's Auto Remarketing Canada Conference in Toronto, Drew Harden of CARFAX Canada talks about the pain points dealers have in the vehicle trade-in process and how to address those challenges.  The conversation touches on a more collaborative trade-in process involving the customer, providing more context and what gets a trade-in offer accepted or […] [Read More]

The Kelley Blue Book brand is now in Canada. Cox Automotive Canada made the announcement on Tuesday, the first of two major moves from the company this week. “Kelley Blue Book is the leading provider of vehicle valuations in North America and we’re excited to announce its upcoming launch to our Canadian dealers, OEMs and […] [Read More]

Canadian Black Book said it uncovered more “very telling statistics” as part of its annual vehicle-buying study conducted by Ipsos. The latest endeavor breaks down the differences between various Canadian demographics in how they shop, what they expect and overall knowledge gaps when it comes to vehicle shopping, buying and ownership.   A primary example of […] [Read More]

One of the largest networks of buy-here, pay-here dealerships is leveraging a Cox Automotive division in an effort to showcase inventory more effectively online. This week, J.D. Byrider announced it has partnered with HomeNet Automotive to bring SnapLot 360 technology to its store operators, delivering a more transparent online customer experience through immersive vehicle imaging. […] [Read More]

Black Book and Fitch Ratings delivered seven key findings along with other projections as a part of its latest joint U.S. vehicle depreciation and auto asset backed securities (ABS) report released on Thursday. Black Book is forecasting an annual depreciation rate of 15% in 2019 as the supply of used cars and trucks increases, up […] [Read More]

UPDATE: Story reflects updated numbers from Cox Automtoive for 2017 total volume.  What Cox Automotive described as the “total volume of wholesale requiring disposal” will reach a peak this year. Specifically, 16.6 million units are projected to be wholesaled, up from 16.4 million units last year, 15.9 million units in 2017 and 15.5 million units […] [Read More]

For nearly 20 years, James Gibson led data distribution growth and expansion efforts at NADA Used Car Guide, which is now known as J.D. Power Valuation Services.  Now Gibson is taking on a new role as director of business development for the National Independent Automobile Dealers Association. In his new role, Gibson will work with NIADA senior […] [Read More]

Auto reconditioning services company CARS Recon has appointed Jay Cadigan as non-executive board director. Cadigan has worked in the remarketing industry for more than 40 years and was inducted into the National Auto Auction Association’s Hall of Fame in 2015. He retired from Manheim in 2017. Cadigan served as vice president of industry relations for […] [Read More]