If you think the East Coast is hot right now, look at what’s happening in the used-car market. Especially in terms of prices. One particular index measuring used-car prices is poised to reach its highest level in almost three years, the annual retail sales rate is approaching 40 million and dealers are showing optimism. Granted, […] [Read More]

As a new partner of the Jefferson Awards Foundation (JAF), KAR Auction Services has plans to recognize employees for their volunteer endeavors and dedication to community service early next year. KAR announced Thursday that it will honor up to six employees who have been nominated by their co-workers to be a  2019 JAF national honoree. […] [Read More]

Kijiji Canada has brought aboard a new sales manager who is returning to the company to steer the growth of its autos vertical in Western Canada. The company has announced that Joe Shirjang, who brings well over a dozen years of both retail and vendor channel experience, is coming back to the company to serve as Western […] [Read More]

The amount of outstanding deep subprime paper slid to an all time low during the second quarter, according to Experian’s State of the Automotive Finance Market report released on Thursday. Analysts discovered deep subprime softened to an all-time low of 3.54 percent of the $1.149 trillion that Experian tabulated to be the total amount of […] [Read More]

If your franchised dealership sits among a total of eight rooftops within a span shorter than a test drive, experts say that at least one operation — perhaps where you sit now — has gained new ownership during the past four years. And it appears that buy/sell pace could intensify. Kerrigan Advisors pointed to a […] [Read More]

A newly developed data-driven management reporting application that is designed to provide dealers with usable information to boost operational profits and efficiencies is now available. Manage by the Numbers (MBTN) Solutions announced Wednesday the release of its “Game Plan” app for dealers, which was created to help dealers succeed in key three areas that the company said most […] [Read More]

Two providers of car subscriptions services that are, in some form or fashion, associated with Cox Automotive have some new partners. Flexdrive, which is a joint venture between Cox Automotive and ARI, will be the car subscription platform provider for Virginia-based dealer group Duncan Automotive Network, as part of a partnership announced Tuesday. The Duncan […] [Read More]

ADESA is looking to make returning a vehicle back to the auction as easy as what dealers might experience when those shoes or pants just don’t fit correctly. On Wednesday, the business unit of KAR Auction Services, launched a new return guarantee product called ADESA Assurance. The company highlighted the new service can allow participating […] [Read More]

While still higher year-over-year, the amount of money it took to get vehicles financed in July was nearly flat compared to the opening month of summer. According to Cox Automotive Canada’s Dealertrack Top 10 Funded Used Vehicles index, the average cash prices of those units rose 2.4 percent year-over-year in July. Based on prices recorded […] [Read More]

Drivers residing in four Midwest markets can now buy a car online and arrange for its delivery straight to their home or office. Carvana announced Wednesday that it has expanded its free, as-soon-as-next-day vehicle delivery service to include residents of the Michigan cities of Grand Rapids, Lansing and Flint, and of Fort Wayne, Ind. The used-car retailer's growth in Michigan and […] [Read More]