“Two wheels. One planet. Zero emissions.” That is the motto for Silicon Valley-based electric personal mobility startup GenZe. The company started out in 2012, developing IoT-connected electric scooters and bicycles in Fremont, Calif. GenZe says that since then, it has become a key supplier within the shared mobility category, launching fleet electric bikes and scooters […] [Read More]

Viewers of Saturday’s “TNT NBA Tip-Off presented by Autotrader,” which took place before Sunday’s National Basketball Association All-Star game, saw an example of Autotrader's charitable work as a studio host presented a brand-new vehicle to a family dealing with muscular dystrophy. In addition to its work as an online destination for people to buy and sell […] [Read More]

Columbus Fair Auto Auction has entered into a new relationship with American Honda Finance Corp. With a lane at Columbus dedicated to Honda and Acura, the relationship will kick off on Feb. 27 with 200 off-lease vehicles. In other auction news, Shelly Frank has joined Dealers Auto Auction of the Rockies & Dealers Auto Auction […] [Read More]

The National Association of Federally Insured Credit Unions (NAFCU) recently reiterated its position regarding a significant accounting change coming later this year. To recap, the Financial Accounting Standards Board (FASB) is looking to ensure that financial institutions have solid measures in place to ensure they have appropriate reserves for any future losses based on the […] [Read More]

Mobile continues to dominate. That is definitely the case when looking at visits to automotive manufacturer and dealer websites, according to global marketing technology company IgnitionOne. The company released a report showing that more than 50 percent of traffic to automotive manufacturers and dealer websites across 50 countries was attributed to smartphones in 2018. Site […] [Read More]

iSeeCars.com recently released a study showing which vehicles were more economical to buy new over used. The Honda HR-V crossover vehicle took the top spot in that list.  But iSeeCars.com has now released study which explores the other side of the coin: Which vehicles are best to buy used over new? The new study shows […] [Read More]

Residual values for used cars rose by an average of 3 percent in 2018. The growth in value represents a remarkable turn of events from 2017 when there was significant pessimism about the state of the used-car market. The negative sentiment a year ago was driven by concerns that a glut of used vehicles coming back […] [Read More]

Dealers probably know this sequence all too well. A walkaround and test drive of a vehicle both went well, and the financing process advanced to the point where the potential buyer sees what the monthly payment could be. Then customers recoil, become frustrated and perhaps even leave the showroom, turning into a dreaded “be back.” With […] [Read More]

If the months in front of us were an abstract painting, most auto dealers viewing it agree about what they see, with a few exceptions here and there. To discover dealers’ concerns — and optimism — about the used-car business in 2019, I interviewed dealers, used-car consultants and auction executives before and during NADA Show […] [Read More]

KAR Auction Services chief economist Tom Kontos applauded the strategy used by commercial consignors after reviewing January wholesale price information. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale used-vehicle prices in January averaged $10,761, representing a 1.3 percent rise compared to December but a 2.0-percent dip […] [Read More]