Wheel’s Automotive Dealer Supplies and Monroneylabels.com have teamed up to enhance, the mandated sheet of paper attached to cars for sale known as the Monroney Label. Wheel’s said that its new Monroneylabels.com partnership to enhance label creation and on-vehicle promotion will be the largest upgrade and merchandising improvement the information label has seen in decades, the company […] [Read More]

Perhaps not as difficult as finding that needle in the proverbial haystack, Black Book’s latest anecdotes from the lanes again described how dealers are having difficulties finding clean vehicles at the auction without completely depleting their floorplan funds. Before getting into bidding activities, this week’s edition of Black Book Market Insights showed how prices aren’t […] [Read More]

With activity ramping up for trucks and SUVs, Wantalease.com noticed a different compact sedan supplanted the Ford Focus as having the lowest monthly lease price of any new vehicle. According to July metrics shared by the site this week, now available for a monthly lease commitment of just $129 is the Nissan Sentra. That’s $21 […] [Read More]

New leadership came aboard this week at AutoGravity. The digital vehicle-shopping and financing platform announced the appointment of Alex Mallmann as president and chief executive officer, and Jason Bonifay as chief technology officer. The announcement comes as the company hit a new milestone — reaching more than 2 million users in less than two years […] [Read More]

For the first time since last fall, the auto default rate remained flat on a sequential basis. According to data through June released this week by S&P Dow Jones Indices and Experian, last month’s reading came in at 0.93 percent; the same as what analysts pinpointed for May. Analysts also noticed the rate stayed put […] [Read More]

As part of Manheim’s “Race to Give” program, Remarketing by Element is donating two emergency response vehicles to the American Red Cross. Manheim locations across the country recently competed to win the companywide “Race to Give” fundraising initiative for a chance to win a vehicle donation provided by Remarketing by Element for their local Red Cross location's disaster relief […] [Read More]

CarLotz has set up shop in Chicagoland. The used-vehicle consignment and remarketing business announced its seventh store on Wednesday, opening a location — its largest to date — in the Chicago suburb of Downer’s Grove, Ill. This is also the first location in the Midwest for CarLotz, which launched in 2011 in Virginia and has […] [Read More]

The Automotive Broadcasting Network (ABN) has been named one of Northeast Florida’s fastest growing privately-owned companies. The provider of digital signage solutions for automotive dealerships announced Tuesday that it has been named to The Jacksonville Business Journal's latest Jacksonville Fast 50 list. ABN said this win signifies its recent growth in revenue and exponential increases in both […] [Read More]

Dealers now have another option to put their inventory to work more than just having those vehicles sit idly on the blacktop. On Tuesday, HyreCar and DriveItAway announced a strategic partnership, allowing automotive retailers across the United States to access a collaborative turnkey solution to generate additional revenue through mobility as a service and shared […] [Read More]

In partnership with the National Association of Minority Automotive Dealers (NAMAD), Cox Automotive recently awarded its Rising Star Award to a Michigan general sales manager who is following in his family’s footsteps. In addition to demonstrating a strong commitment to the automotive industry, this year, William Montez Perkins II was recently honored based on nomination […] [Read More]