Now members of the American International Automobile Dealers Association say they’re going to “Google” something, it could have a vastly different meaning. On Wednesday, AIADA announced a new affinity partnership with Google. The association highlighted that Google’s automotive team supports manufacturers and dealers by enabling them to reach the right audience with the right message […] [Read More]

Perhaps dealership managers won’t have to send lot porters to move those fuel-sippers to the front line for those Memorial Day weekend sales festivities just yet. It’s true potential buyers likely will be paying a little more for fuel just to get to your dealership. AAA reported this week that gas prices jumped 12 cents […] [Read More]

An assessment of supply is critical to understanding future residual price trends, though difficult to calculate. Our aim here is to help readers better understand the drivers of used-vehicle supply in the U.S. In 2015, about 17.5 million new cars and trucks were sold in the U.S. Let’s assume that all of these vehicles were […] [Read More]

Softer comparisons for used-car sales in recent months don’t necessarily paint the full picture of the pre-owned vehicle market this year, as the seasonal adjusted annualized rate is moving full speed ahead. Edmunds forecasts 3.4 million used-car sales in May, down from 3.5 million in April. However, the pre-owned SAAR for the month (39.3 million) […] [Read More]

ServNet has named eight winners of its 3-year-old scholarship program created for children of employees who study at two- and four-year colleges. In January, ServNet announced that it expanded its scholarship program to hand out up to 10 awards this year. "We were pleased to expand the scholarship program this year, adding an additional award for […] [Read More]

With a focus on bringing dealers more accuracy and less headache, E-Drive Autos has released a new version of its interactive vehicle appraisal tool — TradeVue —  that has been augmented with integrated proprietary pricing algorithms and a fresh UX design, the company announced Wednesday. The company said that its newly released 2.5 version brings both dealers and consumers […] [Read More]

The rapid advancement in (and discussion about) autonomous driving capabilities could be the rare case in the automotive retail industry where the technology is moving faster than the consumer’s willingness to adopt. Seven years from now, there will likely be global shipments of 8 million consumer vehicles with SAE Levels 3 through 5 autonomous technology, […] [Read More]

As much as technology has enhanced the way Canadian dealers can find inventory that turns quickly while securing financing for their customers, personal relationships still matter, especially when it comes to store management and its F&I activities. For the second consecutive year, dealers in Canada continue to stress the importance of the dealer-finance company relationship […] [Read More]

Key findings of BillingTree’s sixth annual Operations and Technology Survey involving collections, recoveries and more, are showing just how much of an impact all of the widespread changes at the Consumer Financial Protection Bureau are leaving on service providers. For the first time in the history of the survey, BillingTree found that concerns over CFPB regulations […] [Read More]

Auto finance defaults are back below the 1-percent level for the first time this year, halting a stretch above that level dating back to last August. This week, S&P Dow Jones Indices and Experian released data through April for the S&P/Experian Consumer Credit Default Indices, and the auto segment dropped 6 basis points on a sequential […] [Read More]