Global online vehicle auction company Copart has opened its newest South Carolina location. The new, 53-acre facility at 120 Commerce Ave. in Harleyville, S.C., is located close to Charleston. The opening follows what Copart chief executive officer Jay Adair described as the success of Copart’s Spartanburg location. Copart North Charleston general manager DaNeisha Mack said in a news release, […] [Read More]

With Carvana's two January announcements of its continued growth, more residents of New York and Georgia will be able to use the company's vehicle buying, selling, financing and other services. The company announced on Jan. 30 that it has launched in five New York markets: Rochester, Buffalo, Syracuse, Binghamton and Albany. That news follows Carvana’s Jan. 16 announcement […] [Read More]

RVI Group examined the wholesale market in both the United States and Canada for the latest installment of the RVI Risk Outlook, spotting similar trends in both countries and comparable forecasts looking ahead toward 2020. Beginning first in the U.S., report indicated December real used vehicle prices — seasonally adjusted for 2- to 5-year-old units […] [Read More]

The newest financing data from Edmunds and Kelley Blue Book reinforced how the newly installed chairman of the National Automobile Dealers Association didn’t mince words as the auto industry gathered for annual festivities in San Francisco. “Affordability is an issue. All of the new technology, safety features and fuel economy add costs. That’s a real […] [Read More]

In light of the ongoing dialogue involving affordability, 700 Credit recently announced a collaboration with Equifax for its QuickQualify web-based platform. The provider of credit reports, compliance solutions and consumer pre-qualification products explained that QuickQualify Xpress utilizes Equifax identity data and uniquely differentiated data sources to automatically prefill applications, which can reduce keystrokes for a […] [Read More]

Back in August, Fisker Inc. chairman and chief executive officer Henrik Fisker joined the advisory board at motec ventures, an auto and mobility tech investment group out of Berlin. Motec is a collaboration of the e&Co. AG auto and mobility consulting firm in Germany and the Venionaire Capital venture capital firm out of Austria. Fisker […] [Read More]

CDK Global unveiled some new technological programs at the recent NADA Show, including one that the company says “is modernizing automotive retail.” CDK Global, a provider of integrated information technology and digital marketing products to the automotive retail and adjacent industries, says its products automate and integrate all areas of the dealership and buying process. […] [Read More]

RouteOne said on Thursday that one of its longest-tenured executives — chief operating officer Brad Rogers — announced his resignation to take leadership of an organization in an adjacent industry. And it appears it’s going to take five other RouteOne executives to handle the chores overseen by Rogers, who had been with the company since […] [Read More]

OpenRoad Auto Group has a long history with Toyota. The group began its partnership with the automaker in 1978, when the company opened its first Toyota showroom on Granville Avenue in Richmond. The dealership in 1985 moved to its current Richmond Auto Mall location and renamed it OpenRoad Toyota Richmond. The dealership group went on to […] [Read More]

What Comerica Bank chief economist Robert Dye projected to unfold this week came to fruition as the Federal Reserve had its first opportunity of 2019 to make an interest rate adjustment. The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 2.25 to 2.50 percent as all 10 […] [Read More]