Tim Walters retailed so many new vehicles in 2017 that the trade-ins on those sales were more than enough to stock his used-car operations. But his new-vehicle sales have slowed and in March, the owner of Elkland Chevrolet in Elkland, Pa., found himself at a physical auction for the first time in about 18 months. […] [Read More]

Costco members who are interested in a Volvo purchase or lease can get attractive benefits on select 2018 models through July 2. The Costco Auto Program announced the launch of its Volvo Special Offer, a nationwide promotion for Costco members Friday. Benefits of the promotion include Volvo Employee Pricing, additional incentives and a $250 Costco Cash […] [Read More]

Reporting on and being immersed in the auto industry every day often gives me a misguided gauge of the general public’s awareness of its interworking, trends and emerging technology. When I am unsure when something in automotive has become a household name, so to speak, my test case is often my parents. They’re news-savvy folks who […] [Read More]

Along with Doggett Auto Group’s acquisition of Houston's large Lone Star Ford automotive dealership, the industry has also seen a sizable en bloc purchase of 10 Canadian stores north of the border this week. Leslie Doggett Industries' affiliate the Doggett Auto Group has acquired Houston's Lone Star Ford store from Sonic Automotive. The heavy equipment dealership group […] [Read More]

Megasys and Dealertrack now are collaborating even more; a development that might be especially beneficial to subprime auto finance companies. Megasys, a provider of complete loan servicing systems for the consumer finance industry, announced this week a new facet of its integral partnership with Dealertrack. The latest partnership integration quickens the indirect financing decisioning process with […] [Read More]

At least for another month, auto finance companies won’t necessarily have to modify the interest rates they charge because of the latest decision by the Federal Reserve. Thanks to unanimous approval by all eight members of the Federal Open Market Committee (FOMC), policymakers this week decided to maintain the target range for the federal funds […] [Read More]

Dent Wizard International announced Thursday that it has promoted two more company leaders following the promotion of chief executive officer Mike Black last month. Addison Thomas has been promoted to chief operating officer and Doug Grill has been appointed to fill his most recent position as regional vice president of Dent Wizard’s Mid-South region. In addition […] [Read More]

Kia Motors America has added augmented reality technology to its digital assistant for Facebook Messenger. The automaker introduced its newly enhanced digital assistant at Facebook's annual F8 developer conference earlier this week. With the addition of new AR technology, Kia’s Facebook page and Kia.com website can now provide a more immersive experience in conjunction with Kia's second-generation digital assistant, according […] [Read More]

Several automakers joined a blockchain project this week that has truly a global footprint and objectives. MOBI — the Mobility Open Blockchain Initiative — announced its formation to explore blockchain for use in a new digital mobility ecosystem that could make transportation safer, more affordable and more widely accessible. Officials from MOBI said they are actively […] [Read More]

Dealer.com's advertising solution is now available through Cox Automotive Canada. The company announced earlier this week that Cox Automotive Canada can launch the full capability of the integrated platform across the Canadian market. Through the Dealer.com digital advertising solution, dealers can track and monitor ROI in real-time to automatically connect their vehicles with the most […] [Read More]