The certified pre-owned vehicle market reached a major milestone in the second quarter and “moved past the 700,000 threshold for the first time,” according to a report released Tuesday by Edmunds. Specifically, there were 711,270 CPO vehicle sales during the quarter, beating year-ago figures by 2.5 percent, Edmunds said in its latest Used Car Report. Separately, the […] [Read More]

The latest data shows that car row in many other markets besides where your rooftop operates hasn’t changed much in the past few months. Urban Science released statistics and insights from its 2018 mid-year “Automotive Franchise Activity Report” (FAR), indicating continued stability in the number of franchised dealerships in the United States. As of July […] [Read More]

Millions of dollars continue to be poured into the developing carsharing space. Building on momentum generated during the past 18 months, Getaround — a carsharing platform that can help users instantly rent and drive vehicles shared by people in their city — on Tuesday announced its Series D financing round, totaling $300 million. The round […] [Read More]

Hertz Global Holdings has named Jamere Jackson from Nielsen Holdings to replace outgoing company chief financial officer Thomas Kennedy. The company announced Monday that after four-plus years with the company, Kennedy has resigned. And Hertz's senior vice president and chief accounting officer Robin Kramer will assume the additional role of acting CFO in the interim […] [Read More]

For the second time this month, authorities have made moves involving a dealership operating in Arizona; this time a buy-here, pay-here operation in the state’s largest market. Arizona attorney general Mark Brnovich and the Arizona Department of Revenue announced a state grand jury returned a 19-count indictment against Jalisco Corp., which includes Jalisco Auto Sales […] [Read More]

The seasonal upturn in auto defaults typically seen during the middle month of summer surfaced again based on the latest information from S&P Dow Jones Indices and Experian. According to data through July for the S&P/Experian Consumer Credit Default Indices released on Tuesday, the auto default rate increased 3 basis points to 0.96 percent, marking […] [Read More]

Retail remarketing has been adopted by many over the years, but has only recently established itself as a bona fide channel in the commercial remarketing space. Progressive remarketers are increasingly weaving retail into their broader remarketing strategy as they seek increased proceeds, speed, and efficiency for their own vehicles, client vehicles, repossessions and lease returns. While […] [Read More]

Auto retail expert Cory Mosley recently launched an online strategic consulting and presentations communications coaching service to help vendors and dealers win more sales. The resources are all available at MOSLEYB2B.com. “Having spent almost two decades working with and advising dealers, associations, and manufacturers, I have developed a unique perspective on how to truly penetrate […] [Read More]

While the buzz term “influencer marketing” may sound like a trendy industry tactic, it's been in the marketing world for some time now, but it seems to be gaining importance — especially in automotive circles. The concept behind influencer marketing has made its rounds with celebrity endorsements in the automotive industry, harnessing the celebrities’ popularity […] [Read More]

As a part of its new free, monthly educational webinar series for dealers called, Revenue Rescue, Affinitiv is hosting a launch session on Wednesday titled, “The Right Side of Recalls” at 1 p.m. ET. Each month, the company said that its new webinar series will explore various solutions, strategies and safeguards that can help dealerships maximize revenue potential. “The […] [Read More]