AutoMobility LA announced Thursday that it is now accepting submissions for its upcoming 2018 Top Ten Automotive Startups Competition, which will recognize startups empowered to make significant advancements regarding the mobility space this fall. This year, the company said that it has added an electrification solution category to honor companies in the EV and clean transportation […] [Read More]

In an effort to simplify the service loyalty programs provided by dealerships, Incentivefox announced Thursday that it has introduced a new program that rewards consumers for their loyalty to dealership service departments. The company's newest program, called Service Loyalty Rewards, is designed to help dealerships provide their customers with enhanced automated promotions and reminders, as well as […] [Read More]

Building upon its latest dealer management system integration, 5miles has augmented its buy/sell platform to accommodate additional dealer-driven features. A marketplace for local services and second-hand goods like cars, the 5miles mobile application connects neighboring buyers and sellers who want to transact. Almost a year after the unveiling of its dealer inventory integration, 5miles recently introduced […] [Read More]

Interest rates on new-car financing is at a near-decade high, and zero-percent deals are at a seven-year low, according to Edmunds — all while the average total amount and monthly payment on new-car finance packages has reached record levels, says Experian. In short, the new-car finance market has tightened up. “The dream of owning a […] [Read More]

According to confirmation from Fiat Chrysler Automobiles on Friday, how FCA dealers can finance inventory and their retail sales is going to change. The automaker announced it intends to establish a captive financial services arm to provide U.S. consumers with more options to finance vehicle purchases while supporting the company’s sales volumes and bolstering its earnings.   […] [Read More]

Manheim has deepened its relationship with Carvana. The auction company said Wednesday it added to the list of markets in which it is partnering with the online retailer. Carvana, which can buy and sell wholesale vehicles through Manheim’s online marketplaces, is now working with Manheim in 40 markets, part of a collaboration that has included […] [Read More]

VW Credit (VCI) has signed on as a new consignor with the addition of the Dealers Auto Auction Group’s Chattanooga, Tenn., auction. The site is located no more than nine miles from the VW assembly plant that began production in the Volunteer State seven years ago. Dealers Auto Auction Group announced Wednesday that Dealers Auto Auction of […] [Read More]

There is quite a bit of investment in marketing aimed at pushing visitors — and subsequently, leads — to dealer websites, says Michael Murphey of Semcasting. “And the reality is, the consumer is becoming more savvy. And the consumer is becoming more private,” Murphey said. “And the amount of unknown shoppers continues to grow,” he said. […] [Read More]

A Canadian platform designed specifically to help automotive dealers recover costs that stem from burdensome aged inventory has connected with CARPROOF to provide automotive history and valuation data for every vehicle listed by a dealer. 90 Day Pool recently announced that in addition to seller’s disclosures, a new integration with CARPROOF provides dealers with a […] [Read More]

The investment that Cox Automotive has made in consumer mobility over the last handful of years continued with a major move on Thursday. The company is the lead investor in a $28.61 million Series B funding round for Ridecell, a software platform used to run mobility services like carsharing, ridesharing and autonomous fleet management. Additional […] [Read More]