Increases in vehicles coming off leases. Better technology within the selling process. A more digital-first buyer. The need to manage residual risk. It’s such phenomena as these that have led to what auto industry consultant Maryann Keller describes as “more sophisticated remarketing,” where data analysis, cost management and new sales avenues coalesce in scientific wholesale […] [Read More]

Cars.com has unveiled a new social solutions product that is designed to help dealers share their Cars.com used-car listings with active shoppers on Facebook Marketplace. Cars.com announced Tuesday that its new Facebook Marketplace-integrated product, Social Sales Drive, can directly connect dealer's inventory to its business page on Facebook. According to Cars.com, Facebook is two times […] [Read More]

Here are more numbers that might please independent dealerships. The 2018 NIADA Convention and Expo might have been the 72nd such event in the National Independent Automobile Dealers Association’s long history, but it is No. 1 in all sorts of categories. NIADA’s first combined Mega-Conference since its December acquisition of the National Alliance of Buy- […] [Read More]

Insurance Auto Auctions announced Tuesday that it has concluded building its 11th Florida branch facility in Pasco County. This announcement comes just days after IAA announced that it opened a newly relocated Wichita, Kan., branch on Friday. Located about 45 miles north of Tampa, not only does IAA’s newest Florida branch expand the company’s footprint in the […] [Read More]

This one cuts close to home because the dealer in question is local to us at Ignite Consulting Partners, and I fear that a significant number of BHPH dealers are similarly vulnerable. And now, there is yet another case on the books that casts BHPH dealers in a negative light. Without losing a lot of […] [Read More]

Hertz is looking to make a safe bet on autonomous vehicles in Sin City. Coming on the heels of the rental car company hiring a new chief information officer, Hertz and its fleet management subsidiary, Donlen, on Tuesday announced a new strategic partnership with Aptiv, a global technology company enabling the future of mobility. Hertz […] [Read More]

On Tuesday, HyreCar reported preliminary financial results for the second quarter, and the carsharing start-up appears to be on quite a trajectory. After recently rolling out a successful initial public offering, HyreCar shared that its estimated revenues for the quarterly period that ended June 30 are expected to be approximately $2.1 million, an increase of […] [Read More]

Experian Automotive previously reported that monthly payments for new-vehicle retail installment contracts originated during the first quarter reached a record high at $523. The monthly payment for a used model approached $400 with analysts pinpointing it at $372. On Tuesday, Ally Financial released results of a poll that showed the depth of consumers who have […] [Read More]

National Auto Care Corp. is changing hands again. The provider of F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, financial institutions, third-party administrators and credit unions, has entered into an agreement to be acquired by Lovell Minnick Partners, a private equity firm specializing in financial and related business services […] [Read More]

Amid five consecutive years of annual sales growth, Mitsubishi Motors North America (MMNA) has made plans to grow its U.S. field operations zone offices from two locations to four locations. The automaker announced Monday that it will assemble new U.S. regional offices that will operate out of Cypress, Calif. and Orlando, Fla. The new offices will join […] [Read More]