DriveTime announced Monday that it has named a new chief financial officer to replace Kurt Wood. After four years of service and replacing Mark Sauder in 2014, Wood is leaving his CFO post at DriveTime, the used-car retailer said in a news release. Chosen to replace Wood is Mary Leigh Phillips, who most recently served as […] [Read More]

Used-vehicle sales this past month were strong — as were prices, perhaps easing tight margins in the dealership a bit. These stats and more painted a rosy picture for the used industry, even while many are waiting for the shoe to drop in terms of consequences from rising interest rates and an expected wave of off-lease supply. That’s […] [Read More]

After a successful pilot program, Manheim announced today its seller-focused mobile app Manheim Express is now available nationwide.  The app is free to download on Apple, and will be coming to Android later in the fall. The company shared that as upstream and digital sales channels continue to become more prevalent in the industry, Manheim […] [Read More]

When it comes to which consumers are continually gravitating to sport utility vehicles over sedans, household income levels and a vehicle owner's age can determine both consumer preferences and defection rates, according to IHS Markit's latest analysis on loyalty and defection. At a time when consumer preferences for SUVs are steadily increasing, the business information provider […] [Read More]

Digital automotive company Dealers United will be acquiring Seattle-based media and video production firm, What’s Next Media. The deal was agreed upon on July 20th for an undisclosed amount.  What’s Next Media is designed for automotive dealers, and offers auto video content, including video consulting, as well as assets for Facebook and YouTube advertising.  Dealers United […] [Read More]

Compact-car prices have stayed strong for much of the year, but Black Book editors noticed these particular vehicles took a bit of dip.   This week’s Market Insights report from Black Book showed that while cars and trucks overall saw very similar depreciation last week, compact cars saw what editors called a “big drop” compared […] [Read More]

Consumers are very familiar with Japanese brands, and they have obviously been very well received.  But the case might not immediately be the same for Chinese brands eyeing entry in the U.S.  According to a recent poll by Autolist, Chinese brand vehicles may face difficulties “earning the trust” and attention of U.S. car shoppers.  According to […] [Read More]

Cox Automotive and fleet management company ARI’s Flexdrive business has entered a new partnership with Denmark-based car subscription operator Dribe. The company has announced that Dribe has selected Flexdrive as the technology platform to build and scale its own car subscription program. “Consumer expectations have shifted rapidly over the last few years and the desire […] [Read More]

HGreg.com, part of HGregoire, a network of 22 new and pre-owned car dealerships, is entering the Orlando, Fla., market.  Later this summer, HGreg.com will be opening its fifth store in the Sunshine State. The location, at 2510 Jetport Drive, is just one mile west of the Orlando International Airport. The new store will offer buyers […] [Read More]

Asbury Automotive Group announced its second quarter results on Tuesday, reporting a total of 21,685 used cars retailed during Q2, up from 20,263  sold during the same period of last year — for a 7-percent spike in used sales. Total new-vehicle sales came in at 26,069, up from 25,131 compared to the same time in […] [Read More]