When it comes to the usefulness of technology inside of vehicles, satisfaction among car buyers has increased. According to the J.D. Power 2018 U.S. Tech Experience Index (TXI) Study, released Wednesday, overall satisfaction with new-vehicle technology among owners of luxury vehicles averages 766 (on a 1,000-point scale), while satisfaction among owners of mass-market vehicles is 765. This […] [Read More]

Many young professionals are taking on leadership roles in the auto industry and impacting the remarketing and used-car business. And 40 of these outstanding leaders are featured in the Sept. 1 edition of Auto Remarketing. In our fourth annual Remarketing & Used-Car Industry’s 40 Under 40 issue, you will find the current- and next-generation leaders of […] [Read More]

Back in 1988, a gallon of gas cost less than a dollar, and birds did all of the tweeting. Now with fuel much more expensive and tweeting having an entirely different connotation, Westlake Financial Services is celebrating, having reached 30 years in business this week and growing to one of the largest, privately owned auto […] [Read More]

As summertime unofficially winds down, Spireon is celebrating a number of corporate milestones secured during the first half of the year. Spireon attributed product innovation, “white-glove” customer service and key industry partnerships to increases in revenue, active subscriptions and customer service metrics. “Results for the first half of 2018 show market demand remains extremely strong […] [Read More]

Miami tourists and residents interested in an alternative to renting from a traditional car rental service can now connect to the developing Getaround carsharing platform. The provider of patented proprietary technology that lets drivers locate and unlock the vehicles of people in their city without having to interact with them has added Miami to its […] [Read More]

If you think the East Coast is hot right now, look at what’s happening in the used-car market. Especially in terms of prices. One particular index measuring used-car prices is poised to reach its highest level in almost three years, the annual retail sales rate is approaching 40 million and dealers are showing optimism. Granted, […] [Read More]

As a new partner of the Jefferson Awards Foundation (JAF), KAR Auction Services has plans to recognize employees for their volunteer endeavors and dedication to community service early next year. KAR announced Thursday that it will honor up to six employees who have been nominated by their co-workers to be a  2019 JAF national honoree. […] [Read More]

Kijiji Canada has brought aboard a new sales manager who is returning to the company to steer the growth of its autos vertical in Western Canada. The company has announced that Joe Shirjang, who brings well over a dozen years of both retail and vendor channel experience, is coming back to the company to serve as Western […] [Read More]

The amount of outstanding deep subprime paper slid to an all time low during the second quarter, according to Experian’s State of the Automotive Finance Market report released on Thursday. Analysts discovered deep subprime softened to an all-time low of 3.54 percent of the $1.149 trillion that Experian tabulated to be the total amount of […] [Read More]

If your franchised dealership sits among a total of eight rooftops within a span shorter than a test drive, experts say that at least one operation — perhaps where you sit now — has gained new ownership during the past four years. And it appears that buy/sell pace could intensify. Kerrigan Advisors pointed to a […] [Read More]