The Canadian buyers who did make a used-vehicle purchase in April evidently weren’t afraid of the price tag. Despite a month that saw unpredictable weather across Canada keeping many used-vehicle buyers from showrooms, the top 10 funded used vehicles in Cox Automotive Canada’s Dealertrack Online Credit Application Network continued to see annual average cash price […] [Read More]

Call it sales efficiency. Though there was a slight decrease in the number of vehicles entering auto auctions last year, the members of the National Auto Auction Association actually sold more cars than they did in 2016 and at a higher price tag.  Just over 10 million vehicles were sold at NAAA-member auctions in 2017, […] [Read More]

For those who follow the auto industry, when the name Digital Recognition Network is brought up, it’s likely to be associated with either the finance, fintech or repossession/recovery side of the business. But a move announced Wednesday could make DRN more of a household name on the retail side of the auto industry, as well. […] [Read More]

While mobility-focused technology continues to impact how individuals move each day, mobility solutions have also allowed fleets to use ride-hailing services like Uber and Lyft to better manage control costs and drive productivity. Automotive fleet management industry provider Wheels announced Wednesday that it has partnered with the Uber for Business platform to manage ground transportation […] [Read More]

The Berlin-based used-car sales startup that operates online automotive marketplaces in emerging markets across Latin America, Africa and Asia recently procured a total of $58 million in new funding. Frontier Car Group (FCG) has received $41 million in Series B from Balderton, TPG Growth, Fraser McCombs Capital and AutoTech Ventures, as well as an additional $17 million in debt […] [Read More]

The General Data Protection Regulation, commonly known as GDPR, is a regulation in EU law on data protection and privacy for all individuals within the European Union. The law was put into place on April 27, 2016 and allotted a two-year adoption grace period for businesses to strategize and implement compliance.  The GDPR encompasses all areas of […] [Read More]

Along with keeping their cars performing well, most Canadian car owners are looking to ensure their cars last a long time, as well, according to a recent survey. A CarGurus survey released Wednesday shows what Canadians prioritize most when it comes to vehicle upkeep. It seems most Canadians don’t even want to think about a new car […] [Read More]

Now it just needs President Trump’s signature. Much to the delight of industry leaders, the U.S. House of Representatives voted on Tuesday to repeal the Bureau of Consumer Financial Protection’s controversial 2013 guidance on indirect auto financing. The House approved S.J. Res. 57, which would overturn the much-criticized guidance document under the authority of the […] [Read More]

Carvana announced Wednesday the launch of its second car vending machine in North Carolina and ninth across the country. The Charlotte, N.C., facility is eight stories high and holds up to 32 vehicles. Charlotte was Carvana’s third market back in September 2014. The auto retailer also has machines in the Texas markets of Houston, Austin, San Antonio […] [Read More]

In connection with its existing brand extension strategy, AutoNation has launched its fourth wholesale auction. AutoNation’s new Atlanta auction location in Ellenwood, Ga. joins three other auctions, which are located in Los Angeles; Orlando, Fla.; and Houston. AutoNation chief executive officer Mike Jackson expressed excitement for the opening of the fourth AutoNation  auction during the retailers’ latest quarterly call. […] [Read More]