General Motors president Dan Ammann acknowledged the situation involving overall off-lease volume in the wholesale market and how the automaker and its captive — General Motors Financial — set residual values created some notable stress. “We were just saying last night that when we were together a year ago, we were quite concerned, but we […] [Read More]

Along with highlighting the fruit of its collaboration with Dealer Marketing Services, Equifax also released findings from its latest consumer automotive survey, analyzing automotive shopping and buying behaviors across prime and subprime credit buyers, as well as millennial and Baby Boomer age groups. Among the key takeaways from the survey, Equifax determined prime and subprime […] [Read More]

AGORA, a Texas-based provider of technology solutions for the financial services industry including a platform for bulk portfolio transactions, recently finalized a partnership with Ignite Consulting Partners. The purpose of the collaboration is to provide increased transparency and security to the consumer finance marketplace through the development of a “Certified Seller Program.” AGORA considers Ignite […] [Read More]

PNC Bank and TrueCar have teamed up to offer consumers a new digital auto shopping experience. PNC Total Auto, powered by TrueCar, was launched Tuesday, a tool which the companies shared lets auto shoppers “browse, borrow, buy in three easy steps.” The end-to-end digital car buying experience is designed to help consumers better understand how […] [Read More]

Online car buying platform Carvana announced Tuesday the launch of its new Denver market as the company continues its westward expansion. Denver customers can now shop the more than 10,000 company-owned vehicles on Carvana.com. The site also offers services online to finance and purchase your vehicles, as well as schedule as-soon-as-next-day vehicle delivery. They can […] [Read More]

Now 13 years into the award program, this Cox Automotive accolade went to one of its own. Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Ellie Johnson, general manager at Manheim Statesville, representing the first time in the history of the award that it has been given to a Cox Automotive […] [Read More]

DealerRater announced recently that it has updated its Salesperson Connect offering to now feature Employee Profile Pages on Cars.com where shoppers can directly connect with dealer personnel. Along with making it easier to connect with dealership personnel, shoppers on Cars.com can read the 25 most recent reviews and background information on employees and select who they […] [Read More]

Dealer-FX announced Wednesday that it has been selected as the exclusive provider of digital aftersales applications for Mitsubishi Motors North America (MMNA). MMNA’s dealerships in the U.S. can now adopt DealerFX’s ONE Platform, a customized and branded MICAR solution for Mitsubishi. The ONE Platform is designed to track and facilitate each step of the aftersales […] [Read More]

As dealers, vendors and more gathered for NADA 2018 in Las Vegas, Cars.com launched its new social targeting product, as well as announced it will make available to its customers Conversations — an AI chat solution. Conversations is the first integrated Dealer Inspire product announcement since Cars.com purchased Dealer Inspire and Launch Digital Marketing for […] [Read More]

Cox Automotive released its new “Used Car Market Report & Outlook” book at the 2018 NADA Show in Las Vegas on Friday. Previously titled the “Manheim Used Car Market Report” — the revamped 23rd edition of the book has been expanded to combine in demand automotive industry data and insights with voices from across Cox […] [Read More]