It’s taken five years, but federal officials are seeing an improvement if consumers faced a financial emergency roughly equal to one payment on their vehicle installment contract. The Federal Reserve Board’s latest Report on the economic well-being of U.S. households indicated four in 10 adults, if faced with an unexpected expense of $400, would either […] [Read More]

GSFSGroup created a new executive position to respond to growth and an increasing need for data management and innovative technology in the automotive F&I industry. The provider and administrator of a comprehensive portfolio of F&I products for dealerships this week announced the hiring of Steven Clark as its first vice president of IT Engineering.  GSFSGroup […] [Read More]

AutoGravity announced Thursday that it has chosen Jason Bonifay, a former CDK Global executive, to serve as the company’s new vice president of engineering. At CDK, Bonifay served as VP of development for product and engineering, where he oversaw more than 100 global associates who were responsible for engineering, product management, architecture and operations at […] [Read More]

CarGurus has confirmed a new partnership with one of Quebec's largest used-car dealer organizations to provide access to its customer acquisition channel for third-party listings. The company recently announced that more than 1,300 members of The Used Car Dealers Association of Quebec, known as AMVOQ (Association des Marchands de Vehicules D'occasion du Quebec), can now activate their […] [Read More]

As Kelley Blue Book rolls out its latest marketing campaign, Autotrader and KBB are teaming up with LendingTree to help potential buyers secure financing options just in time for Memorial Day weekend sales events. The Cox Automotive companies announced on Thursday that they now are collaborating with LendingTree’s auto finance marketplace to provide each site’s […] [Read More]

While recent research data concerning luxury shopper behavior shows that almost 40 percent of luxury owners are less likely to purchase a used car than mass-market owners, a growing number of shoppers in this audience are increasingly cross-shopping used and certified pre-owned vehicles. Amid the rise of off-lease vehicles which continue to enhance the used-car […] [Read More]

How can blockchain technology apply to car dealers, and how might they use it on a daily basis? Also,what type of companies could provide this type of technology in auto retaill? Pete MacInnis of eLend Solutions explains in the podcast below. After you give the podcast a listen, be sure to check out the agenda for […] [Read More]

Now members of the American International Automobile Dealers Association say they’re going to “Google” something, it could have a vastly different meaning. On Wednesday, AIADA announced a new affinity partnership with Google. The association highlighted that Google’s automotive team supports manufacturers and dealers by enabling them to reach the right audience with the right message […] [Read More]

Perhaps dealership managers won’t have to send lot porters to move those fuel-sippers to the front line for those Memorial Day weekend sales festivities just yet. It’s true potential buyers likely will be paying a little more for fuel just to get to your dealership. AAA reported this week that gas prices jumped 12 cents […] [Read More]

An assessment of supply is critical to understanding future residual price trends, though difficult to calculate. Our aim here is to help readers better understand the drivers of used-vehicle supply in the U.S. In 2015, about 17.5 million new cars and trucks were sold in the U.S. Let’s assume that all of these vehicles were […] [Read More]