Softer comparisons for used-car sales in recent months don’t necessarily paint the full picture of the pre-owned vehicle market this year, as the seasonal adjusted annualized rate is moving full speed ahead. Edmunds forecasts 3.4 million used-car sales in May, down from 3.5 million in April. However, the pre-owned SAAR for the month (39.3 million) […] [Read More]

ServNet has named eight winners of its 3-year-old scholarship program created for children of employees who study at two- and four-year colleges. In January, ServNet announced that it expanded its scholarship program to hand out up to 10 awards this year. "We were pleased to expand the scholarship program this year, adding an additional award for […] [Read More]

With a focus on bringing dealers more accuracy and less headache, E-Drive Autos has released a new version of its interactive vehicle appraisal tool — TradeVue —  that has been augmented with integrated proprietary pricing algorithms and a fresh UX design, the company announced Wednesday. The company said that its newly released 2.5 version brings both dealers and consumers […] [Read More]

The rapid advancement in (and discussion about) autonomous driving capabilities could be the rare case in the automotive retail industry where the technology is moving faster than the consumer’s willingness to adopt. Seven years from now, there will likely be global shipments of 8 million consumer vehicles with SAE Levels 3 through 5 autonomous technology, […] [Read More]

As much as technology has enhanced the way Canadian dealers can find inventory that turns quickly while securing financing for their customers, personal relationships still matter, especially when it comes to store management and its F&I activities. For the second consecutive year, dealers in Canada continue to stress the importance of the dealer-finance company relationship […] [Read More]

Key findings of BillingTree’s sixth annual Operations and Technology Survey involving collections, recoveries and more, are showing just how much of an impact all of the widespread changes at the Consumer Financial Protection Bureau are leaving on service providers. For the first time in the history of the survey, BillingTree found that concerns over CFPB regulations […] [Read More]

Auto finance defaults are back below the 1-percent level for the first time this year, halting a stretch above that level dating back to last August. This week, S&P Dow Jones Indices and Experian released data through April for the S&P/Experian Consumer Credit Default Indices, and the auto segment dropped 6 basis points on a sequential […] [Read More]

Residents of three states can now access a carsharing marketplace where vehicle owners can provide their cars to carshare drivers seeking qualifying vehicles for their jobs. HyreCar, the peer-to-peer carsharing platform designed to facilitate carsharing for ridesharing, has launched in three additional states. The company announced Tuesday that vehicle owners and drivers in Hawaii, Iowa and Minnesota […] [Read More]

While an auction general manager in Texas shared short-term expectations for what might be happening in the lanes, the newest Black Book Market Insights report also highlighted a noteworthy development that just occurred. Editors determined truck values stabilized last week following several weeks of volatility, while cars saw higher demand at auction. “Sedans drop in […] [Read More]

During a time when it can be hard for consumers to easily narrow down what certified pre-owned vehicle programs to shop, Autotrader has come out with a list of top programs for shoppers to consider this year. Autotrader announced that it has come out with its list of the top luxury and non-luxury CPO programs for 2018 on Tuesday. […] [Read More]