On paper, it might not seem like the most auspicious of starts to 2018 for the used-car market. January was the third straight month that wholesale prices declined sequentially, putting the Manheim Used Vehicle Value Index at its lowest reading since July. What’s more, the Cox Automotive report accompanying that index said retail used-car sales […] [Read More]

The chicken wings and guacamole from Super Bowl parties are long gone, but what about dealerships seeing a meaningful lift in shopper activity stemming from the television advertising bought by automakers during the game? If past trends are any indication, the store phones should have been busier than drink and food stations at those Big […] [Read More]

It is likely agents discuss their successes and challenges during the networking times and other activities associated with North American Repossessors Summit (NARS) that’s now been conducted for a decade. But now organizers of the industry event hosted by the American Recovery Association (ARA) and sponsored by Harding Brooks Insurance are designating a specific portion […] [Read More]

CarGurus continues to strengthen its presence in Europe. The company said Wednesday it has hired former Dropbox executive Wendy Harris as its vice president of European sales. Harris, who was most recently director of EMEA core enterprise sales at Dropbox, will be based out of the CarGurus European headquarters in Dublin. She had been at […] [Read More]

Carvana announced Wednesday that it has added Charleston, S.C., to its growing portfolio of markets. Charleston residents can now join Palmetto State drivers across Columbia and Greenville who can shop Carvana’s more than 9,000 vehicles and schedule as-soon-as-next-day vehicle delivery, the company said. “Charleston is a vibrant city that balances the traditional while always offering […] [Read More]

Dealertrack recently announced that it has introduced several upgrades for its new mobile application in an effort to improve and evolve dealer productivity. In addition to providing dealers access to credit application and contract activity quickly, via the Dealertrack mobile application, users can also securely track deals within their finance workflow while on the go, […] [Read More]

KPMG and TSI Auto Solutions announced Wednesday a new commercial partnership to launch business management software for Australian and New Zealand automotive manufacturers and dealer groups. As partners, according to the two companies, their plans are to come together to deliver both financial and non-financial performance solutions centered on key dealer performance metrics, business plan […] [Read More]

Black Book continues to see sprouts of the spring selling season germinate. On this heels of updating its Used Vehicle Retention Index for January, this week’s Black Book Market Insights report showed some possible early signs of the spring selling season, with cars showing lower depreciation than trucks. “It was a good week for mainstream […] [Read More]

Kelley Blue Book announced Wednesday both brand and category winners of its 5-Year Cost to Own Awards, which recognize Hyundai as the top brand to offer new vehicles with the lowest projected ownership costs. This is the second year that Hyundai has received KBB’s 5-Year Cost to Own brand award. KBB said that the Hyundai […] [Read More]

Cox Automotive senior economist Charlie Chesbrough explained the challenge facing the Federal Open Market Committee (FOMC) at the Federal Reserve. Chesbrough articulated how the implications might not impact dealership turns and finance company originations immediately, but he cautioned that trends can be difficult to steer if momentum builds too much. That challenge revolves around inflation […] [Read More]