Groupe PSA has officially launched its Free2Move Carsharing and mobility services in the U.S., with Washington, D.C. as its first market. The group — which includes the Peugeot, Citroen, DS, Opel and Vauxhall  brands — began its “free-floating” car-sharing services in D.C. on Thursday with 600 vehicles throughout the eight wards of the district. Free2Move […] [Read More]

Reconditioning is a vital part of most any retail used-car sales operations, including those in the growing standalone pre-owned store space. With that in mind, EchoPark Automotive — which is Sonic Automotive’s chain of used-car stores — has lined up auto reconditioning software provider AutoMobile Technologies to provide workflow automation software to its reconditioning facilities, […] [Read More]

Kerrigan Advisors has expanded to the East Coast. The California-based firm, which advises dealers on the sell-side of M&A, has opened its second office, setting up shop in the Washington, D.C. metro area. The D.C. office will be led by Gabe Robleto, who joins the company as vice president of buy/sell advisory. Robleto was most […] [Read More]

Sagent Lending Technologies, a joint venture between Fiserv and Warburg Pincus that was previously known as Fiserv Lending Solutions, made a move this week to help auto lenders protect against fraud. The company has integrated the Cross Check identity verification and fraud prevention solution from Innovis Data Solutions into its auto loan origination system. So […] [Read More]

With the industry still sifting through units impacted by Hurricanes Florence and Michael, Carfax shared new information on Thursday, highlighting how many vehicles damaged by flooding remain operation. Compared to this point last year after Hurricanes Harvey and Irma hit the U.S., Carfax reported 478,000 flooded vehicles on the road; a figure that represents a 47-percent […] [Read More]

Protective Asset Protection, a provider of F&I programs, services and dealer-owned warranty programs, recently announced results of a recent survey it commissioned to gauge the pulse of owners of today’s largest automotive dealers on issues ranging from F&I product performance in 2018 to their awareness of the changing tax law on participation programs. When President Donald […] [Read More]

Mitsubishi Motors North America has teamed up with Dealer-FX to launch a digital platform designed to help its dealers make service visits more seamless for their customers. This customer experience management platform is called MICAR and is based on the ONE platform from Dealer-FX. The ONE platform is designed to connect each phase of service […] [Read More]

Used-car managers looking for high-line units now potentially have more options via DealersLink. On Wednesday, DealersLink announced it has launched Sixt Remarketing inventory within its marketplace. Sixt is adding more than 1,000 off-rental vehicles to the national dealer-to-dealer marketplace. And to help stores find just what they need to satisfy a customer request, Sixt’s nationwide […] [Read More]

The brisk air and color-changing leaves may say otherwise, but October is looking a lot like September. Edmunds is predicting 3.3 million used-car sales this month, which is the same figure reached in September, based on its data set. The resulting used-car SAAR for the month is projected at 39.6 million – also on track […] [Read More]

Normal things you see in October are here: Children excited about Halloween around the corner, homecoming football games and leaves turning into a brilliant array of colors. And along with those things, even more good news for dealers: Wholesale prices are behaving typical for October, according to the latest edition of Market Insights from Black […] [Read More]