S&P Global Ratings used two words in a single sentence that finance companies catering to consumers with soft credit histories should be tickled to see. A recent report published by S&P Global Ratings indicated collateral performance in the U.S. subprime auto loan asset-backed securities (ABS) sector appears to have stabilized in 2017 after having deteriorated […] [Read More]

Sonic Automotive has EchoPark and Penske Automotive Group has CarSense; specific store branding initiatives to turn used vehicles. Now another of the large publicly traded groups is venturing down this road, too, as Group 1 Automotive recently explained the principles of its latest used-car project — Val-U-Line — a proprietary brand for high mileage pre-owned […] [Read More]

CarGurus announced Friday the launch of SEM Plus — the newest addition to its dealer product suite — at the 2018 NADA Show. SEM Plus is designed to help dealerships run their online marketing programs more efficiently when working to drive consumer traffic directly from both online and physical sites. Via CarGurus’s proprietary customer acquisition algorithm, […] [Read More]

Another year has come and gone, which means another Women & Automotive: Canadian Leadership Forum is here! Having been fortunate enough to attend every event to date, I’m very excited to be hosting a panel at this year’s event. This year’s conference, happening March 29, will focus on accountability, networking, innovation, leadership and mentorship. I […] [Read More]

ADESA, a business unit of KAR Auction Services, announced Wednesday that it has brought aboard Gil Hyder to serve as its executive sales director. Hyder brings more than 15 years of automotive industry experience to the auction company, and most recently served as director of commercial sales for KAR business unit Insurance Auto Auctions (IAA). (KAR […] [Read More]

Dealers are changing their sales process and upgrading technology, not only to boost close rates and customer satisfaction — but also to help retain staff — says new dealer research concerning turnover and sales processes. A sizable amount of dealers hold that both sales process and technology changes can combat the biggest factors that lead to […] [Read More]

Ally Financial made a pair of moves this week to enhance its position as a provider that can cater to shoppers who are looking to complete at least some of the financing process online. First, Clearlane — Ally’s online auto financing platform — announced the development of Clearmatch, a digital service that will allow customers […] [Read More]

GWC Warranty, a provider of used vehicle service contracts sold through dealers, recently announced the addition of Emily Dwyer as its new strategic brand manager. As a member of the marketing department, the company highlighted Dwyer will be responsible for developing strategies that increase GWC’s brand awareness and value among new and existing GWC partners […] [Read More]

SiriusXM has launched a new aftermarket connected car solution for dealers and their customers, developed by its company — Automatic Labs. The solution delivers connected vehicle service at a cost SiriusXM shared comes in as low as $40 per vehicle, including the device and introductory 6-month subscription. On top of providing features to drivers like […] [Read More]

On Thursday, CDK Global announced the launch of its new Fortellis Automotive Commerce Exchange platform. The company described the new platform as a technology engine and “plug-and-play platform”that works to allow developers, OEMs and dealers to securely integrate solutions and workflows to ramp up sales, operational efficiency and profitability.  Through the new platform, CDK Global […] [Read More]