Dealers should direct their attention to reaching online car shoppers as early as possible and enhancing their in-store experience to best navigate United States consumers’ car-buying behavior, says a recent study. With car buyers spending a total of four less days in market for a car compared to last year, dealers have less to time to […] [Read More]

According to the Edmunds Used Car Report, SUVs and trucks made up 47 percent of sales of 3-year-old vehicles in 2017. And in total, off-lease supply boosted the used market to reach 39.2 million sales last year — a record high. And as increases in off-lease supply begin to put long expected pressure on residual values, this […] [Read More]

As 2017 came to a close, auto dealership values fell a bit, and the number of dealerships sold in the U.S. for the year was down, but the tides could be turning in 2018. According to the year-end 2017 edition of the Haig Report, a report released by Haig Partners that studies M&A activity among […] [Read More]

J.D. Power's new president and chief executive officer Dave Habiger was named Wednesday. The news comes after preceding president and CEO Finbarr O’Neill in October informed the J.D. Power board of directors of his intention to retire from his post. “J.D. Power is fortunate to have a leader and operator of Dave’s caliber to execute on this next […] [Read More]

OpenRoad Auto Group recently announced that it has opened Western Canada’s first Karma Automotive dealership – its new KARMA VANCOUVER location. The Karma Automotive dealership is one of only three in the country. The store is also where the 2018 Karma Revero was unveiled. The Revero was recently named, “Luxury Green Car of Year” by the […] [Read More]

Pre-owned vehicles sales reached a record high last year of 39.2 million, according to the 2017 Edmunds Used Car Report.  This was up 1.6 percent from 2016. And for perspective on how much used sales growth the industry has experienced in the past five years, that number represents a 4.3-percent increase from 2012. So, why the record highs […] [Read More]

Manheim recently announced it has launched a new intelligent search function for wholesale inventory on its online platform OVE. The new personalized search tool offers dealers faster and more relevant results and increases search accuracy. OVE, which serves 66,000 active users and sees 900,000 monthly visits, now touts an intelligent search feature which uses machine learning […] [Read More]

Digital Air Strike announced today it has added artificial intelligence (AI) messaging platform — Path Chat — to its portfolio. Path Chat’s AI messaging solution, Response Path, will now be integrated into Digital Air Strike’s digital and social media response platform. Path Chat launched back at the start of 2016, and was originally designed to […] [Read More]

NextGear Capital introduced this week it's new Rapid Pay tool — a feature built to streamline and speed up funding within its Account Portal platform. This follows the company’s recent February announcement regarding the release of Account Portal’s AutoPay feature. Rapid Pay is designed to simplify the funding process for eligible dealers who want to floor plan […] [Read More]

Dominion Dealer Specialties, a division of Dominion Dealer Solutions, announced Tuesday that it has released a fully-redesigned Inventory Manager (IVM) mobile app to provide dealers with enhanced pricing features that allow dealers to easily manage their inventory wherever they are. This follows news from February that Dominion redesigned its DealActivator solution to provide users with […] [Read More]