Larry H. Miller Dealerships recently announced its Dodge Ram Peoria and Chrysler Jeep Avondale stores collected 74,996 bottles of water for the homeless after partnering with four local West Valley fire departments to host a community water drive. The drive colleled water from June 1 through August 31, tripling the organizer’s initial 25,000 bottles goal, […] [Read More]

While the September used-vehicle sales projection might not show it, dealers are certainly bracing for additional sales stemming from hurricane-damaged vehicles that need to be replaced. And it’s reflecting in how prices are moving, according to the latest this week’s Black Book Market Insights report. Editors found that prices for both compact cars and crossovers […] [Read More]

Online auto financing platform AutoGravity reached a new threshold. The company said on Wednesday that it has surpassed $1 billion in finance amounts requested on the AutoGravity platform. Additionally, AutoGravity has announced the launch of real-time inventory for new and used vehicles from partner dealership groups across the nation. Shoppers can browse real vehicle inventory […] [Read More]

Online used-vehicle sales platform Instamotor announced on Wednesday that it will allow dealers and private sellers in California and Texas to list their available inventory for free on the company’s iOS, Android and web platforms. By listing on Instamotor, dealers will get: • Access to more than 100,000 serious car shoppers monthly • Free inventory […] [Read More]

Activity over Labor Day weekend and the need for replacement vehicles destroyed by Hurricanes Harvey and Irma evidently aren’t going to push used-vehicle retail sales higher this month. Edmunds analysts said an estimated 3.19 million used vehicles will be sold in September for a seasonally adjusted annual rate (SAAR) of 38.8 million. Those projections are […] [Read More]

Since combining four companies a year ago, provider of marketing and technology services Affinitiv announced Tuesday it has finalized its executive team and will soon introduce an integrated platform that offers dealers an end-to-end marketing solution. Last year, the merging companies included DPS, Peak Performance, OneCommand and TimeHighway.com. Additionally, since then, Affinitiv has also acquired […] [Read More]

Experian Automotive indicated that 30-day delinquency moved little during the second quarter when compared to the same time a year ago, but the 60-day delinquency reading did deteriorate more noticeably. According to Experian’s State of the Automotive Finance Market Report, the overall 30-day delinquency rate stood at 2.20 percent at the close of Q2, which […] [Read More]

Coinciding with the regulator offering a deeper explanation of its revamped Used Car Rule, Tom Pahl of the Federal Trade Commission made the opening presentation during the National Policy Conference, hosted this week by the National Independent Automobile Dealers Association. Pahl covered a variety of topics during his 45-minute opportunity behind the lectern at the […] [Read More]

SpringboardAuto highlighted this week that the company has produced an upward trajectory of completed auto financing equal to a compound monthly growth rate of 20 percent. As a result, the company announced it has expanded operations to 22 states, now covering more than 70 percent of the U.S. population — a move driven by dealers’ […] [Read More]

Technology is evolving at an exciting pace. Artificial intelligence. Blockchain. Mobile e-commerce. Ride sharing. They’re not fictional. If they’re not already being utilized at your company, they’re being incubated. Bearing that in mind, Cherokee Media Group is launching the Automotive Intelligence Summit (AIS), which will be held July 24-26, 2018 at the Raleigh Marriott Crabtree […] [Read More]