Vehicle service and repair shops with Workshop Software technology can now access newly integrated Carfax customer vehicle information that can help service technicians boost shop efficiency. Along with adding Carfax QuickVIN and Carfax Service History Check, the vehicle history reports provider announced Wednesday that Workshop Software has enhanced it shop management software to also include […] [Read More]

GrooveCar Direct announced 17 new credit union partners have joined its online vehicle shopping and financing program during the second quarter. Coming aboard the program in Q2 were institutions from 12 different states, serving 137,305 members, including: — AAA Federal Credit Union, South Bend, Ind., with assets of $64 million serving 6,905 members — Allegheny […] [Read More]

While improved recoveries in May helped to boost the overall metrics within the U.S. auto loan asset-backed securities (ABS) sector, S&P Global Ratings noticed significant turbulence is developing within the subprime space. On a static pool vintage basis, S&P Global Ratings discovered subprime cumulative net losses for the 2015 and 2016 cohorts are nearing the […] [Read More]

Sheehy Auto Stores announced Thursday that it has collected a total of $300,000 to donate to the American Heart Association. This is a record-breaking donation that Sheehy made as part of its annual Sheehy 8000 campaign — a 55-day campaign created to raise funds and awareness for the charity. From May 11 to July 5, […] [Read More]

Along with Genesis being the overall highest ranked brand for the first time, J.D. Power’s latest U.S. Automotive Performance, Execution and Layout (APEAL) study has also seen the largest ever year-over-year consumer satisfaction improvement this year. As for what is responsible for a sizable increase in overall satisfaction from 2017, J.D. power points to how the […] [Read More]

Group 1 Automotive today announced its positive results for the second quarter were due in part to a company-wide focus on used vehicles and “strong cost control.” The focus on pre-owned paid off for the dealer group in Q2, as it retailed 28,484 used vehicles, up from 25,202 sold during Q2 2017. Retail used-vehicle revenue was on […] [Read More]

DriveTime announced Monday that it has named a new chief financial officer to replace Kurt Wood. After four years of service and replacing Mark Sauder in 2014, Wood is leaving his CFO post at DriveTime, the used-car retailer said in a news release. Chosen to replace Wood is Mary Leigh Phillips, who most recently served as […] [Read More]

Used-vehicle sales this past month were strong — as were prices, perhaps easing tight margins in the dealership a bit. These stats and more painted a rosy picture for the used industry, even while many are waiting for the shoe to drop in terms of consequences from rising interest rates and an expected wave of off-lease supply. That’s […] [Read More]

After a successful pilot program, Manheim announced today its seller-focused mobile app Manheim Express is now available nationwide.  The app is free to download on Apple, and will be coming to Android later in the fall. The company shared that as upstream and digital sales channels continue to become more prevalent in the industry, Manheim […] [Read More]

When it comes to which consumers are continually gravitating to sport utility vehicles over sedans, household income levels and a vehicle owner's age can determine both consumer preferences and defection rates, according to IHS Markit's latest analysis on loyalty and defection. At a time when consumer preferences for SUVs are steadily increasing, the business information provider […] [Read More]