The year has started with a big push in volume for newer used cars, as nearly 273,000 late-model units made their way into the auction market last month. And that includes massive lifts from some SUV and truck segments.  That’s according to the latest Guidelines report from J.D. Power Valuation Services, which said auction volume for […] [Read More]

Auto/Mate Dealership Systems announced Monday that its team of five software developers came in first place and won a grand prize of $3,000 participating in the Hack Tech Valley Hackathon competition held at Schenectady County Community College in New York. Sixteen teams of coders had 24 hours to come up with an innovative software application […] [Read More]

ELEAD1ONE introduced on Monday its DealBuilder online car-buying application that enables salespeople to be completely mobile while guiding customers through the car-buying process. The new app can be used in-store with DealerBuilder Showroom, or on a dealer’s website with DealBuilder Online to show inventory, confirm quotes, communicate with managers, fill out credit apps and scan […] [Read More]

This past week, the House of Representatives passed two strongly bipartisan bills from the Financial Services Committee, one of which could have a significant impact on auto financing. Lawmakers highlighted that H.R. 3299 — the Protecting Consumers’ Access to Credit Act of 2017 — clarifies current law to ensure innovative marketplace lending remains in-tact while […] [Read More]

Consumers taking delivery of financed vehicles in places like Texas appear to be spending more for their units than in places like California, according to the latest analysis from personal finance website WalletHub. Contained in the first-quarter installment of its Auto Financing Report, WalletHub determined this year’s cities that overspend and spend the least on […] [Read More]

As a long-time car enthusiast, I can’t help but get excited by all the attention being lavished on the automotive industry right now. There are times as a venture capitalist, however, when I wonder if the spike in financings and associated high valuations are signs that we are in a bubble that’s about to burst. […] [Read More]

In addition to efficiency gains, Grappone Automotive Group's Mark Brown says Roadster's Express trade tool has brought its stores increase opportunity for customer loyalty. “They really appreciate the fact that we give them a firm offer that is competitive and relevant to the third-party resources that are out there in the world and are accurate,” Brown, the group’s […] [Read More]

The National Independent Automobile Dealers Association said Thursday that ACV Auctions is now a bronze-level national corporate partner of the organization. This follows news from earlier this month, when ACV announced a $31 million round of Series C venture funding that will allow it to double its footprint and expand coast-to-coast by year’s end. In […] [Read More]

Mark Fields remains involved in the automotive industry — in a heavy-duty way, as a matter of fact. Fields, who retired as president and chief executive officer of Ford last May, recently was appointed to the board of directors of FleetPride, one of the largest independent distributor of aftermarket heavy-duty truck and trailer parts. Fields certainly […] [Read More]

United Auto Credit recently honored its 2017 Auction of the Year, along with handing out four other regional winners. Receiving the award as the consignor’s Auction of the Year was Dealers Auto Auction of the Southwest. “We have been doing business with DAASW for several years, and they have consistently done a great job for […] [Read More]