Carvana announced Wednesday that it has added Charleston, S.C., to its growing portfolio of markets. Charleston residents can now join Palmetto State drivers across Columbia and Greenville who can shop Carvana’s more than 9,000 vehicles and schedule as-soon-as-next-day vehicle delivery, the company said. “Charleston is a vibrant city that balances the traditional while always offering […] [Read More]

Dealertrack recently announced that it has introduced several upgrades for its new mobile application in an effort to improve and evolve dealer productivity. In addition to providing dealers access to credit application and contract activity quickly, via the Dealertrack mobile application, users can also securely track deals within their finance workflow while on the go, […] [Read More]

KPMG and TSI Auto Solutions announced Wednesday a new commercial partnership to launch business management software for Australian and New Zealand automotive manufacturers and dealer groups. As partners, according to the two companies, their plans are to come together to deliver both financial and non-financial performance solutions centered on key dealer performance metrics, business plan […] [Read More]

Black Book continues to see sprouts of the spring selling season germinate. On this heels of updating its Used Vehicle Retention Index for January, this week’s Black Book Market Insights report showed some possible early signs of the spring selling season, with cars showing lower depreciation than trucks. “It was a good week for mainstream […] [Read More]

Kelley Blue Book announced Wednesday both brand and category winners of its 5-Year Cost to Own Awards, which recognize Hyundai as the top brand to offer new vehicles with the lowest projected ownership costs. This is the second year that Hyundai has received KBB’s 5-Year Cost to Own brand award. KBB said that the Hyundai […] [Read More]

Cox Automotive senior economist Charlie Chesbrough explained the challenge facing the Federal Open Market Committee (FOMC) at the Federal Reserve. Chesbrough articulated how the implications might not impact dealership turns and finance company originations immediately, but he cautioned that trends can be difficult to steer if momentum builds too much. That challenge revolves around inflation […] [Read More]

It took AUL Corp. 21 years to reach 1 million vehicle services contracts. According to a new release shared this week, the VSC provider doubled that figure seven years later. AUL president and chief executive officer Jimmy Atkinson announced the company just surpassed 2 million contracts issued, making it one of the top independent vehicle […] [Read More]

KAR Auction Services announced Wednesday it has purchased STRATIM, a mobility and fleet management software company. It’s a move that gives KAR a strong foothold in the world of on-demand car- and ride-sharing services, urban commute providers and autonomous vehicles — a world in which many of KAR’s customers already take part. Through real-time data […] [Read More]

Dealers Auto Auction Group has purchased Rea Brothers Mid-South Auction from the Rea family, a move that expands the independent auto auction group into Mississippi. In late January 2016, the Rea family repurchased Mid-South Auction from the XLerate Group. Mid-South, originally founded in 1972, had formerly been owned by the Rea family and operated under […] [Read More]

The Auto Remarketing Canada Conference team announced Tuesday that TradeRev has joined CARPROOF as a presenting sponsor for this year’s event. Along with presenting sponsors TradeRev and CARPROOF, key industry associations like the CFLA, IARA, AMVOQ and others have come onboard to host this event in Toronto, whose content is specific to the used-car, auto finance and […] [Read More]