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]

Janet Barnard has been named the new chief people officer of Cox Automotive, and Grace Huang has been chosen as the new president of Cox Automotive Inventory Solutions, which includes Manheim, among other brands. Rock Anderson, who had been chief people officer, is retiring. Both Barnard and Huang will move into their new roles Monday. […] [Read More]

Less than three weeks after revealing a massive cybersecurity data breach, Equifax said that chairman and chief executive officer Richard Smith is retiring from those posts effective today. Current board member Mark Feidler has been appointed non-executive chairman by the board. Interim CEO is Paulino do Rego Barros Jr., who was most recently Equifax’s president […] [Read More]

Once the No. 1 top-selling vehicle segment as recently as 2014, midsize sedans have been bumped to fifth by compact SUVs, large trucks, midsize SUVs and compact cars, according to Edmunds. respectively.  The latest analysis data from Edmund’s shows market share for midsize sedans is now just 10.7 percent. This is the segment’s lowest share […] [Read More]

Record360 recently announced it has integrated its asset documentation App into TSDLOANER, TSD’s cloud-based solution designed to track and manage rental and loaner car fleets. With the addition of Record360, TSDLOANER users can now enhance the walkaround process within their loaner departments, the company said. Both dealers and customers have the ability to digitize and […] [Read More]