One discussion topic that often comes up at used-car industry conferences is this: the increased digitalization of the wholesale vehicle market, be it through third-party platforms or the online offerings of auction players. Well, a few statistics released Tuesday show some concrete proof of how far that digitalization has come. Saying the company saw “unprecedented […] [Read More]

KAR Auction Services Inc., Cox Automotive, Black Book and CarGurus are among the companies making heavy investments in data and analytics to help  their customers buy, sell and price vehicles more efficiently, said those companies’ executives who attended Used Car Week in November. The idea, the executives said, is to help manufacturers, financial institutions, dealers […] [Read More]

The Ford Mustang has once again seen the most shopper interest growth year-over-year, according to Jumpstart Automotive Media’s latest shopper interest data report, which shows that the model saw the biggest jump in views last year. The model has maintained its top position each year since 2014. In addition to growing interest in the most-viewed […] [Read More]

While more than a week remains in January, dealers might already be venturing into the wholesale market with spring on their minds, hoping retail sales increases bloom nicely. What managers are going to have to pay for inventory varies based on the latest analysis from Black Book and RVI Group. The December figures from RVI […] [Read More]

Now franchised dealers have another way to leverage the J.D. Power brand recognition; this time in the finance office. On Tuesday, J.D. Power launched what the company dubbed the J.D. Power Automotive Protection Products for new-vehicle buyers. These F&I products are available now at an expanding network of franchised dealerships across the country. “The finance […] [Read More]

F&I software provider Darwin Automotive announced on Tuesday that it has integrated smart disqualify technology into its F&I platform that can disqualify products based on Military Lending Act (MLA) qualifications. The company said this technology is incorporated into the platform for all users, at no charge, to help protect dealers and finance companies and provide […] [Read More]

AutoGravity highlighted another milestone on Tuesday. The FinTech platform that leverages mobile technology to allow consumers to apply for financing said it surpassed $2 billion requested financing in 2017. Launched in 2016, AutoGravity rapidly expanded from 100,000 users in its first six months to more than 1.3 million users, most of whom are convenience-seeking millennials […] [Read More]

In combing through the Federal Register this week, the National Automobile Dealers Association found that the Federal Trade Commission recently announced increases to various civil penalties amounts within its jurisdiction to adjust for inflation. In particular, that could be associated with collections and repossessions. The regulator stated that the penalties for violations of Section 5 […] [Read More]

LendingTree released findings of its study on which brands buyers who secure financing are stretching the most to afford. The company acknowledged financing a vehicle is one of the more significant financial decisions Americans make, and even those who try to save money by buying a used model can struggle to afford the monthly payments. […] [Read More]

Cox Automotive announced Tuesday that it has appointed John Griffin to serve as its Retail Solutions Group senior vice president of performance management. Most recently, Griffin was the vice president of performance management at Cox Automotive. The company said he led vAuto in setting the gold standard for performance management in automotive retail. In his […] [Read More]