KAR Auction Services announced that four of its leaders from KAR and its ADESA and Automotive Finance Corp. business units will be featured speakers and panelists at the National Independent Auto Dealers Association Convention & Expo this week in Las Vegas. The vehicle remarketing and technology solutions provider’s speakers include KAR chief economist Tom Kontos, AFC […] [Read More]

5miles is unveiling its new auto dealer DMS inventory integration program, ID5, at the National Independent Automobile Dealers Association’s Convention and Expo in Las Vegas. The company can now connect its app’s marketing capabilities with more than 12,500 dealerships across North America, since partnering with a third-party data management solutions provider that integrates with over […] [Read More]

By now, you probably realize that Cox Automotive has some new faces on its analytical front to replace longtime chief economist Tom Webb, who is officially retiring on June 30. You probably also realize that one of those additions has a DJ as an “alter ego.” That would be Jonathan Smoke, Cox Automotive’s new chief economist, […] [Read More]

Change seems to be always in the air in the auto finance space. Finance companies are adjusting underwriting to mitigate risk, maintain origination growth and watch for delinquency rises. Service providers are looking to improve their solutions while sustaining high levels of performance and compliance. And the professionals who lead the way in these endeavors […] [Read More]

With conference season getting into full swing for independent dealerships — including the National Independent Automobile Dealers Association’s annual conference, which runs Monday through Thursday — BHPH Report (Auto Remarketing’s sister publication) connected with Steve Jordan, NIADA’s chief executive officer. Below is a Q&A that ran as part of a larger feature story in the […] [Read More]

CarGurus recently released a survey that found trust to be a leading factor for consumers when shopping for expensive purchases, such as cars.  “Survey respondents indicated that the car shopping process is very much in need of increased transparency if dealers are to win the trust of Canadian car shoppers,” the car research and shopping […] [Read More]

American Auto Shield and Rod Heasley of KISS Concepts Group are introducing Modern Auto Protection — a vehicle service contract program that allows buyers to build their own unique plan — at the  NIADA Convention and Expo in Las Vegas.   The program was designed by Over The Edge, an Ohio-based business technology solutions company, and it is American […] [Read More]

According to Black Book data, the average price of a used vehicle for model years 2011 to 2015 decreased in value by 1.2 percent in May. Editors explained that movement represented a reversal from April when values actually increased 0.4 percent. Black Book indicated overall car values dropped by 1.8 percent, and trucks decreased by […] [Read More]

Carvana founder and chief executive officer Ernie Garcia is confident that the online used-vehicle retailer will have turned at least 10,000 units by the time the second quarter closes at the end of the month. And Garcia is upbeat that the gross profit per unit will be about $1,400. “The path to profitability is clear,” […] [Read More]

SoCal Penske Dealer Group announced it acquired the Fuller Ford, Fuller Honda, Fuller Kia and Fuller Collision Center in Chula Vista, Calif., further expanding its footprint in the Southern California market. The former Fuller locations have been rebranded as Penske Ford Chula Vista, Penske Honda Chula Vista, Penske Kia Chula Vista and Penske Collision Center Chula Vista. […] [Read More]