After a 30-day window of studying auction sales and their associated auction charges earlier this year — a period that included more than 347,000 vehicles sold by clients — AutoIMS was able to determine the 10 most common charges spotted in the auction marketplace. And while some, like sale fees, transportation and detailing, were reported […] [Read More]

Cox Automotive announced Monday the launch of a new social media audience extension product that employs anonymous website behavior data from Autotrader and Kelley Blue Book's KBB.com. The audience extension product is designed to help OEM's and regional associations improve social media advertising efficiency, the company said. Advertisers can use the behavior data from Autotrader […] [Read More]

Elevated new-vehicle incentives are helping to slow the overall sales pace of certified used cars and trucks, analysts said, but some automakers’ CPO sales are still thriving. Industrywide sales of certified used cars and trucks in August dipped 1.4 percent to 230,013 but were up 0.3 percent to 1,798,711 units in the first eight months, […] [Read More]

Innovative Funding Services president Tim Janssen, who founded the company in 2007, is retiring from his post on Jan. 1, the company said in a news release.  Chad Shoemaker, who is currently chief executive officer of IFS, will add the role of president to his title. Janssen managed the role of vice president of business […] [Read More]

Automobile Technologies (AMT) has added the Ford OEM Certified Pre-Owned Inspection Checklist to its InspectionNotes app’s online forms library, the company announced Monday. InspectionNotes provides common OEM inspection forms and a custom online forms builder, which users can access to identically match any paper inspection forms they have. The app was created to allow mobile […] [Read More]

One of the most important events hosted by the National Independent Automobile Dealers Association starts today with a new name and the organization’s most ambitious goals ever. A record number of independent dealers from across the nation are converging on the nation’s capital for the National Policy Conference and Day on Capitol Hill — formerly […] [Read More]

RoadVantage recently introduced what the F&I program provider called a “powerful and innovative” program for lease customers called Preferred LeaseCare. The company explained this new concept combines the “as you drive” benefits of RoadVantage ancillary products with a lease-end benefit, possibly saving the lessee thousands of dollars through the lease term. Preferred LeaseCare offers dent […] [Read More]

Recent projects completed by the Competitive Enterprise Institute and the Cato Institute again delved into unsatisfactory assessments of the Consumer Financial Protection Bureau. Coinciding with House Republicans chastising the CFPB over its investigation of Wells Fargo, a wide-sweeping survey conducted by the Cato Institute found that participants agree with an assertion previously made by the […] [Read More]

FrogData is the latest company to announce Friday that it has become an approved CDK Partner, and is now part of a marketplace made up of 300 partner companies that offer more than 400 different applications for auto dealers. FrogData can now seamlessly access dealer data for use in its Dealer Data Analytics Platform, which […] [Read More]

Florida. The Mid-Atlantic. New England. Illinois, Texas, Colorado and Arizona. California. Not only do these areas contain some of the largest cities in the country, but they are also areas where the commercial consignors utilizing CarLotz have heavy volumes of vehicles for the company to remarket at retail. So with a $30 million round of […] [Read More]