Kelley Blue Book revealed its 2017 Brand Image Award winners on Tuesday — Subaru, Lexus and Ford took the top spots after receiving the highest average scores among 12 brand watch factors. This year, Subaru not only took home the title of Best Overall Brand for the second consecutive year, the brand has also been named […] [Read More]

This CarLotz location in Greensboro, N.C., sits in a pocket of Wendover Avenue nestled between car dealerships and an auto auction. Quite literally, it is adjacent to both retail and wholesale vehicle marketplaces. But metaphorically, the same could be said for the overall business concept of CarLotz itself.  The retail consumer can walk in to […] [Read More]

Perhaps with Passover and Easter at hand, the spring market truly is happening if the latest information contained in the latest Black Book Market Insights report is an indication. The report released on Tuesday showed the car segment as a whole increasing its value by 0.15 percent. Although the truck segment did not retain or […] [Read More]

Consolidated Asset Recovery Systems (CARS), a technology and services company that works with finance companies to help streamline the repossession and remarketing process, is hosting a free webinar focused on insurance claims and protecting finance company investments. The session, in conjunction with van Wagenen, will begin at 1 p.m. ET on April 25. The webinar […] [Read More]

In another preview of the annual industry benchmarks compiled by the National Alliance of Buy-Here, Pay-Here Dealers, Ken Shilson touched on three more highlights from the “most comprehensive report we have ever published on subprime auto finance,” covering activity through the end of 2016 as well as forward-looking commentary and comparisons with prior years. Shilson, the […] [Read More]

Wayne Reaves, one of the leading providers of dealer management software to independent dealers since 1987, will soon enhance its flagship product with NADA Values from J.D. Power Valuation Services. According to Jason Reaves, president of Wayne Reaves, “Our integration of used-vehicle values from J.D. Power Valuation Services makes the process of pricing a vehicle […] [Read More]

As a follow-up to its analysis that stated fraud in auto financing could reach $6 billion this year, PointPredictive released another white paper on Tuesday with suggestions on where that scheme could be nipped before it happens. PointPredictive’s new whitepaper, entitled “Improving Auto Dealer Fraud Monitoring with Pattern Recognition,” highlights the critical role that dealers […] [Read More]

Autotrader’s list of the top certified pre-owned deals available this April names luxury brands only; the car shopping site’s picks for the month suggests that it is an ideal time for those interested in a CPO luxury vehicle to shop. "Saving money is key for car shoppers and buying a CPO vehicle ensures you're not burdening yourself with […] [Read More]

Penske Automotive Group said Monday afternoon it has bought Schumacher European, LTD., a Mercedes-Benz and Sprinter store in Phoenix that is next to Penske’s existing 15-franchise Scottsdale 101 Auto Collection.  This purchase represents the retailer’s ninth Mercedes store in the U.S. and is projected to bring in about $250 million in annual revenues, the company said.  "Schumacher […] [Read More]

Car and Driver is now giving auto dealers the opportunity to place their inventory listings in front of an estimated 12 million-plus monthly online visitors through its website’s new inventory listings product that matches its online content and vehicle search capabilities with a dealer’s inventory. “This product marks the beginning of Car and Driver’s evolution […] [Read More]