Apparently used-vehicle price watchers came to Cox Automotive chief economist Tom Webb in great numbers with a good bit of confusion about reported trends so far this year. As a result, Webb spent a good portion of his final quarterly conference call this past Friday explaining why the Manheim Used Vehicle Value Index showed only modest […] [Read More]

EVOX Images has launched the 6.0 version of its free virtual reality app RelayCars, which features an expansive and high-quality VR automotive library that allows users to tour the interior and exterior of more than 700 vehicles with Samsung Gear VR. Since its inception, the app has been downloaded more than 900,000 times, according to EVOX. “We […] [Read More]

ForeverCar.com announced on Monday that it has chosen an industry veteran to join its executive team as the company’s new chief operating officer. Selected for the position is Ryan Kasprzak, who was most recently vice president of pricing and product portfolio strategy at Asurion, a mobile devices and other consumer electronics protection and support company. […] [Read More]

Along with offering a glimpse into some overall quarterly metrics, S&P Global Ratings reported that collateral performance in the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors improved in February, relative to January. Analysts determined that losses, delinquencies and recoveries performed better month-over-month due to year-end seasonality coming to an end and consumers […] [Read More]

Dealership compliance auditing firm Total Dealer Compliance (TDC) recently launched its virtual training platform: a solution aimed at helping stores mitigate risk faced by proactive regulators to create a culture of compliance at a fraction of the cost. TDC claims to be charging roughly 80 percent less than its competitors for these virtual compliance training modules […] [Read More]

In-car Internet service provider Autonet Mobile recently improved the inventory monitoring capabilities of Dealer Connect, its year-old connected car technology platform built to support fleet and dealership operations, the company announced on Monday. Dealer Connect’s new updates allow dealership and fleet management to now view all of their connected vehicles on a single map, track […] [Read More]

Toyota and Mercedes-Benz have earned top mainstream and luxury brand honors, respectively, in the second annual ALG Pre-Owned Values Awards. The awards, announced Monday, recognize the 2-year-old vehicles expected to retain the most value over the next three years, ALG said in a news release. In addition to the overall brand winners, the POVA’s recognize […] [Read More]

The elimination of federal tax incentives would mean a fender-bender, if not a more serious “crash,” in the electric vehicle market, according to a report released Friday by Edmunds. And there certainly are some implications for the pre-owned side of the EV market. Would a lack of a tax credit on the new EV side indirectly […] [Read More]

Cox Automotive announced that on Monday, the company will launch Flash Forum, a new complimentary educational webinar series created to instruct dealers on how to improve results and successfully grow their wholesale and retail operations. Cox Automotive’s client education services team and subject-matter experts from the company’s various brands will host the 30-minute webinars. The […] [Read More]

During his last quarterly conference call on behalf of Cox Automotive, chief economist Tom Webb on Friday covered a wide range of used-vehicle topics, including an update on the Manheim Used Vehicle Value Index. Webb explained that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined 0.5 percent in March, relative to February.  […] [Read More]