While the price performance of compact cars caught the attention of editors this past week, Black Book personnel at the auction also noticed activity in the lanes picked up considerably during the second full week of 2017. The latest Black Book Market Insights report showed compact cars retaining their values better than most segments last […] [Read More]

Greater Erie Auto Auction recently announced that the operation has promoted Ryan Russell to assistant general manager/sales manager. Russell, who was formally a territory sales representative for the auction, brings more than 15 years of auction experience to his new role.  Russell came to Greater Erie AA six years ago as he previously worked for ADESA […] [Read More]

DealersLink chief executive officer Mike Goicoechea announced that the company will introduce two new mobile apps at the NADA Convention next week. “I grew up in an auto dealership and founded DealersLink with the express intent of creating the most efficient and advanced wholesale marketplace in the nation,” said Goicoechea. “DealersLink Marketplace and FastBook 5.0 […] [Read More]

Pearl Technology Holdings announced on Monday that its express retail platform, ShowroomXpress (SRX) has successfully completed in-store pilots for the Garff and Cochran Automotive Groups. “We decided to take a step back this year and really concentrate on building every element of the retail transaction within SRX,” said Pearl chief executive officer and founder Bruce […] [Read More]

Al Katz has been with Mercedes-Benz USA for 18 years and served in various managerial roles throughout his nearly two decades with the company. And on Jan. 1, he became the new general manager of pre-owned, remarketing & fleet operations for Mercedes.   That includes the popular certified pre-owned segment, and in an emailed Q&A, […] [Read More]

The auto finance default rate reported by S&P Dow Jones Indices and Experian for December fell in line at nearly the same reading as what analysts reported at the close of each of the previous two years. Data through December included in the S&P/Experian Consumer Credit Default Indices showed the auto rate at 1.03 percent, […] [Read More]

Auto/Mate Dealership Systems announced on Tuesday that it added two new feature updates to its DMS, Fixed Ops Suite. The new features are designed to increase auto dealership service departments’ efficiencies and revenue, according to Auto/Mate. VIN Scan, the company’s mobile tablet update, allows service advisors to scan VIN barcodes with a mobile tablet camera […] [Read More]

Given the gains in available inventory — particularly the flood of off-lease units hitting the market — used-car sales are likely to continue rising, says David Lim, vice president and equity analyst at Wells Fargo Securities. In other words, supply begets sales opportunity. And that opportunity is particularly evident, he said, in the standalone used-car […] [Read More]

Orchestrators of the second annual Diversity Volume Leadership Awards (DVL Awards) ceremony highlighted what they said is the tremendous impact that minority vehicle buyers have on the economy and brought awareness to what consider to be the lack of diversity that still remains present in the automotive industry. National Association of Minority Automobile Dealers (NAMAD) Damon […] [Read More]

On Monday, Helion Automotive Technologies announced the release of its new free eBook for auto dealerships, titled “Three Service Department Pain Points, Solved! How Faulty IT Infrastructures are Causing Dealerships to Lose Revenue, Lose Customers and Lose Employee Buy-In.” The eBook highlights problems service departments face when their networks don’t support new technologies that depend […] [Read More]