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]

While lawmakers from opposing parties either cheered or jeered the vote tally, industry advocates from the banking, financial services and dealership communities on Thursday all applauded the U.S. House of Representatives for passing H.R. 10, the Financial CHOICE Act.  The measure is a comprehensive financial reform bill that includes what one group called “significant and much-needed […] [Read More]

This week, RouteOne highlighted that its eContracting platform reached a new milestone with 7.5 million booked eContracts. The threshold resulted in more than $200 billion in funded deals. RouteOne indicated the growth can be attributed to the rising adoption by: • More than 6,000 active eContracting Dealers • 36 live and in-pilot eContracting finance sources […] [Read More]

AutoPacific announced its 21st annual Vehicle Satisfaction Awards, which recognize the most satisfying vehicles in the market. Winners are selected by measuring how satisfied car owners are with their new vehicle. Over 54,000 owners of both new 2016 and 2017 makes and models were surveyed. "This is the 21st anniversary of AutoPacific identifying the most […] [Read More]

In Episode 6 of the Auto Remarketing Podcast, Joe Overby chats with Brian Benstock — vice president and GM of Paragon Honda & Paragon Acura — about Paragon Direct, the group's vehicle ecommerce and service platform. Brian offers his take on the role of dealers in digital retailing and more.  Download and subscribe to the Auto Remarketing […] [Read More]

This month, automakers' certified pre-owned programs carry a number of attractive and competitive deals, including some Autotrader says are traditionally offered solely to new car buyers. "If you're shopping on a budget, there are some great deals to be had among the many certified pre-owned offerings this month," Autotrader executive editor Brian Moody said in […] [Read More]