If your dealership has a potential buyer looking for a vehicle for a teenage driver, there’s a good chance one of the 49 “best choices” or one of the 82 “good choices” selected by the Insurance Institute for Highway Safety (IIHS) is likely in your inventory. There are 131 models on these lists even though […] [Read More]

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, recently improved its online coverage lookup tool to better assist drivers in obtaining critical vehicle service contract information. As part of GWC Warranty’s promise to deliver best-in-class customer service to dealers and their customers, the company explained the […] [Read More]

While a former Department of the Treasury official insisted the Dodd-Frank Act resulted in an economy “far stronger and more resilient today than it was preceding the crisis,” American Financial Services Association executive vice president Bill Himpler addressed the Consumer Financial Protection Bureau’s regulatory overreach of the state-regulated consumer credit industry and the need for […] [Read More]

Ford executive Joe Hinrichs isn’t fretting over off-lease volumes hitting the auto market, but it is something he is watching. The off-lease volumes — particularly in the car segments, where supply and demand aren't exactly matching these days — isn’t necessarily going to dramatically change the way Ford runs its business, he said.   That […] [Read More]

SiriusXM announced on Tuesday that dealer group Rightway Automotive signed on to its Pre-Owned Program, which provides a three-month subscription to the radio company’s All Access package. Any of the group’s customers who purchase a pre-owned vehicle with a factory-equipped satellite radio can use the service. “Rightway is a welcome addition as we continue to […] [Read More]

Clicking a button to buy a car is not only the route that the auto wants to go, it’s also the route it should go. That’s according to comments from Cox Automotive chief operating Mark O’Neil, shared ahead of his speech Tuesday at the Automotive Forum in New York. O’Neil projects that the industry is […] [Read More]

On Tuesday, Copart announced the opening of a new location in Betim, Minas Gerais — the company’s sixth location in Brazil. Copart's Betim location is in the metropolitan area of Belo Horizonte and will offer a wide selection of salvage and used vehicles, according to the company. "The new location in Betim supports us with […] [Read More]

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]