The dealership group may not discuss it publicly very often or show its hand. But don’t be mistaken. Asbury Automotive Group is working on — and investing in — its digital capabilities. “We all agree this industry is changing, and it’s changing very rapidly. And so are we. We are not very public about what […] [Read More]

DealersLink has released FastBook Pro 5.0, the company's new booking tool that can allow dealers to scan vehicles’ VINs and book out NADA, KBB, MMR, Black Book, CARFAX and AutoCheck simultaneously. “FastBook Pro 5.0 has the fastest VIN scanner on the market today,” DealersLink chief executive officer Mike Goicoechea said in a news release. “It will help […] [Read More]

The combination of price movements and softening lane activity means one thing, according to Black Book. The spring market appears to have fully bloomed. The latest Black Book Market Insights report showed both car and truck segments seeing higher depreciation than the last several weeks, both dropping 20 percent and 25 percent in value, respectively. […] [Read More]

Buy-here, pay-here dealers probably often want to get into the wallets of their customers. Not necessarily in a creepy and illegal way, but rather to ensure the individual makes payments and remains current on their installment contract. Well, with a new platform set to make a major launch into the BHPH space this month, operators […] [Read More]

Search Optics has introduced the Virtual Business Development Center (VBDC), a turnkey solution for comprehensive automotive dealer lead management that is designed to improve response times, increase lead conversion rates and reduce the cost of sale for dealers, the company announced on Tuesday. “As a digital marketing company with many years of specialization in the automotive market, […] [Read More]

S&P Global Ratings confirmed that typical seasonal impacts helped collateral performance in the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors to improve in March relative to February. Analysts indicated in their latest report that losses, delinquencies and recoveries performed better month-over-month due to seasonal trends, including consumers using tax refunds to catch up […] [Read More]

A new survey from CarGurus reveals that the first car buying experience of millennials starkly differs from that of previous generations. Compared to millennials, baby boomers were not only found to have been more involved when selecting their first car, but were also far more likely to have contributed to the purchase cost, the online automotive […] [Read More]

AutoNation president and chief operating officer Bill Berman has resigned, the company said in a news release Monday afternoon. The resignation was effective Monday, but Berman will continued to be employed by AutoNation in an advisory role through June 30. AutoNation chairman and chief executive officer Mike Jackson will take on operating responsibilities and the […] [Read More]

AutoMobility LA has announced that it is now accepting submissions for its 2017 Top Ten Automotive Startups Competition, which recognizes startup companies that have impressive innovations with the potential to shape the future of the new transportation industry. The competition’s finalists will be named just before the 2017 AutoMobility LA show, which will take place […] [Read More]

Along with some insight regarding behavior of new college graduates, Swapalease.com on Monday reported credit applicants for vehicle lease transfers dropped in April on both a sequential and year-over-year basis. However, the downward movements didn’t surprise site officials. The site indicated applications coming into its pipeline registered only a 60.0 percent approval rate for April, […] [Read More]