Once the No. 1 top-selling vehicle segment as recently as 2014, midsize sedans have been bumped to fifth by compact SUVs, large trucks, midsize SUVs and compact cars, according to Edmunds. respectively.  The latest analysis data from Edmund’s shows market share for midsize sedans is now just 10.7 percent. This is the segment’s lowest share […] [Read More]

Record360 recently announced it has integrated its asset documentation App into TSDLOANER, TSD’s cloud-based solution designed to track and manage rental and loaner car fleets. With the addition of Record360, TSDLOANER users can now enhance the walkaround process within their loaner departments, the company said. Both dealers and customers have the ability to digitize and […] [Read More]

IHS Markit has purchased automotiveMastermind, a provider of behavior prediction analytics software and marketing solutions to auto dealers, in a deal announced Tuesday that is potentially worth more than $400 million. IHS Markit bought 78 percent of the predictive analytics company for roughly $392 million, IHS explained in a news release.  That figure can climb as […] [Read More]

After a 30-day window of studying auction sales and their associated auction charges earlier this year — a period that included more than 347,000 vehicles sold by clients — AutoIMS was able to determine the 10 most common charges spotted in the auction marketplace. And while some, like sale fees, transportation and detailing, were reported […] [Read More]

Cox Automotive announced Monday the launch of a new social media audience extension product that employs anonymous website behavior data from Autotrader and Kelley Blue Book's KBB.com. The audience extension product is designed to help OEM's and regional associations improve social media advertising efficiency, the company said. Advertisers can use the behavior data from Autotrader […] [Read More]

Elevated new-vehicle incentives are helping to slow the overall sales pace of certified used cars and trucks, analysts said, but some automakers’ CPO sales are still thriving. Industrywide sales of certified used cars and trucks in August dipped 1.4 percent to 230,013 but were up 0.3 percent to 1,798,711 units in the first eight months, […] [Read More]

Innovative Funding Services president Tim Janssen, who founded the company in 2007, is retiring from his post on Jan. 1, the company said in a news release.  Chad Shoemaker, who is currently chief executive officer of IFS, will add the role of president to his title. Janssen managed the role of vice president of business […] [Read More]

Automobile Technologies (AMT) has added the Ford OEM Certified Pre-Owned Inspection Checklist to its InspectionNotes app’s online forms library, the company announced Monday. InspectionNotes provides common OEM inspection forms and a custom online forms builder, which users can access to identically match any paper inspection forms they have. The app was created to allow mobile […] [Read More]

One of the most important events hosted by the National Independent Automobile Dealers Association starts today with a new name and the organization’s most ambitious goals ever. A record number of independent dealers from across the nation are converging on the nation’s capital for the National Policy Conference and Day on Capitol Hill — formerly […] [Read More]

RoadVantage recently introduced what the F&I program provider called a “powerful and innovative” program for lease customers called Preferred LeaseCare. The company explained this new concept combines the “as you drive” benefits of RoadVantage ancillary products with a lease-end benefit, possibly saving the lessee thousands of dollars through the lease term. Preferred LeaseCare offers dent […] [Read More]