Wayne Reaves, one of the leading providers of dealer management software to independent dealers since 1987, will soon enhance its flagship product with NADA Values from J.D. Power Valuation Services. According to Jason Reaves, president of Wayne Reaves, “Our integration of used-vehicle values from J.D. Power Valuation Services makes the process of pricing a vehicle […] [Read More]

As a follow-up to its analysis that stated fraud in auto financing could reach $6 billion this year, PointPredictive released another white paper on Tuesday with suggestions on where that scheme could be nipped before it happens. PointPredictive’s new whitepaper, entitled “Improving Auto Dealer Fraud Monitoring with Pattern Recognition,” highlights the critical role that dealers […] [Read More]

Autotrader’s list of the top certified pre-owned deals available this April names luxury brands only; the car shopping site’s picks for the month suggests that it is an ideal time for those interested in a CPO luxury vehicle to shop. "Saving money is key for car shoppers and buying a CPO vehicle ensures you're not burdening yourself with […] [Read More]

Penske Automotive Group said Monday afternoon it has bought Schumacher European, LTD., a Mercedes-Benz and Sprinter store in Phoenix that is next to Penske’s existing 15-franchise Scottsdale 101 Auto Collection.  This purchase represents the retailer’s ninth Mercedes store in the U.S. and is projected to bring in about $250 million in annual revenues, the company said.  "Schumacher […] [Read More]

Car and Driver is now giving auto dealers the opportunity to place their inventory listings in front of an estimated 12 million-plus monthly online visitors through its website’s new inventory listings product that matches its online content and vehicle search capabilities with a dealer’s inventory. “This product marks the beginning of Car and Driver’s evolution […] [Read More]

Apparently used-vehicle price watchers came to Cox Automotive chief economist Tom Webb in great numbers with a good bit of confusion about reported trends so far this year. As a result, Webb spent a good portion of his final quarterly conference call this past Friday explaining why the Manheim Used Vehicle Value Index showed only modest […] [Read More]

EVOX Images has launched the 6.0 version of its free virtual reality app RelayCars, which features an expansive and high-quality VR automotive library that allows users to tour the interior and exterior of more than 700 vehicles with Samsung Gear VR. Since its inception, the app has been downloaded more than 900,000 times, according to EVOX. “We […] [Read More]

ForeverCar.com announced on Monday that it has chosen an industry veteran to join its executive team as the company’s new chief operating officer. Selected for the position is Ryan Kasprzak, who was most recently vice president of pricing and product portfolio strategy at Asurion, a mobile devices and other consumer electronics protection and support company. […] [Read More]

Along with offering a glimpse into some overall quarterly metrics, S&P Global Ratings reported that collateral performance in the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors improved in February, relative to January. Analysts determined that losses, delinquencies and recoveries performed better month-over-month due to year-end seasonality coming to an end and consumers […] [Read More]

Dealership compliance auditing firm Total Dealer Compliance (TDC) recently launched its virtual training platform: a solution aimed at helping stores mitigate risk faced by proactive regulators to create a culture of compliance at a fraction of the cost. TDC claims to be charging roughly 80 percent less than its competitors for these virtual compliance training modules […] [Read More]