Autodata Corp. determined the industry in March turned the second-highest amount of certified pre-owned vehicles ever. According to information shared with Auto Remarketing, dealers retailed 243,277 CPO units in March, off by just 0.3 percent year over year when the all-time sales record was established. That’s when the industry delivered 243,944 certified models. The March […] [Read More]

Black Book announced on Tuesday that its vehicle valuation insights are now available to eAutoAppraise dealer partners because the company now serves as the online trade-in solution’s new trade appraisal engine. “We’re excited to partner with eAutoAppraise, a superior online appraisal engine that offers dealers a chance to close more deals quicker and make strong profit margins,” […] [Read More]

As the industry continues to gather for the Auto Remarketing Canada Conference and the Women & Automotive: Canadian Leadership Forum, platinum sponsor TradeRev announced on Tuesday a series of exclusive relationships with some of Canada’s largest dealer groups. TradRev highlighted the collection includes the Dilawri Group of Companies, AWIN Group, The Humberview Group, Open Road […] [Read More]

The website of the multi-platform brand ran by TIME’s content and creative collective The Foundry — TheDrive.com — has added a new research and shopping page named SHOP, which instantly gives users access to the latest new and used-car data and connects prospective buyers with nearby dealers. Currently, the new digital innovation integrated across The Drive’s […] [Read More]

Kelley Blue Book senior analyst Alec Gutierrez shared an enthusiastic yet cautious assessment of the $100 million initial public offering launched by Carvana, the online used-vehicle retailer that said in its filing paperwork that it has sold and delivered approximately 27,500 vehicles to customers through its website during a three-year span from its inception through […] [Read More]

AutoGravity, which leverages advanced mobile technology to help vehicle shoppers secure financing, confirmed on Monday that its network of partner dealerships has grown to more than 1,400 franchised dealers. The growth of the dealer network coincides with AutoGravity also highlighted that over 250,0000 users — more than half of whom are millennials — have downloaded […] [Read More]

John Mendel’s career took him to posts with Ford, Mazda and most recently Honda where he retired this month after serving as executive vice president of the automobile division since November 2004. Mendel doesn’t appear ready to walk away from the industry altogether as TrueCar announced on Monday that he has been nominated for election […] [Read More]

Following a public comment period, the Federal Trade Commission said this past Friday that it has approved final consent orders with CarMax, Asbury Automotive Group and West-Herr Automotive Group, settling charges that they touted how “rigorously” they inspect their used vehicle, “yet failed to adequately disclose that some of the cars were subject to unrepaired […] [Read More]

This past Friday, the American Financial Services Association (AFSA) submitted a list of regulatory reforms to the Trump administration that the organization insisted would provide relief to its members operating in the consumer credit industry and ultimately benefit customers and communities across the United States. At the behest of Mark Calabria, chief economist for Vice […] [Read More]

Ally on Monday introduced an online marketplace called Clearlane; a platform designed to connects consumers with leading auto finance providers to finance or refinance their vehicles with ease. Ally highlighted Clearlane’s “simple and straightforward” process can provide customers with quotes from a robust network of finance providers, and personalized support to help apply for and […] [Read More]