On Monday, Cars.com launched Price Comparison Graphs, a new set of tools which provide consumers more context around the price of a used or new vehicle. The new pricing tools designed for its website and mobile app show how factors such as trim, mileage and certification impact the price of vehicles in a car shopper’s […] [Read More]

Consumer Portfolio Services chairman and chief executive officer Brad Bradley not only summarized how his company navigated the fourth quarter, but the outspoken industry veteran also perhaps gave a concise assessment of what’s happening at other subprime auto finance companies and the dealerships within their networks. First, here are CPS numbers to give a backdrop […] [Read More]

VisionMenu, a provider of software selling solutions to automotive and powersports dealers, recently released Remote F&I- a remote menu, disclosure and document signing web application that uses vSignature technology to control what a customer views on their smartphone and allows eSigning of any document. The company said the remote tool can give dealership F&I personnel […] [Read More]

Auto Remarketing is now accepting nominations for the Women in Remarketing Class of 2017. Don't miss the opportunity to honor the exceptional women of the used-car industry, who drive businesses such as auctions, consignors, dealerships, captive finance companies and more. The April 1 issue of Auto Remarketing will contain a special section designed to honor those women that […] [Read More]

At the NADA Convention & Expo, Spireon introduced its latest connected car solution — Kahu — the first connected car solution specifically designed for dealerships, according to the California company. Kahu is a smart add-on designed to provide dealers streamlined inventory and lot management that also offers car buyers location tracking and stolen vehicle recovery […] [Read More]

Penske Automotive Group has sealed the deal on its CarShop acquisition. The dealer group said in a news release Thursday it has completed its purchase of the U.K. used-car retailer. Penske expects CarShop to pull in about $340 million in annual revenue, and estimates accretion at $0.07 to $0.09 per share annually. Penske announced in […] [Read More]

Lithia Motors produced an 11-percent gain in same-store used-vehicle retail sales during both the fourth quarter and for the full year, according to the dealer group’s recently released financial statement. The company said it turned 28,715 used vehicles during Q4 and 113,498 used units during the calendar year, which represented year-over-year gains of 19.6 percent […] [Read More]

To conclude coverage from the Best CPO Dealers in the USA issue of Auto Remarketing, we share some certified pre-owned strategy from the top-selling Toyota CPO dealer as well as insight from a Volvo store that made the cut. Starting with Toyota, Auto Remarketing asked how dealers can increase CPO awareness among consumers, and which […] [Read More]

Beepi is reportedly dismantling. The Wall Street Journal reported this week that Beepi has spent $150 million in venture capital and will start liquidating assets to meet creditor obligations. A spokesperson on behalf of the online used-car retailer declined to comment when reached Friday via email by Auto Remarketing. At press time, Beepi’s website had a message referring visitors […] [Read More]

Vincentric has revealed the winners of its 13th annual Best Value in America Awards, which name brands and vehicles that provide cost-of-ownership value in various vehicle categories. Vincentric awarded Toyota two of its best value brand awards, one for  passenger cars and the other for SUVs/crossovers/vans. “Toyota delivered its impressive performance with eight different model-level […] [Read More]