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]

In-car Internet service provider Autonet Mobile recently improved the inventory monitoring capabilities of Dealer Connect, its year-old connected car technology platform built to support fleet and dealership operations, the company announced on Monday. Dealer Connect’s new updates allow dealership and fleet management to now view all of their connected vehicles on a single map, track […] [Read More]

Toyota and Mercedes-Benz have earned top mainstream and luxury brand honors, respectively, in the second annual ALG Pre-Owned Values Awards. The awards, announced Monday, recognize the 2-year-old vehicles expected to retain the most value over the next three years, ALG said in a news release. In addition to the overall brand winners, the POVA’s recognize […] [Read More]

The elimination of federal tax incentives would mean a fender-bender, if not a more serious “crash,” in the electric vehicle market, according to a report released Friday by Edmunds. And there certainly are some implications for the pre-owned side of the EV market. Would a lack of a tax credit on the new EV side indirectly […] [Read More]

Cox Automotive announced that on Monday, the company will launch Flash Forum, a new complimentary educational webinar series created to instruct dealers on how to improve results and successfully grow their wholesale and retail operations. Cox Automotive’s client education services team and subject-matter experts from the company’s various brands will host the 30-minute webinars. The […] [Read More]

During his last quarterly conference call on behalf of Cox Automotive, chief economist Tom Webb on Friday covered a wide range of used-vehicle topics, including an update on the Manheim Used Vehicle Value Index. Webb explained that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined 0.5 percent in March, relative to February.  […] [Read More]

Three fundamental reasons why auto dealerships find converting leads into buyers an obstacle are: inadequate explanation of the pricing and value proposition, lack of timely follow-up and not using leads' preferred follow-up communication methods, according to recent study results released by AutoLoop. "To increase lead conversion rates, the studies' results shine a spotlight on three […] [Read More]

Copart on Friday launched the newest version of the Copart Mobile App, available for Apple iOS and Android devices. The Copart Mobile App is designed to give buyers the ability to attend Copart’s live auctions from anywhere. With this new update, Copart said buyers will enjoy a faster, easier user experience. “Each new iteration of […] [Read More]