Cars.com chief executive officer and president Alex Vetter explained why the company’s decision to acquire DealerRater goes way beyond just another sales tool within its service portfolio it can provide to dealerships. In a way, Vetter described the pending transaction first announced on Tuesday morning basically as a move to protect dealerships from losing their […] [Read More]

Sales of certified pre-owned vehicles are setting records. But a study commissioned by NADA Used Car Guide found consumer awareness about CPO programs still has plenty of room to improve. In a special report shared with Auto Remarketing on Tuesday, NADA UCG determined 50 percent of 18- to 34-year-olds who participated in the survey stated […] [Read More]

The fourth significant development coming from defi SOLUTIONS in the past month arrived on Tuesday morning. This time, defi SOLUTIONS finalized a partnership with eOriginal in an effort to bring secure eContracting and eVaulting capabilities to its growing finance company community. In a blog post revealing the news, defi SOLUTIONS explained that the integration of […] [Read More]

Cars.com announced on Tuesday morning that the company has entered into an agreement to acquire DealerRater, one of the industry's largest automotive consumer review websites. Officials indicated the transaction is subject to regulatory approval and customary closing conditions, and is expected to close by the end of August. Terms of the transaction were not disclosed. […] [Read More]

RVI Group analysts noticed more than half of the 19 vehicle segments they track for the Market Update posted a month-over-month increase in residual values during June. Leading this group with a rise of 1.9 percent were two vehicle segments that can get a lot of work during the summertime — full-size pickups and sports […] [Read More]

Lori Wittman, senior vice president of sales and finance and insurance solutions for Cox Automotive, was recognized as one of 2016’s Women Who Mean Business by the Kansas City Business Journal. The company highlighted this exclusive list honors female entrepreneurs and executives for their outstanding professional accomplishments and for their contributions to the Kansas City […] [Read More]

The revamp of TrueCar in the used-vehicle market continued on Monday. Avis Budget Group and TrueCar signed a multi-year partnership agreement in which used-vehicle shoppers can access Avis Budget Group’s inventory of high-quality, well-maintained off-rental vehicles through TrueCar.com. Officials highlighted that Avis Budget Group offers more than 100 makes and models on TrueCar's website from […] [Read More]

Online registration and hotel selection for the 2017 NADA Convention and Expo in New Orleans is now open. The four-day convention, which runs from Jan. 26-29, will be held at the Ernest N. Morial Convention Center. Considered the auto industry event of the year, the NADA convention includes dealer franchise meetings, workshops, an exhibitor showcase […] [Read More]

According to IHS Automotive forecasts, 55 percent of annual global new vehicle sales in 2020 will be vehicles that are connected. At that time, nearly half of the global fleet of vehicles in operation will be connected. And the future, it seems, is here, as a recent IHS Automotive global consumer survey called Connected Cars […] [Read More]

Coinciding with software provider Recall Masters enhancing its tracking solution, J.D. Power through its SafetyIQ platform combed through data generated by the National Highway Traffic Safety Administration. Analysts found that more than 45 million vehicles subject to safety recalls issued between 2013 and 2015 are still un-remedied. On Monday, J.D. Power described the situation created by […] [Read More]