One of the key benefits of bringing AmeriFleet into the fold, say MetroGistics executives who talked with Auto Remarketing ahead of Monday’s merger announcement, is having the capability of what is known as “final-mile delivery.” MetroGistics Holdings and Tailwind Capital, which owns a majority stake in MetroGistics, announced the purchase of AmeriFleet on Monday. With […] [Read More]

A little more than a month after announcing plans to acquire a standalone used-car store chain in the Northeastern U.S., Penske Automotive Group has done the same in the U.K. Penske announced Friday that it has signed an agreement to buy CarShop, a chain of five standalone used-car retail stores in the U.K.  This follows […] [Read More]

On Monday, KosLo announced it enhanced its website by integrating NADAguides year, make, and model data — creating a more customized experience for car shoppers and a new way for dealers to reach them nationwide. “With the integration of NADAguides data into our system we know we will be able to make the car buying […] [Read More]

From at least a mathematician’s perspective, 2016 closed with Manheim noticing the least amount of volatility since the auction company created the Manheim Used Vehicle Value Index more than 20 years ago. Manheim reported on Monday that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased by 0.2 percent in December, which […] [Read More]

NIADA Member Services announced on Friday that it launched the National Affinity Partner Program (NAPP), a new partnership program, which gives NIADA member dealers increased access to partner providers’ products and services they use daily. “This new affinity partnership initiative focuses on firms that serve certain segments of the insurance/financial services markets as well as […] [Read More]

On Monday, TrueCar shared a handful or so of updates to its Dealer Pledge initiative for 2017 and said these enhancements will be the “centerpiece” of its efforts at the NADA Convention & Expo later this month. The company launched its Dealer Pledge in March to address concerns from TrueCar Certified Dealers. Among the six updates […] [Read More]

Regardless of which way the subprime breezes are blowing, GWC Warranty explained there are certain steps dealers can take to ensure their own subprime business doesn’t fluctuate with the annual ebbs and flows of the subprime market. The company that specializes in used-vehicle service contracts and related finance and insurance products sold through dealers pinpointed […] [Read More]

You might automatically assume if student loans — and difficulty in maintaining payments — are the hurdles to keeping the financing from being finalized for vehicle delivery, the customer surely is a recent college graduate. A new report from the Consumer Financial Protection Bureau indicated that situation might not necessarily be the case. The CFPB […] [Read More]

CarGurus combed through analysis of 900 million used-car searches on the car-shopping website from 2016 and found that Chevrolet, Ford and Toyota, respectively, were the most sought-after brands nationally. But the site also delved into the used-car search patterns of five major U.S. metropolitan areas to see which brands were resonating the most. In its first-ever […] [Read More]

After analyzing the 900 million used-car searches on its website in 2016, CarGurus found that when it comes to sought-after used vehicles, Ford and Chevrolet lead the way. The Big 3 rivals took five of the top six spots on the car-shopping website’s list of 10 most-searched used cars in 2016, according to the company's […] [Read More]