Cox Automotive chief economist Tom Webb tipped his cap, so to speak, with regard to dealers being able to turn used metal after reviewing how wholesale prices behaved during the opening month of the year. Manheim reported on Tuesday that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) slipped slightly in January. […] [Read More]

On Tuesday, key storage and management solutions provider KEYper Systems announced that it has recently launched  KEYper GO, a mobile key management app that pairs with its electronic key management system. KEYper GO allows key management system users to check out and reserve keys, check the status of keys in real-time and notify co-workers when they […] [Read More]

Carvana announced on Tuesday it has extended its unique and innovative pick-up experience to more customers in Texas with the launch of its new Austin Car Vending Machine. The used-car buying platform opened its second vending machine in Houston two months ago. “We launched our free car delivery service in Austin in late 2015, and we’ve […] [Read More]

On New Year’s Eve, I was lucky enough to ring in 2017 in Athens, Greece. It was the trip of a lifetime: watching spectacular fireworks over the ancient Acropolis and the Parthenon, and experiencing the flavor of modern-day Athens. But, of course, the car guy in me had one big question: What’s it like to […] [Read More]

After hearing from the growing community of dealers using its mobile app to move inventory, startup 5miles integrated its platform with the Frazer dealership management system. The mobile marketplace recently announced an integration with Frazer DMS is the company’s latest partnership. “Dealers were flocking to 5miles to use our platform to sell more cars and […] [Read More]

There will likely be a record 3.6 million off-lease vehicles this year, according to Manheim’s 2017 Used Car Market Report. “And that’s not even close to the peak,” Cox Automotive Inventory Solutions president Janet Barnard said during a press conference here at the NADA Convention & Expo. That, she said, will happen in 2020, when […] [Read More]

Did you punch in the search term “Alfa Romeo” during Sunday night’s Super Bowl? If so, you probably weren’t alone. Online traffic for the Italian car brand — one of nine automakers to air ads during the game, according to Cars.com — skyrocketed, say analyses released Monday. There was a 1,179-percent spike in visits to […] [Read More]

The first two publicly traded groups to share their 2016 financial statements — AutoNation and Group 1 Automotive — posted mixed results within their used-vehicle departments. Group 1 reported that its dealerships retailed 129,131 used vehicles last year, representing a 4.0-percent increase above the 2015 figure. The company also generated a 3.3-percent rise in retail […] [Read More]

TREND Financial says its mission is to change the way consumers obtain vehicle financing. With release of version 3.0 of the TREND Lending Platform, the finance company consumers will now be able to receive an instant customizable approval for their auto financing needs. Starting now, consumers can access the TREND Lending Platform through TREND’s dealer […] [Read More]

Before Tom Brady and the New England Patriots claimed another Super Bowl victory on Sunday night, President Trump released his latest executive order and outlined what he called the “core principles” of financial system regulation, generating a wide array of industry-supporting and consumer-backing organization reactions. These “core principles” arrived at the same time Trump instructed […] [Read More]