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]

Manheim highlighted on Monday that dealers seeking tools to help them leverage the “mountain” of available data in the buy/sell process are reporting increased efficiency and improved in-lane sales with Manheim’s Seller Dashboard. The company noted its clients are rapidly adopting the online tool — released this spring — that can deliver real-time sales statistics and historical data […] [Read More]

Visitors to manufacturer websites who use shopping tools such as a payment calculator or interior/exterior view tend to be more satisfied with their car-shopping experience, according to the summer edition of the J.D. Power 2016 Manufacturer Website Evaluation Study. The study, in its 17th year, measures the usefulness of automakers' websites during the new-vehicle shopping process […] [Read More]

General Motors Financial previously discussed how its subprime exposure would be declining as the finance company continues its strategy pivot to prime paper as the parent automaker’s captive provider. The company’s second-quarter financial statement reinforced the approach as GM Financial reported that it originated $1.614 billion in subprime contracts during Q2 — deals with consumers with […] [Read More]

Just ahead of when it rolled past five years of operation, the Consumer Financial Protection Bureau made three leadership changes involving the associate director for supervision, enforcement, and fair lending; the principal deputy general counsel; and the deputy chief operating officer. “I am very pleased to announce the changes to senior leadership positions at the […] [Read More]