As the California Air Resources Board (CARB) rejected a proposal from Volkswagen on how to modify some of the vehicles included in “Dieselgate,” the newest consumer survey from buyer intelligence firm Autolist.com indicated 50 percent of impacted owners are satisfied with the reparations payments. Autolist.com also highlighted 49 percent of scandal-affected owners plan to take […] [Read More]

NADA Used Car Guide reports that its seasonally adjusted used-vehicle price index at the midyear mark was 3.7 percent below last year’s six-month average. And the rate of depreciation is increasing: Used-vehicle prices were 12 percent lower through June relative to all of last year. In the same period last year, that figure was 9 […] [Read More]

Automotive digital marketing technology provider LotLinx recently announced John Lane joined the company's executive team as chief marketing officer. In this role, Lane will lead all LotLinx marketing and communication initiatives. Lane joins LotLinx after a 30-year career working for some of the world's largest advertising agencies as well as Fortune 500 companies. Most recently, […] [Read More]

TransUnion senior vice president and automotive business leader Jason Laky indicated auto refinancing still is a “small” portion of all new quarterly originations. However, start-up companies such as SpringboardAuto.com are aiming to boost the volume figure by creating online opportunities for consumers to apply for refinancing anywhere, anytime and receive a response in seconds. During […] [Read More]

Auto Title Express, an operating unit of Cox Automotive brand Dealertrack, announced the grand opening of its new Louisiana location is set for Monday. After more than 59 years serving the community, Auto Title Express is moving from its longtime Metairie, La., location at 3939 Veterans Blvd. to a larger, newly renovated, ground-floor space at […] [Read More]

Automotive Compliance Consultants president Terry Dortch recapped what he described as “sad and unfortunate” news about employee crimes against dealers. Before going into a few tips for protecting the dealership against such activities, Dortch highlighted a few recent headlines about such occurrences, including: • Florida couple accused of stealing $2 million from S.C. car dealership, […] [Read More]

AutoAlert, a data-mining and sales-lead generation platform, has hired Meg Stapleton as senior vice president of strategy and execution. Stapleton will be responsible for overseeing AutoAlert’s large-scale company initiatives, new-product deployment and OEM partner solutions in addition to mergers, acquisitions and strategic organizational development. Stapleton brings a wealth of experience in developing and maintaining emerging […] [Read More]

Audi Canada had its best month ever for certified pre-owned sales, moving 662 units for an 8-percent year-over-year gain. It sold 3,324 CPO units in the first half of the year for a 6.7-percent increase. Porsche had its best June for CPO, moving 180 units, up from 146 CPO sales a year ago, which had […] [Read More]

Auction Management Solutions announced this week that the firm recently started by industry veterans Tom Stewart and Richard Curtis has partnered with 166 Auto Auction for business development consulting. Mike Bradley, general manager of 166 Auto Auction, explained why he aligned with AMS, which provides consulting services to the automotive industry that include independent auto […] [Read More]

Equifax and Moody’s Analytics recently suggested commercial banks should consider borrowers who might fall in the non-prime or even subprime tiers to enhance their auto-finance opportunities. Evidently, officials from the Office of the Comptroller of the Currency (OCC) disagree stemming from what they shared in their Semiannual Risk Perspective released this week. The report indicated […] [Read More]