Consumers who buy certified pre-owned vehicles are loyal to the automaker more than 62 percent of the time, according to a presentation from Experian Automotive at the NADA Convention and Expo here earlier this month. Their manufacturer loyalty rating (62.2 percent) trails that of new-car buyers (64.8 percent) but is nearly three points higher than non-CPO used […] [Read More]

As first reported by The Banks Report, Holman Automotive announced on Tuesday that it will acquire Kuni Automotive in a deal that executive say creates one of the largest privately owned dealer networks in the country. Holman added the deal also ensures a long future for a major charitable foundation. The dealer group highlighted the […] [Read More]

In a matter associated with intellectual property and information security, Digital Recognition Network announced on Tuesday that the company has entered into a settlement agreement to resolve the litigation accusing four repossession agencies of breaching their license agreements with DRN, misappropriating DRN’s trade secrets, and violating the Federal Computer Fraud and Abuse Act and Texas’ […] [Read More]

KAR Auction Services said Tuesday it has launched a Data Science Solutions Group that aims to help customers improve business decisions through analytics and predictive modeling. KAR DataSci will be led by Dr. Huey Antley, who was most recently vice president of marketing analytics for KAR’s Automotive Finance Corp. subsidiary. Antley will report to KAR […] [Read More]

Barrett-Jackson tabulated that it sold more than $23.2 million in collector cars and automobilia while attracting dramatically more bidders and attendees during its 14th annual Palm Beach Auction this past weekend. On Monday, the company highlighted this year’s Barrett-Jackson Palm Beach auction increased sales year-over-year with a higher average vehicle price in front of 65,000 […] [Read More]

CDK Global believes more than 73 percent of consumers prefer to do business with brands that make their shopping experience more relevant. With that metric in mind, CDK Global contends the company now can personalize the online consumer experience for dealerships’ new- and used-vehicle sales endeavors as well as their parts and service profit centers […] [Read More]

Used-car prices are expected to fall more than 8 percent over the next three years, according to an analysis released last week by RVI Group. The firm attributes the projected 8.2-percent drop in real used-vehicle prices (i.e. residual values) to growth in three key areas: supply, competition and incentive spending. “RVI forecasts an increase in leasing […] [Read More]

Remember Nissan’s “Dogs Love Trucks!” commercials from the 1990s?   Well, I have marginally strong anecdotal evidence that dogs really love whatever vehicle lets them stick their head out of the window (safely) and enjoy a cool breeze. Of course, that’s based solely on my childhood observations of a regal, roly-poly chow named Alvin. In honor […] [Read More]

The volume of auto-financing discussion — especially in the subprime space — Cox Automotive chief economist Tom Webb entertained at recent industry events and his quarterly conference call prompted him to ask a question. Recent analyst reports from Fitch Ratings and Moody’s Investors Service highlighted deterioration in performance in the subprime auto ABS market, prompting […] [Read More]

General Motors Financial broke ground on Monday for its new financial servicing center in San Antonio during a ceremony that featured several notable city, county and state officials and community leaders as speakers, including Gov. Greg Abbott. The company’s newest facility consisting of 100,000 square feet is planned to be built on 13.8 acres of […] [Read More]