The web has long been a digital marketing platform for dealers, says Mike Burgiss, the vice president of digital retailing at Cox Automotive. For instance, a dealership listing its inventory on its own website and classifieds sites like Autotrader, Cars.com, etc. And lately, talk has ramped up about the internet being a dealer’s digital transaction platform. […] [Read More]

With rising off-lease vehicle volume being described as a “tailwind,” the April dealer survey conducted by KeyBanc Capital Markets indicated that 71 percent of respondents posted an increase in used-vehicle sales during the month. But not only did the remaining 29 percent of dealers surveyed sustain a drop in used turns, it might have been […] [Read More]

For the fourth consecutive year, members of the KAR Auction Services group of companies — ADESA, AFC, Insurance Auto Auctions and TradeRev — will auction off a premier vehicle during the National Independent Automobile Dealers Association Convention and Expo to benefit the NIADA Foundation. Officials highlighted this year's vehicle is an ivory white 2015 Chrysler 300 […] [Read More]

Hyundai has a new way for customers to take their online shopping experience to a new level, and it’s using a tool many have likely used before. Dealerships in Quebec and Alberta are offering customers a virtual tour of the showroom, service center and even the vehicles themselves by using Street View on Google Maps. […] [Read More]

The average price of a used vehicle for model years 2010 through 2014 depreciated by 0.5 percent month-over-month in May, according to Black Book data. Cars saw slightly higher depreciation during that period at 1.0 percent, while trucks saw a 0.2-percent slide for the month. Subcompact cars saw the largest depreciation in May at 2.4 percent. […] [Read More]

Commercial banks and credit unions typically work with customers in the prime space, but recent analysis shared by Equifax and Moody’s Analytics was geared to give executives and managers with those institutions some evidence in order to consider borrowers who might fall in the non-prime or even subprime tiers. Before going into a series of […] [Read More]

More than 30 percent of new-vehicle retail sales year-to-date have been leases, helping to push numbers for a few automakers, according to Kelley Blue Book senior analyst Alec Gutierrez. And while the short-term risks are marginal, there’s a bit of a slippery slope when leasing levels are this high, Gutierrez said during a conference call […] [Read More]

At the same time Spireon announced it has reached 3 million active subscribers for its suite of GPS-based vehicle telematics solutions, the company also highlighted this week that it has a new chief executive officer. Taking the reins as CEO is Kevin Weiss, who Spireon is asking to lead the next evolution of its strategic […] [Read More]

AutoVIN, which provides audit, inventory verification and inspection resources, has started a national accounts division and installed an executive director. ADESA, of which AutoVIN is a subsidiary, announced that AutoVIN will have a new national accounts team. The company named Amy Weisenburger the executive director of the team. Weisenburger was previously the manager of business development […] [Read More]

Online vehicle auction company Copart has furthered its international reach, this time with the opening of its first location in the Republic of Ireland. This new location, just outside of Carlow in Castledermot, will serve as the base for Copart’s new Ireland auctions and is the latest expansion across Europe following the company’s entry into […] [Read More]