Online vehicle retailer Carvana has set up shop in Houston, its second stop in the Lone Star State after adding Dallas to its list of markets earlier this year. Offering its free, next-day delivery services to the estimated 7.7 million consumers within a 100-mile radius of the Houston city center, Carvana now brings its physical […] [Read More]

New analysis from the Mercatus Center at George Mason University reviewed the law and economics of consumer debt collection and its regulation. The expert who compiled the report insisted that the Consumer Financial Protection Bureau should consider all the potential consequences of new regulation — both intended and unintended — to ensure that it will benefit […] [Read More]

Dealer-to-dealer auction platform TradeRev and ADESA Vancouver announced today a partnership with one of the country’s fastest-growing dealer groups. The two companies are entering an exclusive used-vehicle trade-in partnership with Canada’s OpenRoad Auto Group, which was featured in this year’s Auto Remarketing Canada Leading Dealer Groups Issue. Now, all of OpenRoad Auto Group’s trade-in units […] [Read More]

Amid the evolving diesel emissions scandal involving Volkswagen’s TDI models, many analysts are watching the situation closely for any dramatic shifts in these models' residuals and sales. In other words, what impact will the alleged “defeat device” software and the resulting firestorm from regulators and the EPA have on consumer and dealer interest in the […] [Read More]

Though this trend has probably been on your radar for a while now, this statistic really drives the point home. In September, some truck segments showed a smaller year-to-date depreciation rate than the hit cars took in just a month. Black Book offered this comparison in its breakdown of September price movement for model years […] [Read More]

After reading this headline, you may be saying to yourself, "What is a 'phablet?'"  Or holding back a chuckle at the silly sound of the word.  While either of those might be an appropriate response, a "phablet" — a smartphone with a screen size of 5.5 inches or larger, nearing the size of a tablet — is the source […] [Read More]

Wholesale prices didn’t move much in September, and trends seen throughout the course of the year continued to prove true this past month. The monthly analysis of wholesale prices by  ADESA Analytical Services indicates that used rates were “relatively flat” in September, as car prices continued to fall and truck prices were on the way up in light […] [Read More]

Dealers: do you have customers you would like to notify about their vehicle’s recall status, but you’re apprehensive to contact them due to being on the National Do Not Call Registry? Rest assured: NADA Regulatory Affairs reminds dealers that the “do-not-call” rules do not prohibit dealers from calling consumers about vehicle recalls. As long as the defect […] [Read More]

It’s often said, “I hope you make a truck load of bonuses as it means more profit for the dealership.”  Truth be told, both dealer and used-car manager have a minimum and maximum expectation. The right pay plan may help you land the right person for more profit. Managers now have to be hunters of […] [Read More]

There’s a new product called LotMonkey that launched in September and provides an application where dealers can create on-the-lot marketing materials more effectively. That includes things like license plate inserts, window stickers, windshield graphics and more. In the news release announcing the new company was an interesting thought on increased digitalization, stated as follows: “As […] [Read More]