Prices for pickup trucks held strong throughout most of 2015, touting retention rates much stronger than their smaller counterparts. But that trend is shifting. As 2016 gets underway, trucks are feeling the impact of heavier-than-normal depreciation trends, while cars are continuing on a downward path, as well, when it comes to prices in the lanes. […] [Read More]

ServNet Auction Group’s president Kevin Brown recently introduced the association’s board of directors. Planning for a busy year ahead, the recently appointed Brown acknowledged the contributions of ServNet members past and present who are transitioning into new roles within the organization. "It is an honor for me to serve as ServNet's president, and to work […] [Read More]

To help dealers better meet the expectations of their customers and of their workforce, Reynolds and Reynolds executives authored a number of whitepapers last year that offer strategies and practical steps dealers can take to deliver a more rewarding experience to their customers and to their employees. On Wednesday, Reynolds recapped five offerings that might […] [Read More]

Coming on the heels of another successful educational boot camp for new and veteran operators, the National Alliance of Buy-Here, Pay-Here Dealers has become an Authorized Education Provider for DBA International, the nonprofit trade association that represents more than 575 companies that purchase performing and nonperforming receivables on the secondary market. The organizations explained that […] [Read More]

Eighty million auto shoppers. That’s how many people that Cox Automotive — through the websites its companies manage on behalf of dealers, as well as via Autotrader and Kelley Blue Book — touched last month alone. That’s according to Mark O’Neil, Cox Automotive Software’s chief executive officer, while speaking with American International Automobile Dealers Association president Cody Lusk on […] [Read More]

The chairman of the U.S. House Financial Services Committee is urging Attorney General Loretta Lynch and other federal officials to stop distributing $80 million in settlement proceeds from the Consumer Financial Protection Bureau’s enforcement action against Ally Financial. A second committee report released on Wednesday says the CFPB is distributing money without verifying that recipients […] [Read More]

Dealertrack Technologies said on Wednesday that the 2016 edition of the Dealertrack Compliance Guide is now available in print and online!  For 11 years, Dealertrack has been the industry’s single best source of compliance guidance written for dealers and is free. The company highlighted the seven attributes that are new to the 2016 version, including: […] [Read More]

National Credit Center (NCC), a provider of comprehensive solutions and credit data to thousands of dealers to improve the efficiencies surrounding the credit approval process, announced this week it has acquired Las Vegas-based technology firm AimLogic. Developer of the predictive technology suite LogicTargeting, AimLogic provides dealers with specific information enabling them to connect with potential […] [Read More]

Edmunds.com launched a new product Wednesday that will allow dealers to connect with consumers looking to appraise their vehicles — and potentially generate used-car inventory and new leads for the dealer. So, how does Edmunds MyAppraise work? It begins by connecting with consumers who are already logging onto Edmunds (either by mobile or desktop device) […] [Read More]

A fully transactional e-commerce platform launched today by Car Lister allows dealers to buy used vehicles from private individuals — and take care of scheduling the inspection and transportation — directly from a mobile device. In essence, the Bring Your Best Offer program connects dealers with private sellers, who are given “a direct pipeline to […] [Read More]