An important number that the nation’s auto dealers should know is 2663. NADA’s battle to tame the Consumer Financial Protection Bureau continues and Senate bill S. 2663 is the next chapter. This bill, entitled, “Reforming CFPB Indirect Auto Financing Guidance Act,” is identical to last year’s House bill — H.R. 1737 —which passed the House […] [Read More]

Roadster will be making its e-commerce platform available to dealers as a white-labeled solution, the company said Thursday. Through the platform, called Express Storefront, dealers will be able to put the entire car-buying process online, “from merchandising through home delivery,” Roadster said. It will initially be available just for new cars, but Roadster plans to […] [Read More]

Officials highlighted on Wednesday that CDK Used Lot Intelligence now will offer live auction capability for dealers as part of a new relationship with TradeRev, a mobile vehicle appraisal and auctioning system for dealers. The companies explained the new integration can enable dealers to efficiently and effectively receive instant, live bids at the point of […] [Read More]

CU Recovery and The Loan Service Center — a collections resource for credit unions to minimize losses on their delinquent active loan portfolios and maximize recoveries on charged-off loans — recently announced the eight recipients of scholarships to its fall 2016 Collection Academy. The company chose the honorees based on their submissions about the goals […] [Read More]

Arriving just a couple of days after video advertising technology firm Pixability detailed how many monthly views automotive content on YouTube generated in 2015, social video analytics company OpenSlate pinpointed the Top 10 automotive brands that enjoyed an average subscriber growth rate of 27.3 percent in January. OpenSlate indicated general automotive content YouTube channels generated […] [Read More]

It was a “down” week, according to the latest Black Book Market Insights report. Every segment — with the exception of small pickups — saw broad declines in the seven-day period ending Friday. Volume weighted, overall car values decreased by 0.43 percent last week, similar to the average depreciation rate of 0.40 percent seen in the previous […] [Read More]

Carvana has added a physical location in its 14th market: Richmond, Va. This is the online car retailer’s first location in Virginia, expanding its footprint that already included a wide swath of the South farther up the East Coast.   Carvana now provides “as-soon-as next-day delivery” to the following markets: — Atlanta — Austin, Texas […] [Read More]

eBay will be launching a pilot program with online retailer Vroom in the third quarter that will allow Vroom to make formal cash offers on cars listed by select private sellers on eBay Motors. Tony Hoang, head of vehicles for eBay Motors North America, said in a news release: “eBay continues to enhance its vehicles […] [Read More]

Southern California’s Galpin Motors announced that it will take its annual Galpin 10,000 summer sales event to the next level with a massive community initiative that involves raising funds for Children’s Hospital Los Angeles (CHLA), collecting school supplies for local schools and having its employees complete community service hours. “The Galpin 10,000 has been a fun […] [Read More]

The next issue of Auto Remarketing Canada will spotlight the Leading Dealer Groups of Canada. In this special edition, we will showcase some of the country’s oldest, biggest and most influential dealer groups, as well as the up-and-comers making waves in the Canadian used-car market. Similar to last year, we hope to highlight the stories […] [Read More]