Expanding supply means lower used prices. And with a new flow of off-lease vehicles expected to hit the market in the coming years, many in the industry are wary of the impact on used-vehicle retail sales. But AutoNation, who just experienced a 7.5-percent boost in  third-quarter used-vehicle retail sales, as well as a successful overall quarter, […] [Read More]

Do you have questions about how to generate leads, online and otherwise? Are you unsure about the effectiveness of your marketing and advertising strategy? How can you improve your social media strategy? If you’re a dealer (and even if you’re not!) and any of these questions linger at your store, Used Car Week’s next DealerChat […] [Read More]

Video marketing provider Flick Fusion has announced the release of InstaVid, an automated video-production service.  For dealers with video-producing needs, InstaVid is designed to instantly create and distribute video of dealer inventory. Brian Cox, the president and chief executive officer of Flick Fusion, commented on the swift nature of the tool. “InstaVid helps dealers move metal faster,” Cox said. […] [Read More]

CRM and BDC solution provider ELEAD1ONE announced the appointment of a former Asbury Automotive Group manager as its new director of digital marketing. Tapped for the position is Aaron Baldwin, who will be responsible for the daily operations, product strategy and performance of ELEAD Digital. The company recapped that ELEAD Digital develops, supports and implements […] [Read More]

AutoNation reported a successful third quarter this morning, with an 8-percent spike in new and used retail vehicles sales along with a 10-percent bump in overall revenue. The dealer group reported total revenue of $4.9 billion in Q3, a jump of 10 percent compared to the same period of 2013. Company management said revenue was […] [Read More]

ADESA subsidiary Recovery Database Network (RDN) formed a new partnership on Tuesday with Digital Recognition Network (DRN), one of the presenting sponsors of the Re3 Conference at Used Car Week. The companies highlighted the collaboration allows RDN finance company clients to access DRN’s SmartRecovery data from within the RDN system — all of which is […] [Read More]

With the Consumer Financial Protection Bureau pledging to intensify regulations that govern all kinds of debt collections, skip-tracing and investigations tool provider BellesLink described the five general requirements finance companies request of repossession agencies. BellesLink founder Paul Kulas emphasized these five requirements are necessary for large repo operations as well as one-man, one-truck shops. Kulas […] [Read More]

Edmunds.com has made the first acquisition in company history, announcing this morning it has purchased a mobile startup known as CarCodeSM that lets dealers and car shoppers conduct one-on-one text messaging with each other. Edmunds plans to launch this technology across its dealership network, providing CarCode for free to both dealers and consumers. “Car shoppers […] [Read More]

With gas prices falling at a rapid rate, there are a number of consequent trends popping up in the lanes. But perhaps one of the most dramatic turns last week was seen among the truck segments. Though truck prices have been performing well throughout the year, the segments fell by an average of $94 last […] [Read More]

Despite the volume of consumers who can obtain zero-percent financing as automakers compete to move new metal, the analyst team at Edmunds.com doesn’t expect leasing volume to diminish. In an extended analysis about the rise of zero-percent APR volume, site analysts still maintain that leasing is a growing trend among buyers, pointing toward volume of […] [Read More]