Dealertrack Technologies proposed a simple question on Tuesday, asking principals and managers how healthy their store website is. To gauge the status, the company launched a free Website Health Check Quiz while also giving dealers the chance to win an iPad Mini. “By taking the quiz, dealers will learn if their website is optimized to […] [Read More]

Luxury dealers looking to generate a few trade-ins might get a better idea of what kind of buyers make up their target audience, thanks to a list recently published by AutoTrader.com. The site has named its 10 Most Valuable Used Luxury Cars, as determined by the 3-year-old vehicles for which dealers are offering the most […] [Read More]

What’s the biggest  marketing opportunity out there? Paul Potratz, founder and chief operating officer of Potratz Partners Advertising covers his response and outlines what he thinks many dealers are ignoring while devising their marketing strategies. In his latest “Think Tank Tuesday” video report, Potratz stressed that service marketing is one of the biggest aspects of […] [Read More]

Dealer’s Auto Auction of Oklahoma City launched its summer promotional season with Round 1 of its 25th Anniversary Celebration in June. That sale was dubbed The Heat Wave, and included more than 2,000 vehicles and a Mystery Car Giveaway. The next phase in that celebration will occur on Thursday with the Sizzling Summer Sale, featuring […] [Read More]

Vehicle transportation company MetroGistics has announced the hiring of a new director of technology, responsible for the continued expansion of the company’s technology infrastructure and more. Named to the position is Craig Clayton, who will also lead the design of new Web and mobile applications to support clients for the company, and lead innovations within […] [Read More]

NEW YORK — Fitch Ratings contends modest year-over-year deterioration in loss and delinquency rates produced by the largest U.S. auto lenders signals an inflection point in auto loan asset quality. Analysts said in their special quarterly report "U.S. Auto Asset Quality Review," that they "expect asset quality trends to normalize later this year and into […] [Read More]

SCHAUMBURG, Ill. — As the amount of nonprime, subprime and deep subprime auto loans moved higher year-over-year, Experian Automotive discovered that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since analysts began tracking the data seven years ago. According to its latest State of the Automotive Finance Market report, Experian found […] [Read More]

SAN DIEGO — LHPH, a provider of services to the lease-here, pay-here and buy-here, pay-here industries, recently formed an exclusive relationship with Advantage Funding to provide financing for select dealers.  Officials explained LHPH and Advantage Funding worked together for more than a year to develop a dealer-finance model they believe is profitable and easy for […] [Read More]

LAKE SUCCESS, N.Y. — Dealertrack Technologies proposed a simple question on Tuesday, asking principals and managers how healthy their store website is. To gauge the status, the company launched a free Website Health Check Quiz while also giving dealers the chance to win an iPad Mini. "By taking the quiz, dealers will learn if their […] [Read More]

While the standardization of multi-platform selling is a hot topic among auctions and consignors alike, there’s a new dealer-to-dealer platform that’s likely to turn some heads in the online wholesale selling environment, as well. Aiming to spur a similar change on the wholesale side that sites like AutoTrader.com and Cars.com did on the retail dealer-to-consumer […] [Read More]