Cars Commerce’s latest look at the used-vehicle market is an old story. As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up […] [Read More]

Inventory carryover risks are a major challenge for dealers and slashing prices might not be the best (and certainly not the only) remedy, according to a recent survey and analysis from Lotlinx. Dealers would be wise to tap into artificial intelligence and other advanced technologies, the company said in the analysis around its latest Inventory […] [Read More]

Less than a week after promoting two of its executives to be the company’s chief financial officer and chief risk officer, Safe-Guard Products International appointed its new chief operating officer on Thursday. Taking on the role for the provider of third-party private label protection products for the automotive, RV, marine and powersports industries is Darin […] [Read More]

The National Automotive Finance Association celebrated the success of its newest in-person event — the C-Suite Retreat in San Antonio. The association highlighted its private gathering offered a rare opportunity for CEOs and senior leaders to collaborate on addressing the industry’s most pressing challenges and explore new opportunities for growth and innovation. Organizers said last […] [Read More]

With more than 100 companies and associations now on board, the eSTART Coalition is adding some organizational structure. eSTART, a group of stakeholders with a shared mission to modernize title and registration processes across the country, has formed the eSTART advisory board. In a news release, the coalition said the seven-member board will “provide strategic […] [Read More]

The EVs for Everyone Podcast is getting another someone. The electric vehicle-centric podcast, founded and hosted by Elena Ciccotelli, is collaborating with Experian on “EVs for Everyone with Experian,” a new monthly podcast miniseries that aims to provide candid conversations about the current state and future prospects of the EV market in the U.S. “Although […] [Read More]

Big Time Advertising founder and CEO Terry MacCauley offered a variety of suggestions to help buy-here, pay-here and independent dealers secure an important resource to maintain profitability and success — repeat customers. “Retaining customers is more cost-effective than acquiring new ones, especially for dealerships operating on tighter margins. For independent and BHPH dealerships, implementing the […] [Read More]

The interest-rate cut by the Federal Reserve finally came on Wednesday afternoon, and it was more than what many experts anticipated. Policymakers trimmed the federal funds rate by 50 basis points. But, unfortunately, don’t expect an avalanche of car buyers in your dealership showroom and finance applications coming to your underwriting department as a result. […] [Read More]

A study by Repair OnDemand’s Mobile Tech RX looked into the priorities of automotive reconditioning technicians when it comes to digital tools. The Mobile Tech RX Foundational Research Study surveyed 174 auto-recon service providers, mostly mobile operations and mobile/fixed shop models specializing in paintless dent repair or hail damage repair across the U.S. The report […] [Read More]

American Recovery Association (ARA) now has more professionals in place to serve its membership of recovery and remarketing professionals. Cherokee Media Group previously learned ARA promoted Todd Squires to be its new executive director. And then the association announced on Wednesday that it has hired ARA member and technology committee member Wayne Ray as its […] [Read More]