It’s the heat of summer nationwide, but perhaps you could make the argument that things are frozen when considering auto financing and interest rates. Evidence of how frosty things might be within auto financing surfaced from the most recent findings of the Survey of Consumer Expectations (SCE) developed by the Federal Reserve Bank of New […] [Read More]

The National Auto Auction Association is rebranding its spring meeting and moving the event to April, where it will lead into the association’s World Automobile Auctioneers Championship. The NAAA Spring Remarketing Exchange, which was previously NAAA Total Access and held in conjunction with the NADA Show, will run April 22-23 at the Renaissance Phoenix Downtown. […] [Read More]

It hasn’t had quite the swings of, say, electoral politics in the past decade (or past month). But the ups and downs of used-vehicle prices in the last five years might rival the volatility of any other industry. According to the latest Industry Insights Report from Cars Commerce, the monthly average list price for used […] [Read More]

One of this year’s Emerging 8 honorees rolled out a tool designed to save more than 30 minutes per transaction at a dealership. CheckMy Driver, built by Modives, is geared to help dealers who typically must spend 30 minutes or more verifying insurance and ID during each delivery, what company executives acknowledged as “wasting time […] [Read More]

The ransomware attacks and phishing schemes bombarding dealerships nowadays prompted Botdoc to form a pair of partnerships. First, the specialist in secure digital transportation technologies partnered with KPA to provide dealerships with what they contend is an affordable, seamless and compliant solution to manage their consumer data. Then, Trust Stamp announced a partnership with Botdoc […] [Read More]

Taylor Bentley Conner has opened another door for women. The general manager of Howard Bentley Buick GMC in Albertville, Ala., is now the first female dealer principal in the company’s history. Conner had served as the dealership’s GM since 2018 and began pursuing application for dealer principal with General Motors as her role evolved. During […] [Read More]

Auto dealerships face a perpetual challenge: balancing inventory to meet customer demand without overstocking, which can lead to carryover inventory. Carryover inventory — vehicles that remain unsold for extended periods — ties up capital, incurs holding costs, and often requires discounting and markdowns to clear off the lot. This scenario impacts profitability and creates a […] [Read More]

Mobile service technology provider Curbee announced the full nationwide launch of its software-as-a-service platform, making it available to all U.S. vehicle manufacturers and dealers. The platform was launched to dealers on a limited basis in January. Curbee also announced it has closed on additional funding that raises the total raised externally by the company to […] [Read More]

Earlier this month, the Internal Revenue Service sent a reminder to dealers to be vigilant of digital criminals portraying themselves as representatives from the federal agency. This week, another federal agency — the Federal Motor Carrier Safety Administration (FMCSA) — delivered a similar message to transportation providers. FMCSA officials said in an online update that […] [Read More]

RoadVantage modified its leadership team in multiple ways this week, welcoming John Lutman as president of the F&I company, which offers a full portfolio of vehicle service contracts and ancillary products through certified agents. With Lutman coming aboard, RoadVantage slid previous president Randy Ross into the role of executive advisor. Lutman comes to RoadVantage following […] [Read More]