Edmunds.com revealed Tuesday that it has promoted three long-time executives. In a reorganization, former chief executive officer Jeremy Anwyl will be stepping into the role of vice chairman of the company. Anwyl has been with the Edmunds.com since December 1999, first as chief operating officer. “The new assignment allows him to focus on further strategic advancements,” […] [Read More]

In an industry known for its outspokenness, a new business model has taken front and center as new cause for debate — TrueCar.com. And Scott Painter, company founder, has addressed this head on in the form of an open letter to the automotive community. TrueCar, which recently signed an exclusive deal with Yahoo Autos, as […] [Read More]

Turns out, the most-researched new vehicles of 2011 on Kelley Blue Book’s website all are manufactured by the top five brands with the greatest share of market interest for this year. KBB’s top five brands with greatest share of market interest among new-vehicle shoppers included: 1. Toyota with 14.2 percent. 2. Ford with 13.5 percent. […] [Read More]

November marked another month of sequential wholesale value declines, but the month-over-month slide slowed down and prices maintained their lead over year-ago levels, according to the latest Guidelines report from NADA Used Car Guide. Overall, used vehicles (up to five years old) saw their prices fall 0.4 percent on a month-over-month basis in November. However, […] [Read More]

Dominion Dealer Solutions announced a re-organization on Tuesday that basically streamlines all of the company’s individual businesses under one roof. And with the new structure, the company also revealed a few changes in leadership roles. As to why it is bringing all its products and businesses under the same umbrella, the changes are part of […] [Read More]

Dealers who use Autoshopper.com now can leverage the site’s new partnership with OVE.com to list and wholesale their aged inventory. The site highlighted that participating dealers can push these units from their desktop or any mobile device without having to get a transporter to haul vehicles to or from an auction site. Dealers using Autoshopper.com’s […] [Read More]

With texting continuing to grow as one of consumers’ preferred forms of communication, it is becoming even more important for dealers to utilize this technology. And now, customers don’t even need to access a store’s website or jot down a number in order to start texting and communicating directly with dealership personnel. [Read More]

AutoNation revealed Tuesday that it has contributed to a new community focused scholarhip program at Nova Southeastern University to benefit students who are financially and otherwise disadvantaged. With significant founding gifts from AutoNation, founder Wayne Huizenga and Marti Huizenga, the Pathway Scholars program was launched to aid students enrolled in the H. Wayne Huizenga School […] [Read More]

Tight supply and high wholesale prices have caused many a headache for the used-car business this year, but one particular industry segment may give dealers a bit of financial relief while still helping them meet their used supply needs, according to Kelley Blue Book. The company stressed in its Blue Book Market Report that in […] [Read More]

ADESA revealed Monday afternoon that it has rolled out a revamped ADESA Market Guide that now includes data on vehicle sales from all independent auctions participating in AuctionPipeline, meaning the guide’s wholesale value calculations will be based on a “considerably larger” sample size. ADESA contends that having more local and national wholesale transaction data in […] [Read More]