OpenRoad Group is generating plenty of buzz these days. In honor of World Bee Day, May 20, the British Columbia-based dealership group established a rooftop beehive at its BMW Langley location in the Vancouver area. OpenRoad said the hive, which furthers its environment, social and governance commitments, “will provide a home for thousands of honeybees […] [Read More]

With many colleges and universities hosting their graduation ceremonies this month, potential buyers with fresh degrees might be walking into your showroom or scanning inventory on your dealership website. To cater to those particular purchasers, Autotrader released a list on Tuesday highlighting experts’ selections as the Best Cars for Recent College Graduates for 2024. Along […] [Read More]

In a social-media era fueled by platforms such as Facebook, Instagram, TikTok and X, DealerFire reminded stores about how valuable blogs still are — especially to highlight their values and active participation in the community. To help dealerships establish a blog and consistently publish content centered around the community, DealerFire shared a trio of recommendations […] [Read More]

As an extension of the panel discussion series at our auto industry news conferences, Cherokee Media Group is launching a new print and auto news podcast series called “Consignor Conversations,” where we interview leading remarketing executives from commercial consignors. We begin the series with an interview of Stephanie Compton, vice president of asset remarketing at […] [Read More]

Fitch Ratings offered some sullen — and perhaps not surprising to some executives — metrics and observations about U.S. subprime auto ABS performance. Analysts reported on Thursday that performance continues to weaken, with delinquencies and losses trending higher and recovery rates falling. “Delinquency and net loss metrics typically improve between January and April as borrowers […] [Read More]

Wholesale vehicle prices fell nearly 12% year-over-year in April and have continued modest month-over-month declines in May, according to the latest Kontos Kommentary report from ADESA chief economist Tom Kontos. Overall wholesale values last month came in at $14,559, down 11.7% from the April 2023 average of $16,468, according to the report. Prices were down […] [Read More]

How important is a good photo on a vehicle display page? Automotive photo, video and data collection company Redline decided to find out, and its recent survey showed consumers believe it’s very important. The survey of 372 adults — including respondents who indicated they had shopped online for a vehicle in the past three years […] [Read More]

DAS Technology’s collaboration with General Motors is going deeper. All the way down into the data mine. The automotive technology company announced it’s expanding its partnership with GM by joining the automaker’s equity mining program. DAS said its consumer data and experience platform, CDXP Complete, includes equity mining capabilities such as matching customers with equity […] [Read More]

SafePoint Dealer Services recently launched several new features designed to give dealerships control over communication with their customers while increasing monthly service revenue by 10-15% monthly. With newly enhanced GPS tracking and monitoring tools, alongside robust connected vehicle technology, Safepoint dealerships can take advantage of the following benefits: —A direct communication channel between the dealer […] [Read More]

The fall continues for wholesale vehicle values. Canadian Black Book’s weekly Market Insights report for the week ending May 18 showed another decrease in Canadian wholesale prices, with an overall drop of 0.38%. Two segments fell more than 1% in value in a week — compact vans (down 1.26%) and sub-compact cars (down 1.19%) — […] [Read More]