The retail used-car market appears to be hitting a “leveling off period” when it comes to prices. In other words, shoppers shouldn’t expect much further relief. That’s according to the latest CARFAX Used Car Price Index, which said used-car asking prices on its platform are approaching a “floor.” While prices for pickup trucks and luxury […] [Read More]

Canadian Black Book has launched a new product that aims to make it easier for automotive professionals to drill down and benefit from retail market data. CBB said Pulse is a visualization tool whose capabilities can help dealers, fleet managers and others “power their business-critical decisions” about acquisitions and inventory. CBB said the tool can […] [Read More]

America’s Group has promoted America’s Auto Auction El Paso general manager Luke Pidgeon to regional vice president of the America’s Group Western region. “As we continue to grow, we are focused on strategically supporting our auctions,” senior regional vice president Brian Thomas said in a news release. “We are thrilled that Luke is taking on […] [Read More]

Jeremy Louisos isn’t just the senior vice president of Preowned Auto Logistics and an alumnus of Auto Remarketing’s 40 Under 40 program. As it turns out, he’s also a budding podcast star. Louisos, host of the PAL Podcast, will be among close to 20 podcasters recording shows on the podcast stage at Used Car Week, […] [Read More]

ActivEngage announced that its automotive messaging and consumer engagement solution now is securely integrated with CDK Global Elead CRM. The Elead delivery API is now available through the CDK Global Fortellis Marketplace. The integration is geared to give automotive dealerships the capability to seamlessly retrieve ActivEngage inbound chat and messaging data via secure data-protected API […] [Read More]

The world’s largest auto auction is getting some of the industry’s latest technology. Manheim Pennsylvania — which bills itself as “the world’s largest wholesale vehicle auction” — has added three fixed imaging tunnels, powered by Fyusion artificial intelligence technology, designed to provide the industry’s most consistent and complete view of each vehicle. Manheim became the […] [Read More]

Experian this week rolled out its latest effort to curb fraudulent applications amid rising vehicle prices and the automotive industry relying more heavily on digital retailing. The company introduced the Hunter Automotive Fraud Alliance, which Experian described as a collaborative data network designed to help automotive finance companies in the United States share real-time fraud […] [Read More]

Group 1 Automotive had a record-breaking third quarter, and according to company officials, technology is playing a big role in that success. The dealer group, which operates 201 dealerships and 41 collision centers in the U.S, and U.K., reported $4.7 billion in revenues and total gross profit of $786.2 million – both company records – during its quarterly earnings call this week, as well as $169.8 million in adjusted net income. Group 1 also set all-time highs for ... [Read More]

McGovern Automotive Group announced it has added to its holdings in New York with the acquisition of Genesis of Queensbury. The Massachusetts-based dealer group will relocate the dealership to Albany, some 50 miles south, joining its Jaguar Land Rover and Volvo stores at the Albany Luxury Car Campus. In a news release, McGovern said much […] [Read More]

There are 20 groups for all manner of car dealers – franchises, independents, buy-here pay-here, big dealers, small dealers, fixed ops and more. Now there’s a 20 group for vendors. Vendor 20 Group (V20), which launched with its inaugural meeting Oct. 16 in Las Vegas, bills itself as the auto industry’s first 20 group “dedicated […] [Read More]