Digital wholesale marketplace CarOffer, a subsidiary of CarGurus, announced an updated version of its platform that it said has “significantly improved” several logistical features. CarOffer said with its version 2.0, a majority of vehicles will receive a mechanical inspection, and transport time has been reduced to an average of seven days. “Within a few months […] [Read More]

America’s cars are going gray — and not just because they’re getting older. The latest study of car colors from iSeeCars shows gray rising in popularity, passing silver for third in market share behind perennial favorites white and black. According to the study, which analyzed more than 10 million 1- to 5-year-old used cars sold […] [Read More]

Edmunds combed through its third-quarter vehicle transaction data and discovered the average annual percentage rate (APR) for both new and used vehicles financed during Q3 continued to climb. And analysts spotted a new record for average down payments for used vehicles. Edmunds reported on Tuesday that new-vehicle APR ticked up three percentage points since last […] [Read More]

On Monday, Advantage Automotive Analytics announced the promotion of Melissa Frasher to national sales director. The provider of modern data analytics and advanced risk-mitigation solutions for vehicle finance professionals highlighted the executive move is part of its ongoing national expansion strategy and demonstration of its commitment to fostering and empowering in-house talent and expertise. The […] [Read More]

Conrad Galambos, president of Solutions into Motion LTD, says vehicle theft should be everyone’s concern. And there is new technology out there to address it. It’s just not being used, says Galambos. Especially as organized crime is wreaking havoc on ... [Read More]

Bob Gaito is the CEO of Auction Central, a dealer-to-dealer online wholesale marketplace. He joins the show to talk about what inspired the launch of the company, the importance of transparency through condition reports, the progress of Auction Central’s growth plan and road map, plus much more. Listen to the full conversation in the window […] [Read More]

CallRevu closed the third quarter by promoting Jeff DePascale to be its chief technology officer. The provider of automotive communication solutions highlighted that DePascale first joined CallRevu three years ago as senior vice president of technology. He now possesses 16 years of experience in technology, with 12 years specializing in enterprise SaaS. “Jeff DePascale is […] [Read More]

CarMax’s revenues, net earnings and sales all fell in the second quarter of its fiscal year, according to the company’s quarterly report. In Q2, which ended Aug. 31, the used vehicle retailer’s net revenues dropped 13.1% compared to the same span last year, finishing the quarter at $7.1 billion, while net earnings fell almost 6% […] [Read More]

Charitable Adult Rides and Services (CARS), a San Diego-based nonprofit that helps organizations increase fundraising through vehicle and real estate donation programs, has launched its second annual Cartober campaign, a month-long awareness initiative designed to promote the power of vehicle donations in supporting nonprofits. The campaign includes Disabled American Veterans, San Diego public television station […] [Read More]

When it comes to electric vehicles in the U.S., there’s Tesla and there’s everyone else. Experian’s Automotive Consumer Trends Report for the second quarter of 2023 confirms that fact with the finding that the automaker has four of the top five luxury EV models in terms of market share. At the top of the list […] [Read More]