High vehicle prices and interest rates are delivering an economic one-two punch that is being felt throughout the used-vehicle ecosystem. Think consumer financing and monthly payments, dealership inventory and certified used vehicles, and residuals and repossessions. And they’re bound to be among the major discussion points during Used Car Week, set for Nov. 6-9 in Scottsdale, Ariz. In September, Cox Automotive released data showing that inflation and affordability concerns were the five top reasons consumers who said they ... [Read More]

With about 25,000 factory workers who assemble vehicles for Ford, General Motors and Stellantis on strike and oil still costing more than $90 per barrel, Black Book continues to see ramifications manifest in the auction lanes. According to the newest installment of Market Insights, Black Book reported wholesale values softened just 0.08% during the week […] [Read More]

automotiveMastermind, part of S&P Global Mobility and a provider of predictive analytics and marketing automation for dealerships, has introduced an application program interface designed to allow OEMs, dealer groups, digital retailers and customer data platforms to integrate with Mastermind, aM’s automated sales and marketing platform. aM said the API will enable industry partners to directly […] [Read More]

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]