Kyte, which provides consumers cars on demand for short- or long-term use, is adding its 15th U.S. market on Friday: Atlanta. The San Francisco-based company landed a $60 million Series B funding round in November and began expanding its subscription service nationally. Its aim is to provide “flexible solutions for any trips longer than a […] [Read More]

Two experts who specialize in working with independent and buy-here, pay-here dealerships discussed a crucial resource that can help operators tremendously — online reviews. In this episode of the Auto Remarketing Podcast, Kenny Atcheson of Dealer Profit Pros and Steve Levine of Ignite Consulting Partners explained how dealers can gather and respond to reviews to […] [Read More]

Two looks at consumer confidence released this week offered mixed views on individuals’ current views of their finances and whether they might purchase a vehicle during the next six months. Beginning first with the 2023 Consumer Spending Survey by Provident Bank, a New Jersey-based financial institution, findings from Provident’s recent survey revealed that 73% of […] [Read More]

There was modest softening in the Canadian wholesale vehicle market last week, with most of the price downturn happening among truck segments, according to the latest Market Insights report from Canadian Black Book. Five of the vehicle categories in CBB’s data set showed price gains for the week, and all of them were car segments, […] [Read More]

The number of vehicles entering the lanes at NAAA-member auctions fell 7% year-over-year in 2022 and the number of units sold dropped 4%, but here’s some good news for their consignor partners: average price per unit climbed 4% and hit an all-time high. That’s according to the annual industry survey from the National Auto Auction […] [Read More]

GM Financial announced its Auction of the Year winners on Wednesday, spotlighting five regional honorees and one overall Most Valuable Auction of the Year winner. Starting with the 2022 Regional Auction of the Year Winners, those included: America’s Auto Auction Columbus Fair in Obetz, Ohio Southern Auto Auction in East Windsor, Conn. America’s Auto Auction […] [Read More]

Vehicle Acquisition Network (VAN) opened the month by releasing a new eBook focused on five process principles for completing private-party purchases based on extensive dealer feedback. And then this week, VAN, which connects dealers to more than 18 private-party platforms, introduced a new learning resource center called VAN University that’s within the VAN ENGAGE platform […] [Read More]

Consumer interest in used electric vehicles has more than doubled year-over-year, and many of those with an EV trade-in are apparently pleasantly surprised at what their trade fetches. Though the industry is still working to solve challenges in the pre-owned EV space —  like battery health — both of those findings from the second annual […] [Read More]

Here’s more evidence that staying in communication with your customers could help keep payments coming and potentially keep your auto finance portfolio healthier. Lexop said a recent survey of more than 1,100 American consumers who were late in paying their bills revealed how simple improvements to the billing and collections process could significantly reduce delinquency […] [Read More]

On Wednesday, the Standards for Technology in Automotive Retail (STAR), a leading automotive IT standards organization, announced the approval of uniform risk assessment standards for retail automotive. According to a news release, these standards can assist automotive dealers and vendors alike in complying with cybersecurity requirements under the revised Safeguards Rule from the Federal Trade […] [Read More]