Vehicle subscription company Flexcar is now offering delivery to customers in Massachusetts. The company said its delivery service covers more than 75% of the state’s ZIP codes and is immediately available for drivers in the region who currently use Flexcar as well as new customers. “Massachusetts drivers love Flexcar’s subscription-based alternative to car ownership, and […] [Read More]

Paul Lips had a long, successful career with ADESA and its former parent company (then KAR Global, which rebranded as OPENLANE this year) that spanned more than 25 years and included numerous accolades. But in the midst of all that, Paul Lips actually had a different career goal in mind, an aspiration he confessed one day while talking to Frank Hackett, then CEO of the National Auto Auction Association. “I told Frank probably 10 years ago, ‘Hey, if the timing works out, I’d love to run the association if you ever retire,’” Lips said. That dream ... [Read More]

After a slow 2022, the certified pre-owned vehicle market is “hotter than expected” and continues to outpace year-ago figures by 7% so far in 2023, according to a Data Point report from Cox Automotive. July was particularly hot for CPO, as the monthly tally of 231,128 sales eclipsed July 2022 figures by 12% and marked […] [Read More]

Auto manufacturers, dealers and more have stepped up with donations and other relief programs in the wake of the devastating wildfires on the Hawaiian island of Maui, which according to the latest estimates, have left more than 100 dead, 1,000 or more still missing and more than $1 billion in property damage. Korean automakers Kia […] [Read More]

In this episode of the Auto Remarketing Podcast, longtime auto industry analysts Alain Nana-Sinkam and Eric Lyman join the show to discuss their new venture called “Remarkit Automotive,” an automotive advisory firm. In addition to explaining the firm’s origins, Nana-Sinkam and Lyman also delve into the evolution of vehicle forecasting, projections for the electric vehicle […] [Read More]

OEMs continue to pump out new electric vehicle models, and supply of some of the legacy models is backing up as new-car inventory continues to expand slowly but surely. Although Canadian consumers are leaning toward smaller vehicles due in part to high prices and interest rates, as well as gas prices and environmental concerns, there could be a shift in the near future. With the rise of electric SUVs becoming more commonplace, this could help ... [Read More]

Vehicle sourcing platform Carbly has launched Market Tracker, a product designed to empower auto dealers with critical real-time insights into their regional used car retail market. Carbly CEO Scott Roth said the new tool “draws on Carbly’s massive dataset of retail vehicle data” to give dealers important observations and see trends they might otherwise miss. […] [Read More]

Rhode Island’s attorney general recently reached an agreement to resolve three enforcement actions with a trio of franchised dealerships in the Ocean State for charging automatic add-ons and fees not included in the advertised price and other advertising practices. In an agreement — called an assurance of voluntary compliance filed in Rhode Island Superior Court […] [Read More]

Open Lending announced this week that chief technology officer Sarah Lackey has been elected to the Forbes Technology Council, an invitation-only community for CIOs, CTOs and technology executives. As a member of the council, Open Lending highlighted Lackey will provide insights on the evolving role of technology in automotive financing for leaders in finance, fintech […] [Read More]

A big dealer group is getting bigger, with new facilities coming — appropriately enough — in Texas. Swickard Auto Group, owner of 42 franchises nationwide, has announced its plan to open Mercedes-Benz South Austin in late 2023, promising to “bring luxury automotive experiences to the South Austin area.” The new dealership, which will cover 80,000 […] [Read More]