Chase Auto announced the 2022 winners of the Chase Cup for Auction Excellence on Thursday, spotlighting its auction partners with top performances in handling handled preparation, sales, invoice processing, transport requests, title processing and other tasks. The award for Best National Auction Performance went to Columbus Fair Auto Auction, while Manheim Fredericksburg earned honors in […] [Read More]

Sales might be softening for a myriad of reasons, but dealerships appear to be making it an easier path to successful delivery. October survey results of the Vehicle Ease of Purchase Scorecard from CDK Global showed that 84% of those polled found the vehicle-buying journey to be easier. The reading represented … [Read More]

Urban Science rolled out a new tool this week that is designed to answer one of the most intriguing questions during your regular sales meetings. The company launched SalesAlert, what Urban Science called an “industry first” solution that can notify dealers when a sales lead has purchased a vehicle from another dealership. Urban Science explained […] [Read More]

Perhaps law enforcement is making some headway since recent analysis from the National Insurance Crime Bureau (NICB) showed catalytic converter thefts in many U.S. cities are approaching levels not seen in 14 years. The Justice Department said this week that federal, state, and local law enforcement partners from across the United States executed a nationwide, […] [Read More]

The Justice Department described another notable fraud incident this week that could have permeated through the wholesale, retail and finance spaces. A federal grand jury in Chicago returned an indictment, which was unsealed on Wednesday, charging three Illinois men with operating an odometer and title fraud scheme that involved hundreds of used vehicles over the […] [Read More]

Black Book is expecting wholesale movement for the remainder of the year to resemble what analysts observed in October, which produced a 1.2% decrease in the firm’s Used Vehicle Retention Index. Now on a downward streak of four months in a row, the index dipped another 2.2 points from September’s reading to 174.3, which left it […] [Read More]

The TrueCar+ online car-buying platform, which launched in Florida, is expanding to additional states in the Southeast: Alabama, Georgia, North Carolina, South Carolina and Tennessee, TrueCar said Thursday. The online platform has also gained new capabilities such as F&I and accessories menus, communications tools, nationwide delivery and other perks. “This expansion demonstrates our commitment to […] [Read More]

Edmunds executive director of insights Jessica Caldwell and Cox Automotive chief economist Jonathan Smoke made comments before and after the Federal Reserve pushed interest rates higher again on Wednesday. The latest 75-point rise pushed the year-to-date increase in the target rate to 375 basis points, which Smoke pointed out as the most in any single […] [Read More]

Brent Lane, who is the CEO and founder of HeyAuto,  a new Canadian online transaction platform for vehicle buyers, is looking to “build solutions for car owners” — and dealers, for that matter. The car purchase — which can be the second- or first- largest financial investment people make — is often stressful, yes. But many online retailers […] [Read More]

It’s early November, but a few folks in the used-car business are already in the holiday spirit, launching toy drives and other endeavors to help those in need. On Wednesday, Larry H. Miller Dealerships announced it will be holding its eighth annual Holiday Toy Drive from Nov. 11 through Dec. 3. The program supports the […] [Read More]