When you examine the trajectory of digital adoption of workflows throughout the automotive sector over the past four years, the growth rate is in the triple digits. That’s one of the highlights of the Q1 Auto Finance Digital Transformation Index based on analysis by Wolters Kluwer Compliance Solutions. Wolters Kluwer reported the four-year trend tracking […] [Read More]

Fitch Ratings predicted on Friday that the Federal Reserve likely won’t trim interest rates again until the fourth quarter, while U.S. credit trends are likely to deteriorate during the second half of the year. And on Tuesday, Fed Governor Adriana Kugler said the U.S. economy is still growing at a “solid pace,” but acknowledged that […] [Read More]

A customer buys a car from a franchise dealership. They take the car back to the dealership for service during the new-car warranty period. And that might last about four years, give or take And then?  Here comes an “enormous drop-off in retention” ... [Read More]

OPENLANE will have a new executive vice president and chief financial officer in place effective on May 27. Late on Tuesday, the company named Brad Herring as its incoming CFO to be responsible for leading all financial, reporting and investor-facing functions across OPENLANE, including the company’s capital investment strategy. According to a news release, Herring […] [Read More]

Salvato Auctions said it will officially launch this summer. But on Tuesday, the auction platform for insurance vehicles announced the appointment of Dan Oscarson as head of global buyer development. With more than 30 years of experience in the auto auction industry, Salvato highlighted Oscarson brings deep expertise and proven leadership to help the company […] [Read More]

Last week, J.D. Power completed its newest analysis of the recently imposed tariffs on imported vehicles and auto parts, which experts said are expected to significantly affect both consumers and the automotive industry in the United States. But J.D. Power stressed this point before delving into the data and breakdown: “Please note, however, that this […] [Read More]

Here’s another way dealers can show potential buyers that a used car is in good condition and merits the asking price and commitment to purchase. EpicVIN recently enhanced its vehicle history reports through the integration of more than 500,000 authenticated maintenance records. Through these EpicVIN reports, dealers can now access detailed maintenance information, including: —Oil […] [Read More]

How much of the conversation inside your dealership includes a question along the lines of, “Why don’t we have good leads anymore?” Big Time Advertising founder and CEO Terry MacCauley pointed out that sales teams often chalk up poor performance to bad leads, but he said it is rarely that simple. Before offering seven recommendations […] [Read More]

Jerry Seiner Auto Group has expanded to California and added its first Honda store. The dealer group has purchased Ocean Honda of San Juan Capistrano in Orange County, Calif., from Victory Automotive Group, according to a news release from Pinnacle Mergers & Acquisitions, which represented the seller. Victory Automotive CEO Jeffrey Cappo said in the […] [Read More]

AutoVerify and CARFAX Canada have teamed up for a partnership designed to help dealers provide more accurate vehicle valuations and create a better experience for car shoppers. The collaboration integrates CARFAX Canada’s vehicle valuation capability into AutoVerify’s traffic-conversion tools on dealer websites and the Kijiji marketplace, which the companies said creates realistic expectations for customers […] [Read More]