New analysis and research from Cox Automotive and GfK AutoMobility showed how potentially out of reach taking delivery of a new vehicle might be for consumers with subprime credit and/or lower income. New-vehicle affordability improved again in February following modest improvement in January, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. But new research […] [Read More]

Wholesale vehicle prices have started March on the strong side — at least sequentially. Though softer than year-ago levels, values in the first half of the month were up 1.8% from February when adjusted for mix, mileage and seasonality, according to Cox Automotive’s mid-month reading of its Manheim Used Vehicle Value Index. The index, which […] [Read More]

Space Auto recently rolled out what it called the “ultimate” social media how-to guide for BMW dealers. The provider of an integrated software and marketing solution for dealerships highlighted that its BMW Dealership Social Media Playbook offers expert tips on how dealerships can grow their digital presence, including proven steps for using TikTok and Instagram […] [Read More]

Dealers already might have been going to a nearby 7-Eleven to put some gas in a vehicle before a test drive or to fill the tank just before final delivery. Well now, dealers soon can go to 7-Eleven to make sure their electric vehicles are set to go, too. On Thursday, the company announced 7Charge, […] [Read More]

Carmigo, which is an online car marketplace that connects dealerships with private car sellers, has hired former ACV and A2Z Sync executive Susan O’Rourke as its head of sales and development. In this role, O’Rourke will work to expand the company’s network of dealers and wholesale partners, who will be able to sell their vehicles […] [Read More]

To wrap up our series of podcasts from NADA Show 2023 in Dallas, STELLA Automotive’s AI Ben Okuka joins the show. Okuka talks with Cherokee Media Group senior editor Joe Overby about artificial intelligence and how it can help dealers become more efficient. The podcast can be found in the window below. [Read More]

A week after highlighting the 2022 successes of one of its divisions, Westlake Technology Holdings announced strong 2022 results from all companies on Thursday. Executives highlighted each company generated steady year-over-year growth, improved operational efficiency and implemented of new programs driven by the “consistent hard work and dedication of its employees.” Westlake Technology Holdings group […] [Read More]

Automotive Reinsurance Concepts (ARC) is again giving independent dealers and their finance managers the opportunity to learn F&I from the “best in the business.” The reinsurance and warranty company’s latest F&I Basics Bootcamp will be held May 3-4 at the Hyatt Regency Indianapolis, where ARC founder and CEO Justin Osburn and ARC national training director […] [Read More]

During the company’s recent earnings call to announce fourth-quarter and full-year 2022 results, Jason McClenahan, CEO of EBlock parent E Inc., explored the current wholesale environment, offering insight on conversion rates, pricing, demand and more. McClenahan said that revenue for EBlock was up due in part to the auction transactions completed in the past 12 months, as well as ... [Read More]

An active stretch at the Consumer Financial Protection Bureau continued Wednesday when the CFPB said it has launched an inquiry into companies that track and collect information on people’s personal lives. In issuing this new Request for Information, the CFPB said it wants to understand the full scope and breadth of data brokers and their […] [Read More]