Following their keynote presentation at Used Car Week 2022 in San Diego, a trio of experts reiterated how complex product refunds can be for finance companies following a vehicle repossession or total-loss insurance claim. Anne Holtzman and Peter Krall of Allied Solutions, along with Stephen McDaniel of F&I Sentinel, offered some recommendations in this episode […] [Read More]

Keyless entry is one of the convenience features of used electric vehicles that dealership salespeople can highlight to potential buyers. And it’s also one of the paths hackers use to get control of EVs, according to a report released on Tuesday by VicOne, an automotive cybersecurity solutions provider established by cloud security company Trend Micro. […] [Read More]

As electric vehicles sales rise, so will the number of used EVs on the market. Two panels at Used Car Week earlier this month addressed the importance of determining EV residual values and how subscription services will play a role in EV adoption. “The time is now for EVs,” said EY partner and eMobility automotive leader […] [Read More]

NADA Show 2023 kicks off in Dallas in less than two months, but one of the nation’s largest dealer groups is already making a move in the DFW area. Lithia & Driveway announced Tuesday that it has purchased Meador Chrysler, Dodge, Jeep, Ram in Fort Worth, which the retailer says is the second-largest CDJR dealership […] [Read More]

Thanksgiving dinners with family and friends likely provided the main ingredient for a wholesale market recipe that prompted Black Book to report the lowest amount of value decline analysts have seen since the third week of July. Black Book’s newest installment of Market Insights indicated that wholesale prices softened by just … [Read More]

Earlier this month, Byrider presented awards to its franchise dealer body during the company’s annual convention in Aventura, Fla., honoring more than a dozen professionals who operate buy-here, pay-here dealerships with its franchise system. Byrider highlighted its franchise of the year award recognizes the best overall performance by a franchise group based on internal store […] [Read More]

Auto defaults made the second-highest sequential jump so far this year in October, according to the S&P/Experian Consumer Credit Default Indices. S&P Dow Jones Indices and Experian reported that data through October showed the auto reading at 0.77%, which was 5 basis points higher than September. The only increase more than the latest one in […] [Read More]

RunBuggy, a tech platform that connects car shippers and transporters, said Tuesday it has brought on Drivably founder Tyler Hall as a strategic advisor. In this role, Hall will support RunBuggy’s recent product launches and its plans to expand into Canada. Hall founded Drivably, which helps dealers buy cars from consumers, in 2018. ACV purchased […] [Read More]

The jury is still out on how November fared in the overall used-car and certified pre-owned markets, but recent industry analyses paint a clear picture of how the fourth quarter has started. Beginning with CPO, there have been 2.04 million certified pre-owned vehicle sales through 10 months of the year, according to an analysis of Motor […] [Read More]

Mike Albert opened the week by naming a new president on Monday, welcoming Marty Kuhn, who the fleet, leasing and management services company said is a strategic leader with nearly 20 years of experience in both the direct-to-consumer and business-to-business spaces. The company also said through a news release that Marty Betagole will remain in […] [Read More]