It was a challenging month in the retail used-car market, and the sales slowdown might not be over. Using data from its Dealertrack unit, Cox Automotive estimates that used-car sales at dealerships in September were down 8% month-over-month and fell 10% year-over-year. They were also … [Read More]

Jim Ellis Automotive found a way to help local law enforcement charge up its fleet. In collaboration with the DeKalb County Sheriff’s Office in Atlanta, Jim Ellis Chevrolet helped launch the county’s first electric vehicle take-home program for up to 100 jailers. Historically, the dealer group said jailers have not received a take-home vehicle. Jim […] [Read More]

It was nearly two-and-a-half years ago and the used-car market was amid the early hard punches of the COVID-19 pandemic. That’s the last time that the Manheim Used Vehicle Value Index showed a year-over-year decrease, according to data from Cox Automotive. While used-car values are still well above where they were in 2020, September marked […] [Read More]

This week, Protective Asset Protection, a leading provider of F&I programs, services and dealer owned warranty company programs, released of its third F&I Industry Report. The project offered an in-depth look at four crucial topics, including: —Trends and insights shaping F&I products —How auto dealerships are using F&I products —Outlook of F&I products used by […] [Read More]

In this episode of the Auto Remarketing Podcast, Selly Automotive founder and CEO Zach Klempf returns to the show to talk about the origins of his company — which he founded at age 23 — why he decided to focus on the independent auto dealer software space and his company's recent merger with AutoManager DMS. […] [Read More]

Complications involving leased vehicles landed GM Financial into actions taken by the Department of Justice. On Wednesday, the Justice Department announced that GM Financial has agreed to pay more than $3.5 million to resolve allegations that the captive violated the Servicemembers Civil Relief Act (SCRA) by illegally repossessing 71 servicemembers’ vehicles and by improperly denying […] [Read More]

J.D. Power has launched its J.D. Power Dealer of Excellence Program in Canada, and sweeping the inaugural list of honorees is the Dilawri Group, whose Markham Honda, Dixie Mazda, Acura North Toronto, Volkswagen de Sources and Audi Queensway stores were recognized. The program has been in the U.S. since 2016. It is designed to spotlight […] [Read More]

Online car shopping and delivery platform Canada Drives said Thursday it has closed another $10 million (CAD) in equity funding from existing strategic investors. This follows a $40 million funding round in June from goeasy Ltd. Canada Drives, which has expanded from British Columbia to Ontario, Alberta and Saskatchewan since launching its platform in 2020, […] [Read More]

As many dealers are aware, the Federal Trade Commission (FTC) recently issued new requirements to its Safeguards Rule that take effect Dec. 9. The rule requires auto dealerships with more than 5,000 customer records in their database to develop, implement and maintain an information security program to protect customer information. To help with compliance, many […] [Read More]

As the economy loses steam, bankruptcy filings are gaining momentum. According to data released this week from Epiq’s Bankruptcy Analytics platform, year-over-year U.S. bankruptcy filings increased 7% across all chapters for the second consecutive month in September. Epiq reported that there were … [Read More]