Upon reporting that wholesale values dropped another 0.93%, Black Book gave a succinct summary of the current auction scene through its latest installment of Market Insights released on Tuesday. Analysts said, “The market continued to … [Read More]

British Columbia-based Kot Auto Group has added its first Chrysler-Jeep-Dodge-Ram store, purchasing Woodgrove Chrysler. The store is Kot’s second on Vancouver Island, having purchased Victoria Hyundai in June 2019. “We are excited to expand with a dedicated domestic brand to our portfolio and allow for more opportunity for our team and our customers,” group president […] [Read More]

Incentives might not be as robust now at dealerships to deliver used and new vehicles. But in at least one place, financial incentives are growing in the vehicle subscription market. On Tuesday, Getaround, a digital peer-to-peer carsharing marketplace, announced a new national partnership with GO, a vehicle subscription provider. Through this agreement, hosts who list […] [Read More]

A week after partnering with Manheim, Work Truck Solutions announced a partnership with a part of the Blue Oval. The operations, marketing and lead-gen platform for commercial vehicle sales said on Tuesday that it now has a strategic partnership with FordDirect to assist Ford and Lincoln dealers in capitalizing on the value and profits associated […] [Read More]

The leadership transformation of Primeritus Financial Services continued with an announcement the provider of recovery management, skip-tracing and remarketing shared on Monday. Already with a new chief executive officer and chief financial officer in place, Primeritus said it has promoted Justin Conners from senior vice president of operations to be chief operating officer. According to […] [Read More]

Black Book’s measure of used-car prices was still up 11% last month and remains 61% higher than pre-pandemic levels. But here’s some news that may be less scary for dealers: August’s reading of the company’s Used Vehicle Retention Index was at its lowest level since October, coming in at … [Read More]

Based on their current pace, full-year certified pre-owned vehicle sales are likely to see a double-digit-percentage decline from 2021 and reach their lowest annual tally in eight years. However, there were was some momentum in August, at least from a sequential standpoint. That’s according to a Data Point report from Cox Automotive, which said there were […] [Read More]

Cox Automotive announced last week that Peter Grupposo was named senior vice president of sales for the commercial sales, dealer sales and market insights teams at Manheim and NextGear Capital. Holly Capps, who held the position previously, is retiring from that role at the end of the year, following a 25-year tenure with Cox Enterprises. […] [Read More]

Through a new project by the firm, the 2022 Pied Piper PSI Internet Lead Effectiveness (ILE) Study measured responsiveness to internet leads coming though dealership websites. Topping the ranking among 15 national dealer groups evaluated was the Napleton Auto Group, followed by … [Read More]

This month has included a significant milestone for iLending and its auto refinancing endeavors. After hitting the $1 billion mark in September 2018 and $2 billion last July, iLending recently discovered that it now has surpassed $3 billion in refinanced contracts, saving users an average of $145 on their monthly payments. “The ground we have […] [Read More]