Earlier this month, I noted how retail used vehicle sales in April might be a stage-setter for the remainder of the year. Like many dealers, I was hopeful that sales would take a positive turn — that a shower of sales in mid-to late April might bring flowers in May and beyond. Well, it’s starting […] [Read More]

Former Cox Automotive analyst Zo Rahim, who knows a thing or two about the used-car market, has launched a new platform and marketplace focused solely on certified pre-owned vehicles. CPyO (which Rahim explains is pronounced SEE-PEE-YO) is a desktop solution that is designed to help dealers increase visibility of their CPO units for sale, help […] [Read More]

TrueCar named a chief people officer on Thursday, appointing Jill Angel to the role. Angel, who had previously been executive vice president of people at Leaf Group, will report to TrueCar president and chief executive officer Mike Darrow. Angel joined Leaf Group in 2015. Her experience in “people operations” began after two decades in operations, […] [Read More]

While Cox Automotive recently reported that auto credit availability still remains at a record reading, RateGenius indicated another part of auto financing remains pretty healthy, too. The platform recently released its monthly Auto Refinance Rate Report revealing the current average interest rate on a reconfigured contract has risen 15 basis points to … [Read More]

Some of the latest philanthropic activities by dealerships include recent endeavors by Premier Subaru, Vaughan Automotive and Mike Calvert Toyota. Beginning in Branford, Conn., Premier Subaru president Robert Alvine presented a check for $45,850 to Shawn Heffernan, who is chief executive officer of Camp Rising Sun, which was designed to provide a safe, nurturing environment […] [Read More]

In this episode of the Auto Remarketing Podcast recorded at the Auto Intel Summit last week in Raleigh, N.C., we connect with Scott Case, who is chief executive officer of Recurrent, a company that analyzes electric vehicle battery health and one of this year's "Emerging 8" honorees. Case discusses the company's recent $4.5 million round […] [Read More]

Vroom is facing a lawsuit from Texas attorney general Ken Paxton, which is charging the online used-vehicle retailer with deceptive trade practices. According to a news release distributed on Wednesday, the lawsuit against Vroom, which also sells vehicles to Texas consumers under the name Texas Direct Auto, alleges that company has misrepresented and failed to […] [Read More]

National Lenders General Agency entered the reinsurance space last month with president Ken Terkel and executive vice president and chief operating officer Eric Hurst leading the company charge. This week, Terkel and Hurst expanded their executive team with the addition of three new sales regional vice presidents and a director of marketing. According to a […] [Read More]

Agora Data announced this week that it is continuing as a National Corporate Partner of the National Independent Automobile Dealers Association (NIADA). The company, whose suite of resources empowers independent dealers and finance companies to finance more non-prime customers, plans to offer NIADA’s 20,000 independent dealers the same advantages typically reserved for big franchised operations. […] [Read More]

There might not be a robust amount of used and new vehicles available to retail, but access to credit to fuel originations and deliveries appears to be quite plentiful. For the second month in a row, the Dealertrack Credit Availability Index rose to a reading that was the highest recorded in the data series going […] [Read More]