Carvana stands one market shy of offering as-soon-as next-day vehicle delivery to customers in 300 different locations. On Wednesday, the online used-vehicle retailer officially rolled into market No. 299, as Carvana announced through a news release that it’s working with buyers in Wichita, Kan. About a month ago, Carvana expanded into seven markets in Washington, […] [Read More]

Philadelphia, Pittsburgh and Reading have more in common than just being three cities in Pennsylvania. A report generated by doxo, an innovative web and mobile bill pay service, showed the trio from the Keystone State is among locations where consumers are paying the least each month on their retail installment contracts. Collectively, finance-company and insurance-provider customers […] [Read More]

Tekion recently finalized an integration with Dealertrack F&I. Now the automotive retail cloud platform has an integration with RouteOne, too. The service providers recently announced the integration of their automotive retailing platforms to better serve dealers and improve the digital workflow for consumers. According to a news release, Tekion’s native platform is now integrated to […] [Read More]

The number of vehicles entering the auction market these days is down significantly, and in its Used Market Update released Thursday, J.D. Power explains why. There were approximately … [Read More]

Tom Kontos’ “parity” projections for the wholesale market are coming to fruition. The KAR Global chief economist explained his thinking in the latest Kontos Kommentary that showed how average wholesale prices surged past $15,000 in May after passing the $14,000 for the first time ever just a month earlier. [Read More]

For 54 consecutive weeks, there was neither a car nor a car dealer that passed through the lanes of McConkey Auction Group’s DAA Seattle or DAA Northwest locations in Washington state — which was the “initial epicenter” of the COVID-19 pandemic in the U.S. But after closing completely for two months and re-opening in the […] [Read More]

Dominion DMS president Sharon Kitzman joins the show to talk about the company's VUE DMS, findings from the 2021 DMS Dealer Sentiment Survey and much more. Earlier this month, the company released results of its 2021 DMS Dealer Sentiment Survey, a commissioned independent study involving 220 DMS decisionmakers from dealerships to determine attitudes toward their […] [Read More]

Three large dealer groups are having a busy finish to June, not just related to meeting monthly and quarterly sales and revenue objectives. Lithia & Driveway acquired another franchised dealership, a top Asbury Automotive Group resigned and Holman Automotive opened a luxury brand rooftop. Beginning with Lithia, the publicly traded group announced its third store […] [Read More]

In addition to new digital retailing capabilities, Mitsubishi Motors Sales of Canada has named a new president and chief executive officer. The company announced Thursday that Kenji Harada, who has been the MMSCAN’s chief operating officer since April 1, would become acting president and CEO immediately, and then officially assume the post on July 1. […] [Read More]

Is the Consumer Financial Protection Bureau “changing the rules of the game” when it comes to subprime auto finance securitizations? That’s one of the many questions explored during this podcast with Davis+Gilbert partner Joseph Cioffi, orchestrator of the Credit Chronometer and the recently released market study, summarizing the views of more than 100 originators, investors, […] [Read More]