Motormindz, Inc. said Tuesday it has named former CDK Global and AutoNation executive Ron Frey as a strategic advisor to its board. Frey is the founder of RL Frey Inc. “Ron’s ability to develop, operationalize, and drive key strategic priorities will be vital as we continue to navigate rapid growth on a global scale,” motormindz […] [Read More]

The delicious chicken wings and cold beer you might have enjoyed for Super Bowl Sunday likely are long gone, but Black Book’s experts are seeing the potential for something tasty cooking at the auction, with values declining at a pace much higher than seen before the pandemic. After considering the data Black Book shared in […] [Read More]

Market conditions in the early days of 2022 aren’t exactly ideal for certified pre-owned vehicle sales. Off-lease vehicles, a primary source of CPO inventory, are slim pickings, and the combination of high acquisition and certification costs vehicles makes it a pricier option for many dealers. That’s according to Friday's Data Point report from Cox Automotive, which said […] [Read More]

Make it seven months in a row that analysts have spotted an uptick in auto defaults. And it’s also the longest upward streak in a decade. The auto portion of the S&P/Experian Consumer Credit Default Indices moved higher again in January, according to data released on Tuesday by S&P Dow Jones Indices and Experian. [Read More]

You’ve just spent three hours with a customer and when it’s time to run their credit, you learn the bank won't even loan them a pen. So, you decide to discuss credit up-front with your next customer and they’re visibly annoyed. Sure enough, that next customer is prime, and now has a frustrated look on […] [Read More]

Tight supplies and more competition for a shrinking pool of cars. That’s the story in the wholesale vehicle market these days Auto auctions had approximately 227,000 sales of vehicles up to 8 years in age last month, which was down nearly … [Read More]

Cyrus could be the newest teammate at your dealership who is willing to work literally at any time of day or night. DealerOn and Pypestream announced a strategic partnership on Monday with the result being the firms bringing to market what they called an “immediate breakthrough.” DealerOn and Pypestream are delivering what they believe to […] [Read More]

In the spirIt of Valentine's Day, CARFAX is starting the week by “showing its love” for its dealer partners and recognizing its third annual CARFAX Top-Rated Dealers, a program that spotlights stores with best customer reviews. The average ratings score for these stores is 4.6 out of 5. “CARFAX has nearly 3.3 million verified customer […] [Read More]

Monday’s dealer roundup includes the growth of a 3-year-old California group along with the latest charity efforts of an Atlanta-area group in business since the early 1970s. Beginning first in the Golden State, Hello Auto Group announced it has opened a new Mazda dealership in San Diego’s Kearny Mesa community. The dealership and service center […] [Read More]

WalletHub recently released its latest Auto Financing Report, compiling lists of what analysts classified as the Top 20 cities where consumers overspend on vehicles and where they spend the least. Perhaps managers and underwriters could review the lists and say these cities are where finance companies have the most and list risk in their portfolios […] [Read More]