After falling 7% in 2020 but still remaining relatively strong, certified pre-owned sales are likely to bounce back in 2021 to what would be one of the strongest years on record, according to Cox Automotive. There were 2.6 million certified sales in 2020, down from 2.8 million in 2019, says a Cox Automotive analysis of […] [Read More]

Mike Rother is now managing partner of consulting services for AVStrategy, the consulting enterprise of Automotive Ventures. Rother is former senior vice president and general manager for Dealer.com. Automotive Ventures, an automotive technology investment and consulting company, said AVStrategy provides advisory and networking services to automotive entrepreneurs and investors. Rother served in various leadership roles […] [Read More]

Much on the default front remained unchanged to close 2020. Among the readings to finish the last year in that category was auto default. According to data through December released Tuesday by S&P Dow Jones Indices and Experian, the December auto default metric came in at 0.64%, which was unchanged from November. The reading, however, […] [Read More]

Selling all vehicles digitally is the “ultimate goal” for Manheim, says president Grace Huang, but the company and the industry at-large aren’t quite there yet. There are steps yet to be taken, and Huang discussed these and more in an online press conference with reporters and in a follow-up interview with Auto Remarketing last week. […] [Read More]

Karma Automotive said last week that Velocity Motorcars, serving the greater Nashville, Tenn., metropolitan area, is the latest addition to its dealer network. Karma said the opening supports the continuing expansion of its dealer network into new and emerging markets. Velocity Motorcars, also known as Karma Nashville, brings Karma’s North American retail presence to 27 locations.  […] [Read More]

Last year, 57% of car buyers conducted most of their vehicle purchases online, according to an August survey from Cars.com. Several of those buyers decided on contactless home delivery from their local dealership. That is one of the top five trends advancing the auto space in 2021 and beyond, according to Cars.com, which said the […] [Read More]

While we’re only a couple of weeks into the new year, some 2021 vehicles might already be in your used-vehicle inventory — or at least soon will be. Kelley Blue Book recently compiled a list of what analysts think are the 10 best automotive technologies of 2021 to help consumers make sense of what to […] [Read More]

Altamont Capital Partners said the investment firm is “impressed” with Kinetic Advantage, a newly formed floorplan financing company led by industry veterans Marty McFarland, Randy Dohse and Chris Brady. While specific terms of the transaction were not disclosed on Monday, Altamont announced that it committed “significant equity capital” to Kinetic that so far has a […] [Read More]

For consumers hoping they could stretch their finances to acquire a new vehicle, the newest Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI) offered a bit of uplifting news on Friday. Analysts discovered affordability improved in December, as represented by median weeks of income needed to purchase a new vehicle declined to 32.2 weeks from 33.8 […] [Read More]

President-Elect Joe Biden announced a number of key administration posts on Monday, including his choices to lead the Consumer Financial Protection Bureau and the Securities and Exchange Commission. Biden picked Rohit Chopra, currently a commissioner with the Federal Trade Commission, to oversee the CFPB, and Gary Gensler, who previously served as chairman of the U.S. […] [Read More]