A new player has emerged in the competitive landscape of automotive research and classifieds sites. CarEdge.com has completed Phase I of its vehicle research and listings website, saying that the new version of the site features vehicle cost analysis on more than 250 vehicle models from more than 30 vehicle manufacturers. The analysis includes resale values, […] [Read More]

The used-vehicle market appears off to a good start in 2021, with January sales expected to beat both year-ago and December figures. TrueCar estimates in a forecast released Tuesday that there will be 3.2 million used-car sales this month. That would beat January 2020 by 1% and December by 10%. In a related analysis, Cox […] [Read More]

SiriusXM Canada has extended its partnership with Ford Motor Co. of Canada through 2025. As part of the extension, announced Monday, Ford vehicles that have the SYNC 4 communications and entertainment system will include SiriusXM’s next-generation 360L platform. The SYNC 4 system made its debut in the 2021 Ford F-150 and is scheduled to be […] [Read More]

At the onset of the pandemic, many industry pundits made comparisons to the Great Recession; though we quickly learned that the similarities were few and far between. The underlying causes and economic impact of COVID-19 are vastly different from those more than a decade earlier, yet some experts still find some of the trends in […] [Read More]

Fresh off expanding its dealer group footprint to 26 total locations, CARite now has partnered with DriveItAway in an effort to help consumers secure vital transportation while building equity and taking a “never-ending test drive.” On Tuesday, CARite announced the launch of its new “Pay as You Go” subscription offering. The company explained that “Pay […] [Read More]

After closing a “challenging year” with “strong fourth-quarter results,” Texas Capital Bank announced a pair of executive leadership appointments, effective immediately, creating roles for experienced professionals who each spent many years in posts at JPMorgan Chase & Co. Now serving new president and chief executive officer Rob Holmes, who officially took on those roles this […] [Read More]

Through a new program, Manheim is expanding and enhancing protection of digital purchases. The program is called Digital Buyer Protection, and Manheim says it will help dealers buy more confidently online. The program applies across all of Manheim’s digital platforms and expands coverage for vehicles with condition reports for damaged items not previously covered. Examples […] [Read More]

Lexus has chosen connected car platform Dealerware to join a group of software vendors to power its newly reimagined Lexus Customer Convenience System. Lexus’ approval of the Dealerware platform follows a nine-month pilot program in which multiple Lexus dealerships increased fleet utilization rates by as much as 18%. In the pilot program, those dealerships also […] [Read More]

According to a new study, consumers no longer compare car buying to a stubborn root canal. In fact, as auto dealers move more steps of the retail process online, consumer satisfaction is at an all-time high. “According to our data, car buyers have never been happier,” Cox Automotive vice president of research and market intelligence […] [Read More]

ADESA has launched a new inspection technology solution and software platform designed to provide “high quality, industry-leading inspections — making significant leaps in transparency, relevance and accuracy.” The upgrades come as the wholesale auto industry, and ADESA parent KAR Global, is shifting further digitally, thus underscoring the need for reliable condition reports in an online […] [Read More]