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]

Through an integration between cloud-native dealer management system Dominion VUE DMS and Kia Motors dealers’ web daily communication system via Motive Retail, Kia dealerships can synergize across different departments with a cloud-native DMS that offers security and mobility. Dominion Dealer Solutions says its Dominion VUE DMS helps dealers experience digital mobility, security and efficiency to […] [Read More]

Look for used-car sales to go slightly north of 40 million units in 2021 after a slower year in 2020. More specifically, TrueCar is forecasting 40.05 million total used-car sales for this year. On the new-car side, the company is projecting 16.0 million total sales this year, with 13.9 million of those being retail sales. […] [Read More]

New leadership is set to guide FordDirect beginning on Feb. 1. In a move cheered by an Ohio dealer and chairman of the FordDirect board of managers, the joint venture between Ford and its franchise dealers announced on Friday that it has been appointed Matt VanDyke as chief executive officer. And also effective at the […] [Read More]