Black Book reported wholesale values declined for the seventh week in a row. Meanwhile, analysts said in their latest COVID-19 Market Update that after falling two weeks ago, retail prices for used vehicles have stabilized. According to Black Book’s volume-weighted data, overall car segment values decreased 0.74% over the past week. The drop was larger […] [Read More]

Perhaps you’re well past the age to go trick-or-treating. But Swapalease.com announced five “spooktacular” lease deals for the Halloween holiday that might help your dealership move some metal, which certainly could be a sweet way to close the month. The “spooktacular” lease deals aren’t just for base-model units, either, as site experts found diverse vehicle […] [Read More]

KAR Global says it has enhanced its ADESA.com recommendations carousel to include dealer trade-ins from TradeRev. The updated recommendations carousel is the latest of modernizations to ADESA’s digital marketplace. The company said the modernizations can help dealers find profitable and high-demand used vehicles tailored to their unique business needs. KAR said that with the new […] [Read More]

The National Independent Automobile Dealers Association has a new chief executive officer. Hired for the role and replacing longtime CEO Steve Jordan, who left in August and is now an executive at KAR Global, is Robert Voltmann, who comes over to NIADA from the third-party logistics industry. Voltmann was most recently the president and CEO […] [Read More]

It’s been an award-winning autumn so far for Constant. A week after it received a 2020 AI TechAward, the fintech and automated loss mitigation provider announced on Wednesday that it has been named to the 2020 Benzinga Global Fintech Listmakers. Constant highlighted that the official Benzinga Fintech Listmakers comprises 250 carefully vetted and renowned companies […] [Read More]

Because of its robust new-model leasing activities, Honda and Acura usually have a deep well of vehicles that can become certified. And with a new pilot program orchestrated by Fair, those CPO units now can be leased again. On Wednesday, the used-vehicle leasing platform announced a six-month pilot program with American Honda Motor Co., marking […] [Read More]

Fueled by its Series C financing round of $150 million, Tekion recently announced its valuation now stands at more than $1 billion. And with an array of automakers and major dealership groups in the mix, the cloud technology company and provider of a Sofware as a Service retail operating platform have its eyes on making […] [Read More]

BMW Group Financial Services made a move this week to shore up its technological capabilities to serve its automobile and motorcycle retailers. Hybrid cloud data warehouse company Yellowbrick Data announced it has been selected by BMW Group Financial Services to improve the group’s analytics performance and capabilities. BMW Group Financial Services provides financing and leasing […] [Read More]

With consumer fraud incidents on the rise — especially through a scam that started on social media — the Federal Trade Commission recently launched a new reporting system. Highlighting automotive as one of the primary segments in its opening campaign, the FTC has launched a new website, ReportFraud.ftc.gov, where consumers can report fraud and all […] [Read More]

A recent study of auto dealerships has found that technology-driven marketing performs up to 4.5 times better than manual marketing. One dealership in the data pool boosted its leads per month from 110 manually to more than 400 leads with automated technology, according to the study from marketing automation platform AutoLeadStar. The study also found […] [Read More]