Have a hot-shot Green Pea at your store who is itching for a spiff or other recognition you offer? Here is a suggestion based on the latest wholesale observations contained in the latest installment of Black Book Market Insights. Ask the new dealership teammate to find vehicles that do not need much, if any, reconditioning […] [Read More]

AutoCanada made quite a rebound in the first quarter, posting its strongest-ever Q1 revenue, among other highlights — including a robust used-car performance. Looking at consolidated results, AutoCanada retailed a combined 9,734 used vehicles in the first quarter, up 51.9% year-over-year. Used-vehicle revenue climbed from $229.36 million a year ago to $364.07 million in Q1. […] [Read More]

Carzato understands how valuable certified pre-owned vehicles are in your dealership inventory. To help stores get the most for those units at retail, the automotive online services provider recently rolled out its certified pre-owned vehicle feature, allowing dealerships to sell certified units online utilizing its cross-tier and brand-customizable online vehicle-buying tool that routes high-intent shoppers […] [Read More]

Last week, NXCR formed a strategic alliance J.D. Power. On Tuesday, the fintech and insurtech vehicle subscription platform named a new chief technology officer to leverage that relationship, as well as to be responsible for all platform technology and innovation, while overseeing the engineering and data teams. Taking on this challenge is Martin Prescher, who […] [Read More]

Bankruptcy filings are continuing to trend higher as segments of the financial world continue to move toward what experts might think of as normal. Epiq recently released its April bankruptcy filing statistics from its AACER bankruptcy information services business and discovered total new filings exceeded 40,000 for the second straight month. Across all chapters, Epiq said […] [Read More]

Carvana started May picking up right where it left off in April. The online auto retailer, which also shared quarterly results last week, made nine market expansion announcements over the course of Wednesday and Thursday. The moves included its first forays into Oregon, Washington and Mississippi, and further growth in Louisiana. That followed late April […] [Read More]

David Adcock, executive vice president of Binary Automotive Solutions, joins the Auto Remarketing Podcast to talk about the chip shortage's impact on automotive beyond new cars and manufacturing. He also discusses, on a higher level, the impact of more technologically advanced vehicles. To hear the conversation, click on the link available below, or visit the Auto Remarketing Podcast […] [Read More]

With vehicle miles travel at levels not seen since the summer before the pandemic, communication within your service drive is critical, and Dealer-FX is trying to make sure managers have the tools they need to do just that. Tony Boulos, a service consultant at McGrath Lexus of Chicago, described his experiencing using an integrated messaging […] [Read More]

Manheim shared a trio of management moves Monday, announcing first that its regional vice president for the Florida region, Mark Ford, is set to retire at the end of 2021. The company also announced two promotions in its Manheim Mid-Atlantic Market Center. Chad Spearman is now auction manager at Manheim Baltimore-Washington and Danielle Sweet is […] [Read More]

Within days of boosting its retail portfolio by acquiring a pair of Nissan stores in California, HGreg.com turned its focus solely back on used vehicles Monday when it opened its newest storefront in the Tampa, Fla., market. Situated on a 10-acre property in Hillsborough County, the site in Brandon features a 42,000-square-foot storefront and fulfillment center […] [Read More]