Need car, will travel. That’s been the mindset for many recent and prospective car buyers, who have gone or are willing to go the extra mile (or dozens of miles) to find that vehicle, amid shortages in both new and used cars. According to survey data from Cars.com, 9.8% of recent car buyers went to […] [Read More]

Transporting a vehicle can have a lot of moving parts and, well, logistics involved. And new partnership aims to help improve the chain of custody, communications and transparency in that process of moving vehicles. ConditionReports.com has created a new app called “TransportCR” that’s connected to AutoIMS. The tool aims to better capture the transportation inspection […] [Read More]

Just like many of the companies it serves, PassTime is diversifying its portfolio. On Thursday, the provider of asset tracking solutions announced it has formed a partnership with Sky Monitor GPS Americas and managing director Mike Southerland. As a market partner, Sky Monitor GPS will bring PassTime asset tracking solutions to a variety of new […] [Read More]

Canadian Black Book has named a new director of business development. Hired for the role was James Hancock, whose background includes 14 years working with a luxury automaker in Canada and the U.S. Hancock has spent the last eight years working in the areas of residual value risk, lease portfolio management and remarketing off-lease vehicles. […] [Read More]

A jump in bankruptcies lasted just two months before returning to levels seen during most of last year. Epiq recently released its May bankruptcy filing statistics from its AACER bankruptcy information services business, reporting that new filings for May dropped to 34,734 across all chapters. [Read More]

Protective Asset Protection’s latest industry survey focused on how the pandemic impacted the sales of F&I products both online and at the dealership. Protective Asset Protection commissioned the online survey during March and took the pulse of nearly 500 F&I and dealership executives across the U.S. According to the feedback, approximately a quarter of respondents […] [Read More]

IAA announced another enhanced strategic agreement with Dealertrack to provide electronic registration and titling services About a year ago, these companies said these services became available in North Carolina. This week, the availability arrived in Ohio to facilitate the digital transfer of total loss titles. IAA and Dealertrack highlighted that this new agreement came together […] [Read More]

In addition to announcing a new advocacy campaign in lieu of its annual Washington Fly-In, the American International Automobile Dealers Association said Tuesday it has added Citrin — a provider of porter, car wash and mobility services to dealers — as an Affinity Partner. With the company as an AIADA Affinity Partners, members can receive, […] [Read More]

For decades, auto dealers have been constantly reinventing their advertising strategies to one-up their local competitors and entice car shoppers into their showroom. These ads have traditionally had a distinct, up-beat tone broadcast over radio and television channels, along with full-page ads in the Saturday newspaper promoting exciting deals on new and used cars and […] [Read More]

In recent years, an impending wave of off-lease supply was among the top stories in automotive. Not so much this year. According to the latest quarterly report from RVI Analytics, there was a 1.8% year-over-year drop in off-lease volume during April, and further softening is expected. “Given the low supply of new vehicles as a […] [Read More]