As part of Used Car Week's Pre-Owned Con next week, Cherokee Media Group will recognize honorees in the annual Used Car Awards, a program presented by KAR Global.  That includes our annual Franchise Dealer of the Year, which this year goes to Rick Ricart, president of Ricart Automotive Group. Below is a Q&A with Ricart, which is […] [Read More]

Stating that it has made recent efforts to fight systemic racism and promote diversity through inclusion and equal opportunity for everyone, Cox Automotive has established its newest employee resource group called the Black Employee Network. That program is for any team member interested in better understanding and combatting anti-black and systemic racism. In addition, Cox […] [Read More]

Black Book explained how the latest movement in its Used Vehicle Retention Index continues to reflect how the wholesale market is behaving in light of pandemic-related impacts. Black Book reported on Wednesday that its November index reading came in at 130.6, representing a 0.7-point increase from the October mark of 129.9. “The market level index […] [Read More]

As the pandemic makes this year’s holiday season look and feel different in many ways — including how people will travel— a new program from Autotrader and Kelley Blue Book aims to make road trips a little warmer and help people drive in style. The companies have created limited-edition “ugly” sweater light up face masks […] [Read More]

Cox Automotive and Moody’s Analytics are trying to use their collective brainpower to create a new way of analyzing and tracking vehicle affordability. The companies recently launched what they’re calling the Vehicle Affordability Index, which is designed to quantify price movements in the new-vehicle market in relation to the spending power of the U.S. consumer. […] [Read More]

Along with making five additions to its executive team, this week, the Consumer Financial Protection Bureau issued its final advisory opinions policy. In making the move publicly, the CFPB said it was looking to address regulatory uncertainty in the bureau’s existing regulations and provide guidance to entities on outstanding regulatory uncertainty. Under the final policy, […] [Read More]

If 2020 has proven anything, it’s that drastic changes can arrive that no one anticipated. With that thought in mind, Swapalease.com wants to bring automakers and dealerships together with vehicle-lease holders who want out of their contract or to switch vehicles before the term has fully expired. On Wednesday, the site launched new program called […] [Read More]

Credit Union Leasing of America (CULA) recently recorded its best month ever, generating the highest single month of originations in its more than 30-year history. The company that processes indirect vehicle leasing for credit unions booked more than $150 million in lease originations in October. The volume represented a 31% increase over the same period […] [Read More]

Software company AutoMobile Technologies has released its newest vehicle reconditioning software product, noting that dealerships, auctions, recon companies, rental car companies, and any organization bringing multiple vehicles through reconditioning can use the product to manage and control every aspect of their operation. The product is called Repair360, and the company describes it as a single […] [Read More]

Shift has added a third market in Texas where consumers can sell their cars to the used-car ecommerce company. Joining Austin and San Antonio as consumer car-selling service markets is Fort Worth. "Fort Worth is a major thoroughfare in the state, and a huge opportunity for Shift to continue to expand in the Texas geography," […] [Read More]