Driven by climbing pre-owned demand and short new-car supply, retail used-vehicle prices in the first half of August had climbed 4.1% month-over-month, according to an iSeeCars.com analysis. Similarly, J.D. Power’s used retail price index was at 107.2 the week ending Aug. 23, up from 106.8 the prior week and continuing a long pattern of growth. […] [Read More]

It’s even less likely in our current pandemic world that shoppers are walking the lot at your dealership. Dealer.com said it understands that the increase in online car-shopping activity demands an upgraded user experience. To answer the call, Dealer.com is introducing an all-new search results page experience with strategic new upgrades that improve inventory search, […] [Read More]

Dealership service drives can be a beehive of activity, and keeping track of the store’s loaner vehicles can compound potential problems. To help store managers, ARSLoaner and Dominion DMS announced a new partnership last week to provide VUE DMS customers with software to manage their rental and courtesy vehicle operations. Through this new partnership, Dominion […] [Read More]

Throughout the COVID-19 pandemic, Spiffy has continued to grow its mobile car care operations throughout the United States. And according to a news release distributed last week, the company expanded into six new markets; locations stretching from coast to coast. Spiffy’s Fleet Management as a Service (FMaaS) model providing a one-vendor solution that covers in-fleeting, […] [Read More]

Black Book vehicle values now are available through another tool dealers might use to stock inventory. Last week, Black Book announced the integration of its values into One Auction View, a subscription-based service that provides dealers access to online wholesale auctions in what’s designed to be a simplified, aggregated view. One Auction View explained its tool […] [Read More]

As digital retailing intensifies, CDK Global wants its dealer clients to have a robust team of representatives at the ready when leads arrive through their respective online channels. On Monday, CDK announced the launch of BDC Pro, a new addition to its Elead ecosystem. BDC Pro can provides a standardized 90-day lead nurturing program designed to manage […] [Read More]

Toyota Financial Services is looking to assist its customers with the latest turmoil to strike during this turbulent year. Last week, the captive announced it is offering payment relief options to its customers affected by Hurricanes Laura and Isaias, as well as those impacted by the wildfires in California and the derecho which struck the […] [Read More]

Credit Acceptance’s legal team is facing a host of challenges from state attorneys general nowadays. Earlier this month, the company acknowledged it received subpoenas from the AGs in Maryland and New Jersey. Then on Monday, Massachusetts attorney general Maura Healey filed a lawsuit against the finance company that specializes in the subprime market. When recognizing […] [Read More]

The second half of the year has begun with a flurry of news of moves in the dealership buy-sell space, including the closing of Asbury Automotive Group’s purchase of certain assets of Park Place Dealerships. That deal, which was announced back in December, nearly scrapped in March before being revitalized in July and closing in […] [Read More]

KAR Global shared its July wholesale price data on Thursday, reiterating how the coronavirus pandemic is making its metrics unusual compared to what dealers and consignors typically see during the summertime. According to KAR Global Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale prices in July averaged $13,375, representing […] [Read More]