August 13, 2018 - Industry News
Depreciation through the first half of 2018 stood at 13.7%, much lower than the 16.3% rate recorded in the year-ago period. Analysts say upstream remarketing has kept values strong despite the tidal wave of off-lease vehicles that returned to market during the period.
Tags: Black Book, Kar Auction Services, Tom Kontos, used-vehicle values
June’s ‘abnormal bounce” in used-vehicle values continued in July, resulting in the Manheim Used Vehicle Value Index rising to 136.9.
August 9, 2018 - Industry News
Dealertrack has released Accelerated Title, a new solution designed to capitalize on a widely recognized auto retail trend.
August 2, 2018 - Industry News
According to the research firm’s analysis, more than 35% of U.S. households with a sedan in the garage that returned to market for a new vehicle between April 2017 and March 2018 acquired an SUV. That's up from just 24% five years ago.
Tags: advertising, defection rates, IHS Markit, Loyalty Rates, marketing, sedan, SUV
July 31, 2018 - Industry News
WalletHub’s latest dangerous driving report ranks Virginia as the strictest enforcer of speed limits and Delaware as toughest on reckless drivers.
The introduction of the compact Mercedes-Benz A-Class to the North American market in 2019-MY will represent a new entry point below the CLA-Class.
July 27, 2018 - Industry News
U.S. car buyers can configure and reserve their version of Audi’s first all-electric vehicle for the first time on Sept. 17, the same day the still-veiled 2019 e-tron SUV will make its global debut at a San Francisco event.
July 25, 2018 - Industry News
Sergio Marchionne, former CEO of Fiat Chrysler Automobiles and Ferrari N.V., has died following complications from surgery.
Dealers and sales and F&I professionals are invited to register for Industry Summit 2018, a unique training, compliance certification, and networking opportunity set for October in Orlando, Fla.
Manheim Express promises dealers a fast and easy way to list and sell inventory in the Manheim Marketplace.
July 24, 2018 - Industry News
A state-by-state survey of Swapalease users yielded a list of five trucks and SUVs consumers say are suited to camping in style.
Companies and individuals at the forefront of sales and F&I technology are invited to participate in Technology Shootout, a new feature planned for October’s Industry Summit.
July 23, 2018 - Industry News
Industry Summit’s annual ‘From the Boardroom’ session will feature executives from F&I product providers and software firms, who will tackle the big questions facing F&I offices as the industry continues to push for a more digitized car-buying experience.
Tags: compliance, digital retailing, F&I process, F&I products, Industry Summit, online F&I, Showroom
July 19, 2018 - Industry News
June wholesale prices for used vehicles up to eight years in age fell by an average of 0.9% compared to May. Losses at the segment level were less than historic norms across the board on both the mainstream and premium sides of the market, the firm said.
Tags: Auto Auctions, J.D. Power Valuation Services, Wholesale Pricing
July 18, 2018 - Industry News
The company reported that 45% of vehicles sold in the first half were to digital buyers on Manheim.com. The firm also detailed enhancements it’s planning to make to the Manheim Marketplace over the next few months.
Tags: Auto Auctions, digital, Manheim, Manheim Marketplace, RMS Automotive
July 16, 2018 - Industry News
With today’s announcement, Black Book valuation data will be integrated with all EVs listed in the MYEV.com system, which will help buyers and sellers ensure they’re reviewing the most accurate and up-to-date valuations within the market.
Tags: digital marketing, digital retailing, lead generation, MYEV.com, Third-party leads
William Montez Perkins II is the recipient of the 2018 Rising Star Award, presented by Cox Automotive and the National Association of Minority Automotive Dealers.
The deal was first reported on Sunday by The Banks Report, which described the pending acquisition as checking off 'several boxes for CDK while filling a big product hole — a viable integrated CRM platform with significant market share.'
Tags: CDK Global, CRM, digital marketing, digital retailing, DMS, ELEAD1ONE, online F&I
July 12, 2018 - Industry News
The compliance sweep, which took place in seven states, is the first since the agency's new Used Car Rule took effect earlier this year. Dealers who failed to comply could face penalties of up to $41,484 per violation.
Tags: compliance, Federal Trade Commission, Used Car Guide, used cars
McGeorge Toyota is the latest dealership operation to add Roadster’s Express Storefront digital retailing platform. The dealership refers to its new website feature as ‘McGeorge @Home.’
Tags: digital retailing, Express Storefront, McGeorge Toyota, online F&I, Roadster
July 10, 2018 - Industry News
A $6.5 million renovation and expansion added 39,000 square feet to Hartford, Conn.’s New Country BMW retail footprint.
July 9, 2018 - Industry News
The company’s web-based merchandising platform is now available in Philadelphia, Louisville, Ky., Long Island, N.Y., and northern New Jersey. It allows dealers to instantly create and customize an infinite array of point-of-sale visuals.
Tags: branding, LotMonkey, marketing, point of sale, Showroom
July 5, 2018 - Industry News
June’s annual percentage rate of 5.82% marked a 17% increase since January 2018. Add rising rates to a virtually saturated U.S. market, record-high vehicle prices, and historically high numbers of people who owe more than their cars are worth, and the stage is set for a market contraction, the firm said.
Tags: Edmunds, Federal Reserve, interest rates, negative equity, new-vehicle sales, SAAR, used-vehicle sales
July 3, 2018 - Industry News
Wholesale values continued to see little change last week, although demand for sporty cars appears to be dwindling as the average value of that segment has begun to drop.
Tags: Black Book, used-vehicle values, vehicle depreciation, wholesale values
July 2, 2018 - Industry News
The integration allows the digital engagement company to deploy its artificial intelligence-powered real-time messaging solution, Response Path, on Facebook Messenger.
Tags: Digital Air Strike, digital engagement, digital marketing, social media marketing
© 2018 Auto Dealer Today. All Rights Reserved.