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Cox Automotive’s auction brand will offer ‘next-generation’ vehicle imaging technology to dealer users through a strategic partnership with Fyusion.
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Despite escalating new-car prices and plateauing sales, NADA analysts report little change to American dealers’ per-copy average, penetration rates, and F&I income as a percentage of gross profit in 2018.
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U.S. sales of all-electric vehicles more than doubled in 2018, a year in which EV buyer and lessee loyalty increased to 55%.
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The Albany Times Union has named Auto/Mate to its Top Workplaces list for the eighth consecutive year, ranking the dealer software company third in the mid-size employer category.
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Vboost will produce viral marketing campaigns for Feldman Auto Group, Lindsay Auto Group, and several other dealerships and dealer groups in the Midwest and on the East Coast.
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Mark Luber has been named Cox Automotive’s first chief data officer, tasked with leading a 150-person team comprised of experts in data science, product management, analytics, and more.
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Lamborghini has launched a new certified pre-owned program in the U.S. and other markets, promising carefully maintained and thoroughly inspected and road-tested units to discerning used-car buyers.
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Dent Wizard has introduced Evolution, a rebranded F&I division dedicated to continued innovation in vehicle protection products and a high standard for customer service.
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Bernie Moreno has sold all but two of his auto dealerships to Canada’s Rafih group in an effort to devote himself more fully to his blockchain technology firm and its recently unveiled CHAMPtitles solution.
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Black Book and Fitch Ratings’ annual used-vehicle depreciation and auto ABS report predicts a 15% depreciation rate for U.S.-registered vehicles, up from 12.4% in 2018.
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