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Prime Buyers Flock to Used Vehicles in Q2 Report

Prime Buyers Flock to Used Vehicles in Q2 Report

Experian’s Q2 auto finance report consumers continue to uncover ways to manage monthly payments. For a record percentage of prime borrowers, that meant passing on a $32,000-plus new-vehicle loan in favor of a pre-owned unit.

September 5, 2019

UnityWorks Releases Dynamic Inventory Video Ads
AAGI Acquired by Amynta Group

AAGI Acquired by Amynta Group

American Auto Guardian Inc. has been acquired by Amynta Group, creating a combined footprint that includes 15,000 dealers and 1,400 agents in the U.S. and Canada.

September 5, 2019

Hot August: Subcompacts Lead 1.4% Gain in Retained Values
PWI Expansion Includes Markets in 4 States
Fiat Deletes 500 From North American Lineup

Fiat Deletes 500 From North American Lineup

2019 marks the last model-year for the Fiat 500, 500e, and 500 Abarth in the U.S. and Canada, ending a 10-year production run and leaving the 500X CUV, 500L, and 124 Spider as the Italian brand’s only North American models.

September 4, 2019

Cayenne Leads List of Unworthy $100K Cars

Cayenne Leads List of Unworthy $100K Cars

The Things’ Andre Nalin has released a list of 19 vehicles whose quality or dependability falls short of their six-figure price tags, led by the Porsche Cayenne SUV.

September 3, 2019

DealerBuilt Appoints Baker as CRO

DealerBuilt Appoints Baker as CRO

Twenty-five-year industry veteran Keith Baker has joined DealerBuilt as the DMS provider’s chief revenue officer.

September 3, 2019

EEOC Hits Dealer With Gender Discrimination Suit

EEOC Hits Dealer With Gender Discrimination Suit

Champion Chevrolet of Reno, Nev., has been sued by the federal Equal Employment Opportunity Commission. The lawsuit follows a complaint filed by a female salesperson who says she was bullied out of a job.

September 2, 2019

3 Keys to Harness the Power of Dealer Data

3 Keys to Harness the Power of Dealer Data

Shoppers are increasingly moving online for all purchases. Few auto dealers have fully realized the competitive marketing advantage this potentially lucrative data stream can bring.

September 2, 2019

Manheim Adds Inventory Suggestions to Market Report
Peluso to Depart Manheim After 30-Year Tenure
ADESA Auctions in US, Canada Get New GMs
TradeRev to Open New Indianapolis HQ

TradeRev to Open New Indianapolis HQ

KAR Auction Services will spend $3.75 million to build a new headquarters for its TradeRev division in downtown Indianapolis’ Century building, the former home of Indiana’s first automaker.

August 29, 2019

Mazda Turns to Toyota for Captive Financing

Mazda Turns to Toyota for Captive Financing

Toyota Motor Credit will offer loans, leases, and F&I products to Mazda’s U.S. dealers and customers, replacing the JPMorgan Chase-backed Mazda Capital Services as the factory’s captive finance company.

August 29, 2019