Cars.com, one of the auto industry's largest online shopping sites, is restructuring its sales operations and eliminating more than 100 positions amid pressure from an activist investment group.
Upstart online used-car retailer Vroom said it raised $146 million in its latest round of funding, including a previously reported $50 million from AutoNation Inc.
Heading into 2018, U.S. auto sales appeared headed for a second-straight annual decline. But it hasn't played out as expected: Sales have remained steady even as incentives were disciplined and prices rose further.
What does a 2014 Jeep Compass Sport have in common with a Soviet submarine?
The relationship between compliance and ethics is especially acute in the F&I department.
As new-vehicle prices and interest rates continue to rise, affordable cars continue to disappear from the American landscape.
The Acura RDX continued to post record sales results for American Honda in November, but it was not enough to offset declines for higher-volume vehicles such as the Honda Civic and Pilot.
A forecasted 2 percent drop in U.S. sales would keep the SAAR above 17 million. As the headwinds get stronger, transaction prices continue to rise and incentive spending remains disciplined.
KAR Auction Services said it agreed to buy Belgium-based online auction company CarsOnTheWeb for about $176 million.
Sid Nair, from IT services company DXC Technology, will take over the responsibilities of the departing Raj Sundaram, executive vice president and chief client success officer.
Black Friday hasn't just taken over Thanksgiving weekend: Big sales run all month, especially in automakers' and dealers' marketing efforts. For many Americans, buying big-ticket items in November now goes hand in hand with stuffing themselves full of turkey and gravy and, well, stuffing.
Certified pre-owned vehicles are selling quicker and with better margins, according to J.D. Power.
The need for traditional dealers to get innovative in the pre-owned space was apparent at the 2018 Used Car Week annual event in Scottsdale, Ariz.
Online auctions and the digital tools that accompany them are key to vehicle wholesalers' futures.
Margin compression in the used-vehicle market has made knowing the intricacies of data more important than ever for dealers.
The National Auto Auction Association is spending $125,000 on two initiatives to help members find and hire more technicians.
Carvana Co.'s aggressive growth shows no sign of slowing: The online used-car retailer continues to charge into new markets on the strength of investor backing and improving vehicle sales and gross profit. Net profit, however, remains elusive.
Data is increasingly king in used-car sales, but there is still a place for auction-hardened experience, dealers say.
The auction services and technology company's core businesses helped offset continued costs associated with its rollout of TradeRev.
Carvana reported triple-digit growth in volume and revenue in the third quarter, but profits remain elusive as the online used-vehicle seller continues expanding its relatively low-overhead model.
To alleviate the often cumbersome and slow F&I process, Dealertrack has launched uniFI, a platform that connects the entire deal process with open integration.
It was a record October for Toyota division light-truck sales. Surging deliveries of the Tacoma pickup and Highlander crossover led Toyota Motor Sales to a slight gain for the month.
U.S. light-vehicle sales are expected to dip to the lowest level for October since 2014, forecasters say, as automakers dial back on deals and the cost to buy a new car or truck keeps rising. The SAAR is expected to remain strong and top 17 million. October could also be the first month ever in which light trucks account for more than 70 percent of retail sales, according to some analysts.
The settlement needs court approval, and the money would be put in escrow while the case against CDK Global proceeds.
Manheim Express is being touted as a logical evolution in digital wholesaling. But some high-volume dealers could use a little help.
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