Recent Stories
Dealers
Cox fights deposition of Schwartz in DMS antitrust case

How much does Cox Automotive President Sandy Schwartz know about Dealertrack's competition?
Dealers
Cox names general manager to lead Dealertrack

Cox Automotive promoted Mandi Fang, 47, to lead the company's DMS product from a new headquarters in Draper, Utah.
Finance & Insurance
Alternative credit data gains acceptance

Alternative data are proving that there is segment of consumers that is eligible for auto loans-- even if they don't have the traditional credit history to prove it.
Sales
Sales off to weakest start in 5 years

U.S. light-vehicle sales fell 2.9 percent in February. Affordability concerns weighed on consumers still riding a generally healthy economy.
Sales
Carvana plans big expansion

Carvana will have to grow to 20 times its current size to achieve company CEO Ernie Garcia's goal of selling 2 million vehicles.
Dealers
Cars.com review continues; 2018 earnings plunged

The company began a strategic review of its business in September and revealed in January that the process could ultimately lead to a sale. Earnings plunged in 2018.
Used Cars
Carvana posts wider Q4, 2018 losses as U.S. expansion rolls out

Carvana posted a wider fourth-quarter loss of $86.4 million as the used-vehicle upstart continued to spend heavily to expand into new markets. Revenue jumped 121 percent to $584.8 million and shares in Carvana rose.  
Sales
U.S. auto sales projected to fall again in Feb.

Estimates released by three leading forecasters see declines of as much as 2.6 percent from February 2018 levels, while Cox Automotive projects a 0.7 percent gain. Forecasts of the seasonally adjusted annual sales rate range from 16.6 million to Cox's 17.1 million.
Sales
Another CPO sales record this year?

Affordability issues appear to be nudging more buyers into used cars and trucks.

Sales
Fun follows safety at VirtuaLane

After testing the VirtuaLane concept in seven markets over the past two years, ADESA was set to announce the launch of the effort in 20 locations.
Used Cars
TradeRev rollout dings KAR earnings

The company plans to expand TradeRev to 175 markets by the end of the year but needs more boots on the ground for the rollout.
Dealers
Mediation ordered for Ford Credit, Texas group

Citing consumers affected by the Texas dealership group as a concern, Judge Robert Jones has ordered Ford Credit into mediation with Reagor Dykes.
Dealers
Drive Flex DMS rollout accelerates

CDK has about 40 dealerships lined up to get its Drive Flex DMS. The plan is to eventually roll it out to all of the nearly 9,000 U.S. dealerships that are CDK DMS customers, a process likely to take three to four years.
Dealers
CDK focuses on core

CDK Global reports increased revenue in its second quarter and says it is now turning its attention to its core business of customer service.
Dealers
In used Ferrari case, damages against Ark. dealer cut from $5.8M to $500,000

A federal judge agreed that punitive damages owed by Silverstar Automotive were excessive but also had some harsh words for the dealer.