Dealer News

The valuation analysts at Kelley Blue Book reported the estimated average transaction price for a light vehicle in the United States was $38,530 in June 2020. New-vehicle prices increased $1,141…
Hyundai Motor America reported total June sales of 50,135 units, a 22 percent decrease compared with June 2019. Retail sales grew 6 percent despite the ongoing economic challenges. It is…
Carvana has launched CarvanaACCESS, a direct-purchase platform that gives independent and franchised dealers the ability to buy wholesale vehicles from Carvana. As consumer trade-ins and other wholesale vehicles are processed…
Erie Insurance commissioned a national survey to find out which features drivers disable the most and why. The survey, which was limited to drivers whose cars were model year 2016…
Jumio, a provider of AI-powered end-to-end identity verification and authentication solutions, announced the launch of a suite of data-driven services including address validation, proof of residence and a new partnership…
Sonic Automotive Inc., one of the nation’s largest automotive retailers, reported improved consumer demand, new and used sales volumes along with foxed op revenues. Sonic earlier provided an updated outlook…
Porsche Cars North America has appointed Frank Wiesmann as manager, product communications. In his new role, Wiesmann will oversee all product, motorsport and brand heritage focused communications for Porsche in…
First Business announced the launch of its new Floorplan Financing suite of solutions for independent car dealers nationwide. Floorplan Financing allows car dealers the flexibility to finance their acquisition of…
The 2020 auto dealership buy/sell market declined in the first quarter, falling 9.3 percent off 2019’s transactions pace as the COVID-19 pandemic took its toll on auto retail, according to…