December 09, 2021
Dealer News
TrueCar Forecasts Dip in New-Car Sales
Staff Writer
July 30, 2021
TrueCar forecasts total new-vehicle sales will reach 1,292,064 units in July 2021, up just 1% from a year ago but down 8% vs. June 2021, when adjusted for the same…
Consumer Confidence Remains Flat
Staff Writer
July 29, 2021
The Conference Board Consumer Confidence Index was relatively unchanged in July, following gains in each of the prior five months. The Index now stands at 129.1 (1985=100), up from 128.9…
Penske, Cox Announce Used Retail Platform
Staff Writer
July 23, 2021
Penske Automotive Group and Cox Automotive have jointly developed a transformational, fully automated technology platform to enable the online retail sale of used vehicles. The automated online buying platform, which…
Auto Parts Site Launches Beta Program
Staff Writer
July 19, 2021
The 4Less Group, Inc. reports that it expects to launch a beta version of its multi-vendor automotive parts marketplace, Autoparts4less.com, on Aug. 25. The beta version will have a diverse…
Chicago Auto Show Kicks Off
Staff Writer
July 15, 2021
The Chicago Auto Show opened to the public this week with a 2021 Special Edition taking place through July 19 inside McCormick Place’s West Building and outdoors along Indiana Avenue.…
GemCap Funds Floorplan Facility
Staff Writer
July 13, 2021
GemCap provided a $7.5 million leverage facility for FlexPath Capital, which focuses on independent auto dealerships. “I’ve watched FlexPath over seven years and seen them evolve into a full-spectrum auto…
State Bill Would Change Title, Registration Law
Staff Writer
July 13, 2021
Michigan drivers would be able to register any vehicle or transfer a title at their local dealership under new legislation introduced by state Sen. Roger Victory. “This is about creating…
Black Book Integrates with HopDrive
Staff Writer
July 13, 2021
Black Book announced a new data integration with HopDrive, a specialist in concierge vehicle pickup and delivery for dealerships and customers. Black Book data is now being integrated with HopDrive’s…
BMW Sales Outpace 2019-20
Staff Writer
July 12, 2021
BMW of North America recently reported Q2 2021 sales of 96,561 BMW vehicles in the U.S., an 89.5% increase compared to the same period last year, and a 15% increase…
