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LAWRENCEVILLE, Ga. — Stronger sales at auction thanks to the start of tax season resulted in some of the lowest depreciation seen this year, according to Black Book’s Feb. 5 Market Insights Report. Overall, car segment values declined 0.34% last week, nearly half as much as the 0.58% seen in the previous week. Overall, truck values ... Read More »
Read More →IRVINE, Calif. — Five General Motors vehicles from the 2018 model year made Kelley Blue Book’s “2018 5-Year Cost to Own” list, while four Toyota and Lexus vehicle made the vehicle information site’s annual list. The firm named Hyundai as the brand with the lowest cost to own and Acura as the lowest cost luxury ... Read More »
Read More →NAPA, Calif. — AUL Corp. surpassed 2 million contracts issued, the vehicle service contract provider announced last week. Officials said the milestone makes the firm one of the top independent VSC providers in the nation. Founded in 1990 by industry icon Luis Nieves, AUL achieved the milestone just seven years after it touched the million-policy ... Read More »
Read More →WILKES-BARRE, Pa. — GWC Warranty was recently recognized as a top employer both nationally and locally in the Greater Wilkes-Barre, Pennsylvania region. GWC Warranty was recognized nationally by the National Association of Business Resources, which named the service contract provider as one of the 101 Best and Brightest Companies to Work For. The competition identifies ... Read More »
Read More →NEW YORK — Auto leasing technology provider Carvoy announced the launch of Carvoy Ignite, an end-to-end ecommerce SaaS platform designed to convert auto dealers’ websites into an online marketplace. Now available nationwide, the technology easily integrates with pre-existing systems and requires little to no training for dealership staff to operate, according to the provider. Carvoy Ignite includes ... Read More »
Read More →SAN FRANCISCO, Calif. — The Kia Stinger’s “Feel Something Again” Super Bowl spot featuring Steven Tyler saw the greatest lift in interest across Jumpstart Automotive Media’s portfolio of publishers, the media company reported this week. The finding is part of the company’s annual Super Bowl report, which reveals the auto brands that drove the greatest ... Read More »
Read More →ATLANTA — Wholesale used-vehicle prices decreased 0.74% month over month in January. This brought the Manheim Used Vehicle Value Index to 131.0, a 4.9% increase from a year ago but the lowest level since last July. On a year-over-year basis, all major market segments except midsize cars saw gains. Luxury cars, pickups, and vans outperformed ... Read More »
Read More →DALLAS — Pearl Technology Holdings LLC announced the release of Rapid Proactive Messaging (RPM), a personalized marketing platform that delivers real-time alerts of engaged prospects to dealership personnel for follow up via text, phone or email. RPM is integrated into all Pearl products, including VehicleXchange, allowing dealership salespeople to connect directly with their best sales ... Read More »
Read More →LAWRENCEVILLE, Ga. — Black Book’s Used Vehicle Retention Index fell only 1.2% year-over-year in January to a 113.1 reading for the month. The firm had expected a larger decline. Anil Goyal, executive vice president of operations for Black Book, said the expectation was based on the lift in wholesale values due to replacement activity linked ... Read More »
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