If you’ve noticed your finance office contains a steady stream of customers in their 20s signing new-model lease contracts, don’t be surprised or alarmed. New analysis from Edmunds.com indicated millennial buyers opt to lease their vehicles at a higher rate than the overall buying population. And for dealers in certain parts of Michigan, Minnesota and […] [Read More]

MVTRAC president Luke Smith recently was named the Leukemia & Lymphoma Society's 2015 Man of the Year. Collectively, Smith along with the other candidates from the Illinois chapter raised more than $600,000 to help cure leukemia, lymphoma, Hodgkin's disease and myeloma and improve the quality of life of patients and their families. The 10-week campaign held […] [Read More]

Exactly 239 years ago, a group of prominent individuals got together and created the great nation we live in today. They aspired to build a nation where people could freely voice their opinions and concerns in order to help better the world around them. Then 188 years later (51 years ago), another group of individuals […] [Read More]

Say that four used-car shoppers happen search for your vehicle make online. It’s likely that three will then submit a lead for that specific brand, according to a new whitepaper from CarStory.  And the make most likely to generate “lead loyalty?” It’s Ford. The Lead Loyalty and Intent to Buy Online whitepaper indicates that 84.4 percent […] [Read More]

If it seems like a new study on the prevalence of mobile shopping comes out every day, you’re just about right. And there’s a reason for that. According to Search Optics, utilizing data provided from the US Mcommerce 2015: eMarketer’s Forecast and Trends report, the U.S. retail mobile market is expected to generate $76.79 billion […] [Read More]

Though Tesla’s direct-to-consumer model has caused quite a stir in among the dealer industry over the past few years, leasing marketplace Swapalease.com took a look at the consumer side of things with interesting results. Though data from its latest survey shows shoppers are mostly in favor of Tesla’s direct-to-consumer sales model, they aren’t sure it […] [Read More]

Trucks and SUVs, in general, made an impressive showing on Autotrader’s list of most popular certified pre-owned vehicles in June, but pickups were especially strong: they accounted for four of the top 10 spots. The overall story out of Autotrader’s Trend Engine data analysis — which looks at monthly shopping activity on Autotrader.com — certainly revolved […] [Read More]

We’ve mentioned a couple times already the importance and awesomeness of our Used Car Week sponsors. And the cool thing is, that list continues to grow. Here’s the latest look at our sponsorship list: CPO Forum Autotrader (presenting sponsor) Ally SmartAuction CarStory Chrysler Contact at Once, LLC Costco Auto DealerRater Ford IntelliChoice.com Kia Motors America […] [Read More]

A recent research study conducted by Blackhawk Engagement Solutions shed light on several aspects of automotive shoppers around the country, revealing that many use their smartphones to compare prices. And the majority use retail websites as one of their top sources for comparing prices on automotive products. Looking at the specifics of the “Where It’s […] [Read More]

When planning transport of pre-owned vehicles, a little planning can go a long way in saving you time and money. Just knowing about how various parts of the supply chain operate can give you the insights to help optimize vehicle transport. The dispatchers and customer service reps at vehicle transport companies can be a wealth […] [Read More]