Market shifts to used vehicles as ‘affordable alternative,’ with strongest days-to-sell in nearly 3 years
Record new-car prices, says Catalyst IQ, have led to greater consumer emphasis on “affordability, fuel-efficiency and value.” And that includes stronger demand for used cars, which hit their quickest turn times in nearly three years, the automotive analytics and marketing company said in its Q2 2026 State of the Industry Report. Offering some overall commentary […]
October 26, 2026
Lani Automotive Group has purchased its first franchised dealership. The group purchased Mount Pleasant Chevrolet GMC Chrysler Dodge Jeep Ram from Coleman Automotive Group, according to a news release from Performance Brokerage Services. Both Lani and Coleman are based in Iowa, as is the dealership. In a news release, Sam Saghbini and Sean Veilani of […]
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October 26, 2026
When multiple, separate entities independently develop and implement technologies, siloes can happen. As artificial intelligence and other tech innovations grow, a new initiative in the auto industry is looking to help make sure that doesn’t happen by focusing on “developing shared standards to help AI platforms and automotive systems work together across vehicle shopping, service […]
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October 26, 2026
Online speculation surfaced over the weekend on social media and elsewhere that fraudsters from the Dark Web hacked into VinSolutions, potential extracting thousands of consumers’ information from the CRM used by about 7,000 dealerships. Cox Automotive on Monday acknowledged “suspicious activity” that was “quickly contained” within VinSolutions. Here is the company’s entire statement about the […]
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