Retail

NASCAR Hall of Famer joins Carvana in donation to Indianapolis tech school

Carvana’s new initiative to support automotive education has some fast company. In conjunction with this weekend’s Brickyard 400 at Indianapolis Motor Speedway, the online used-car retailer has joined with seven-time NASCAR Cup Series champion Jimmie Johnson in a project to ... [Read More]

Wholesale

OPENLANE promotes Orelaru to head of investor relations

Digital wholesale used-vehicle marketplace OPENLANE has promoted senior director of corporate finance Itunu Orelaru to head of investor relations. Orelaru, who will report to executive vice president and chief financial officer Brad Lakhia, will be responsible for communicating OPENLANE’s vision, ... [Read More]

Technology

IRS offers advice to help dealers avoid becoming victims of phishing scams

The Internal Revenue Service sent a reminder to dealers this week that had nothing to do with filing tax returns or sending mandated funds to the federal government. Considering the recent ransomware attack aimed at dealers, the IRS is warning ... [Read More]

Financial

COMMENTARY: Are you ready for AI to drive auto lease & finance?

Almost overnight, it seems artificial intelligence is revolutionizing industries worldwide, and its impact on automotive is no exception. With the help of AI, automotive finance and lease businesses are already streamlining processes, improving customer experience, and detecting fraud. For lenders, ... [Read More]

Analysis

Lane watch: Both auction conversion rates & retail days to turn on steep upward trajectories

According to Black Book’s tracking, dealers are buying more vehicles at auction nowadays, but they’re also needing almost two additional weeks to get those cars retailed. Among two of the most interesting parts of the newest installment of Market Insights, ... [Read More]

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