Similar to how other organizations have had to do with their in-person events, the National Independent Automobile Dealers Association is taking its annual showcase to the digital world. According to an announcement distributed late on Friday, the 2020 NIADA|NABD Convention and Expo is going fully virtual. Due to ongoing and recent developments in the COVID-19 […] [Read More]

Warren Henry Auto Group is grooming future automotive technicians who still are high-school students. The group that’s been in business since 1976, recently announced the new Warren Henry Technician program in partnership with Miami Dade Public Schools. With this initiative, Warren Henry is hoping to reduce the current shortage of technicians in south Florida and […] [Read More]

Kroll Bond Rating Agency (KBRA) and S&P Global Ratings continued to use their examinations of the U.S. auto loan asset-backed securities (ABS) market to offer a look not only at that particular segment but also views on what the overall health of auto financing might be. Beginning with S&P Global Ratings, analysts there said May […] [Read More]

Last week, Nacha highlighted how much electronic financial transactions jumped year-over-year during the second quarter, triggered in part by the coronavirus pandemic. The steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information, reported that Q2 ACH payment volume grew 7.9% compared […] [Read More]

Sheehy Auto Stores is again looking to support the American Heart Association through a program happening at all of its dealerships. On Friday, the company announced the beginning of the 23rd annual Sheehy 8000 Sales Race, a community-wide initiative in which all 29 Sheehy dealerships sell vehicles while raising awareness and funds to benefit the […] [Read More]

An executive who began his professional career in the trenches at a dealership now is the vice president of business development of CarLabs.ai, an artificial intelligence-powered, conversational engagement platform designed to successfully implement and personalize sales and customer service via chat on social channels, websites, voice and other messaging channels. Named to this post this […] [Read More]

This past week, CU Direct announced a new integration with VinSolutions automotive CRM, creating what the tech firms believe are six benefits for dealership F&I offices. As a result of the collaboration, CU Direct has expanded its CUDL auto financing platform’s DMS/CRM integration solution to include VinSolutions. The developer of lending software technology for the […] [Read More]

RumbleOn and CarGurus are working together to provide dealerships with another technology-driven path to secure valuable inventory. The companies announced last week that CarGurus will leverage RumbleOn’s technology as well as its transportation and distribution services in the testing of a new inventory acquisition product for dealers that can enable dealers to source consumer vehicles […] [Read More]

In a preview of what he will discuss in more detail during the all-digital Automotive Intelligence Summit, DRN executive vice president and general manager of fintech Jeremiah Wheeler offered some insight into the company’s location data gathered since the coronavirus pandemic began. Wheeler is also among the keynote presenters during the Auto Intel Summit presented […] [Read More]

Darwin Automotive formed partnerships this week with two other companies in the F&I space. According to news releases from the firms, both EasyCare and GWC Warranty will be a preferred partner for Darwin’s premier F&I menu system, as well as its digital retailing and consumer self-service tool. With these partnerships, EasyCare and GWC Warranty said […] [Read More]