Companies that are key players in the used-car world recently presented at the J.P. Morgan Global Technology, Media and Communications conference. While their presentations touched on a wide range of topics, a common thread ran through them. Each highlighted value-added services that will help them thrive in a time of great uncertainty. The companies are Cars Commerce, CarGurus, ACV Auctions and Carvana ... [Read More]

Well, if you had a little wager at your dealership or consignment department guessing how long wholesale values would increase because of tariffs and other factors, the person who predicted 10 weeks in a row would be the winner. Black Book reported that wholesale values dipped 0.03% last week, stopping the price climb that began […] [Read More]

Just like the rest of us, American cars keep getting older. The average age of U.S. light vehicles has set another record, climbing to 12.8 years, according to S&P Global Mobility’s annual analysis. The average has now risen for eight consecutive years, and the increase of two months from 2024 marks the second consecutive year […] [Read More]

This week, the American Recovery Association highlighted the inroads on Capitol Hill made by the Repo Alliance, which spearheads lobbying efforts in Washington, D.C., on behalf of repossession agents. Repo Alliance founders Dave Kennedy, Mike Peplinski, Stephanie Findley and Marcelle Egley Sparks, along with ARA president Vaughn Clemmons and fellow agents, Richard Grosvenor and Todd […] [Read More]

TapOverdrive CEO Jaideep Jain said collaborative intelligence is the perfect blend of what humans do best — creativity and teamwork — and what artificial intelligence does best — speed and scalability. What could collaborative intelligence do in automotive? Jain offered some projections during an appearance on the Live Stage presented by SYCN Auto Logistics at […] [Read More]

NETSOL Technologies this week announced an addition to its advisory board, getting set to welcome Richard Howard, who the business services solutions provider called a distinguished automotive executive with an extensive leadership track record at Daimler Financial Services. According to a news release, Howard’s appointment is effective on June 1. While Howard joins NETSOL as […] [Read More]

While acknowledging “the economic environment has changed significantly since 2020,” Federal Reserve chair Jerome Powell reiterated how policymakers approach their work associated with interest rates and other matters while being guided by what’s known as “the consensus statement.” Finalized in 2012, Powell explained last week that the Federal Open Market Committee (FOMC) first codified its […] [Read More]

Fitch Ratings found a path by which U.S. tariffs on imported autos and automotive parts could leave a positive impact — more than just what might be said by President Trump. Analysts said those tariffs will strengthen auto loan and lease recoveries and residual values (RVs), supporting ABS asset performance. “This will help to partially […] [Read More]

The Reynolds and Reynolds Company said in a news release Wednesday that president Chris Walsh has been named acting CEO. The former CEO Tommy Barras is no longer with Reynolds, the company said. In a separate news release on Tuesday, The Buzbee Law Firm said it has filed a $300 million lawsuit against Reynolds on […] [Read More]

BizzyCar, an AI-driven automated service recall management platform, is updating its Mobile Service Software, offering enhanced features for its nationwide network of dealer partners. BizzyCar’s platform is designed to automate appointment scheduling and identify ideal customers for mobile visits, especially those with time-sensitive recalls. The company said its Mobile Service app has been used for […] [Read More]