CarLotz says that its team was nominated for the EY Entrepreneur of the Year 2019 Mid-Atlantic award because of its work in “driving the company’s growth trajectory.” At the same time, the team used vision and leadership to inspire others, the company said in a news release. That work was noticed as the company announced […] [Read More]

Through a new partnership between Carfax and digital automotive merchandising software company SpinCar, auto dealers can offer shoppers easier access to Carfax reports while they view vehicles on a dealer’s website. The partnership allows shoppers to access vehicle history reports through 360° Walkarounds. For any used car, Carfax dealers can now showcase vehicle history reports […] [Read More]

With operations such as DriveItAway working with NIADA,  stores are retailing more used vehicles to buyers who are leveraging the car for employment with alternative-transportation companies. On Tuesday, a partnership involving Agero and Lyft came to fruition that could potentially help those individuals gain even more business and stay current on their financing obligations. Agero, a […] [Read More]

With wholesale prices softening as summer officially arrives this week, Black Book is noticing that dealer activity is rebounding a bit at the auction even if action at their showrooms is not at an optimum level. This week’s Market Insights report showed that values for both cars and trucks decreased at rates much above the […] [Read More]

Spireon is diversifying its product offering. On Tuesday during the National Independent Automobile Dealers Association’s 2019 Expo and Convention, Spireon announced that its GoldStar Connect solution is now available in Spanish. The GoldStar Connect app can offer buy-here, pay-here dealers and subprime auto finance companies connected vehicle features and benefits meant to increase customer loyalty […] [Read More]

PassTime is now literally connected to AT&T. PassTime announced this week that it will add connectivity from AT&T’s LTE-M network to its family of GPS products and solutions for automotive asset management services. Company leaders insisted this development will enhance asset tracking, dealer management and asset recovery services for PassTime’s customers. PassTime provides a suite […] [Read More]

Chief fraud strategist Frank McKenna described the fourth gathering of the PointPredictive Fraud Consortium Roundtable earlier this month just ahead of the National Automotive Finance Association’s Non-Prime Auto Finance Conference as the best one yet. Besides more than 50 attendees from 21 auto finance companies — including five of the top 10 market leaders — […] [Read More]

A new integration between dealership software provider Selly Automotive and independent used-car dealer management software company Frazer will help Frazer users manage leads from several websites and other sources, Frazer Computing president Michael Frazer said in a news release. More than 21,000 active users work with Frazer, which says it provides dealer management software that is […] [Read More]

Much innovation is emerging in the automotive sector. Even a glance at it foretells an exciting future for automotive technology and its benefits and challenges to OEMs, dealers, lenders, vendors and consumers. This article touches just briefly on a few highlights of these coming attractions. To learn more about these new ideas, products and solutions […] [Read More]

The used-vehicle market, both retail and wholesale, is skewing younger. Two out of every three used vehicles retailed by franchised dealers in the first quarter were 4 years old or newer, according to the latest Used Vehicle Report from Edmunds. And on the wholesale side, there has been a 5.4% year-to-date increase through May for […] [Read More]