Perhaps the stage is set for another record-breaking milestone in the Canadian wholesale market. After faltering in February, the Canadian Black Book Used Vehicle Value Index climbed back up to near record levels in March. Now sitting at 105.1, experts said the latest reading is within a tenth of a point of the all-time record […] [Read More]

Cox Automotive is leading a $30 million investment round in San Francisco-based Fyusion, a company in the 360-degree and 3D imaging technology space. The investment aims to “accelerate the digital buying and selling experience, bringing it closer to a live interaction,” Cox Automotive said in a news release announcing the investment. Other participants in the […] [Read More]

“Why not take a picture of the dealer’s advertisement the next time you’re shopping for a car and take it with you to your dealer? Because the dealer should not charge more than that advertised price.” That statement is part of an ad from a consumer awareness campaign from the Ontario Motor Vehicle Industry Council, […] [Read More]

The Auto Intel Council — a private, membership-based organization owned and managed by Cherokee Media Group — produced quarterly Auto Intel Briefings that feature data reports, whitepapers, research and more, contributed by AIC members. These Auto Intel Briefings provide the industry and its stakeholders unique insights and perspectives on various topics driving the automotive business The […] [Read More]

Members from the Mobility Open Blockchain Initiative (MOBI) and representatives from major technology companies and automakers convened at IBM’s China Headquarters in Shanghai on Wednesday to discuss the way forward to accelerate the development of connected cars and autonomous mobility solutions. Organizers explained the first APAC MOBI Colloquium set out to explore the current state […] [Read More]

Automotive logistics company ACERTUS has promoted John Heimann to chief information officer. Heimann was previously ACERTUS associate vice president of information technology.  In the new position, Heimann will direct the overall strategy of the company’s IT function, with a goal of helping the company stay ahead of industry trends. ACERTUS co-founder and chief executive officer […] [Read More]

Midwest auto dealer accounting and financial services firm Brady Ware Dealership Advisors wants to help dealerships with more than their accounting functions. Brady Ware is launching a new business model that includes providing consulting services to help dealers focus on being more tax-efficient. The company says that will help safeguard dealership assets and help dealerships […] [Read More]

CarLotz owners say they founded the company because they were “frustrated with the process of selling a used car.” About three to four years ago, the company began helping commercial clients ease those same frustrations. And recently, CarLotz came up with a new method that it says can help companies sell those vehicles quickly with […] [Read More]

Indiana attorney general Curtis Hill is pursuing legal action against another dealership promotions company over allegations of deceptive advertising that included thousands of dollars in prizes and promotions of special financing connected with monthly payments of less than $100. In a civil lawsuit filed April 4 in Morgan County, Hill alleged that Texas-based Hopkins and […] [Read More]

For the second time leading into this week’s North American Repossessors Summit (NARS), Recovery Industry Services Co. (RISC) is bolstering its offerings. Through its relationship with Hudson Cook, RISC announced it has completed a significant update to the Certified Asset Recovery Specialist (CARS) National Certification program. Improvements include detailed information about repossession insurance, relevant case studies […] [Read More]