If you’ve streamed music and movies or purchased shoes, food or other goods on an app, you’re likely familiar with personalized, tailored recommendations. While those are often based on viewing, browsing or purchasing behavior, a new recommendations tool in the wholesale auto industry appears to take that a step further. ADESA said Tuesday it has […] [Read More]

Fair has landed a $100 million debt facility and an equity investment from Ally Financial as part of an expansion to a partnership that began last year. Ally Bank is providing the debt facility to a subsidiary of Fair. That money is meant to be used by the fintech startup to obtain vehicles for entry-level […] [Read More]

Mitsubishi Motors North America president and chief executive officer Fred Diaz has said that the move of its headquarters from Cypress, Calif., to Franklin, Tenn., is an important part of its plan “to reinvent every aspect of Mitsubishi Motors in the U.S.” But to make that work,  the company is looking for the best employees, […] [Read More]

David Smith and members of Sonic Automotive’s leadership team were excited to share the company’s earnings results during the company’s second-quarter 2019 earnings call in July. “We want to thank our teammates, customers, vendors and manufacturer partners for helping us achieve a record second quarter,” said Smith, who is Sonic Automotive’s chief executive officer. But […] [Read More]

With its new program offering flat-rate pricing for automatic post-sale inspections, Manheim says that dealers can automatically receive inspections for all wholesale vehicle acquisitions at a “predictable, consistent rate.” The company said the new program can help increase dealer confidence in purchasing decisions within the wholesale used-vehicle marketplace. Through the program, Manheim said, dealers can […] [Read More]

Vehicle take rates of automated driving features are steadily rising as consumers purchase new vehicles, with the secondary market recognizing the added value placed on these attributes reflected in resale pricing. While we are still in the early days of understanding how quickly the industry will move through the NHTSA’s Automated Driving System (ADS) taxonomy, […] [Read More]

Black Book says it has evolved into an advanced data and analytics company. The company notes that it now helps dealers, remarketers, lenders, integration partners, insurers, and other industry professionals use “precise valuation data” to make intelligent decisions. Because of that evolution, the company on Monday unveiled its new brand identity and website. Black Book […] [Read More]

At its recent User Summit, DealerSocket lauched a new integration between the software company’s Precise Price digital retailing solution and F&I Express’ network of approximately 160 F&I product providers. The companies highlighted this new combination can enable an even more accurate and intuitive digital retailing process for dealers and their customers. DealerSocket explained Precise Price […] [Read More]

Universal Lenders recently announced the integration of its ZERO Plan program with the entire suite of Darwin Automotive F&I and digital retailing software solutions. The companies explained this integration partnership will allow Darwin’s dealer clients access to premium finance all F&I products, including non-cancellable products, while seamlessly and effortlessly e-contracting the transaction using the ZERO […] [Read More]

“Unlocking hero status starts with performance measurement.” While it’s not certain if that quote in a recent AutoIMS presentation also applies to superhero status (i.e. Superman’s vertical leap measured in tall-buildings-per-single-bound), a new Sales Scorecard program from the company aims to give the remarketing industry sharper (if not x-ray) vision. Based on demand from the […] [Read More]