With an eye toward national expansion among other growth objectives, Veros Credit on Monday announced a strategic investment from ITOCHU International, a global leader in trading and investment. According to a news release, the investment may result in ITOCHU acquiring a minority ownership stake in Veros Credit, underscoring both companies’ shared commitment to long-term growth […] [Read More]

America’s Group has added its third auction in the Peach State, announcing Monday that it has acquired South Georgia Auto Auction in Albany. This continues a flurry of buy-sell activity for the auction company, which also announced purchases of Car-Tech Auto Auction in February and auction tech platform auctionVcommerce in January. The acquisition of Car-Tech […] [Read More]

Vic Vaughan Toyota of Boerne is ready to get its new service center off the ground. The dealership in the San Antonio suburb of Boerne, Texas, will break ground on its 28,639-square-foot facility with a ceremony Tuesday. “As our dealership continues to grow, so does our commitment to providing an unparalleled service experience for our […] [Read More]

ZeroSum has to admit it doesn’t have all the answers. But the marketing and data software firm understands why cars have been flying out of dealerships for the past month. In its latest “State of the Dealer” report, ZeroSum said March used-vehicle sales soared to the highest level in its seven years of tracking that […] [Read More]

Lamenting. Bracing for impact. Embracing. Preparing. Seeing an opportunity. Those are but a few of the ways auto dealers are responding to the Trump administration’s 25% tariff on vehicles imported to the U.S. — a policy that became effective Thursday. In statement Wednesday, Cody Lusk — president and CEO of the American International Automobile Dealers Association, which representing U.S. franchise dealers selling import brands — said that ... [Read More]

Solera is putting artificial intelligence into fleet management. The vehicle lifecycle management software provider has launched the Solera Fleet Platform, an AI-driven platform designed to unify fleet intelligence, optimize efficiency and providing visibility and control over fleet operations. Solera said its new platform brings the capabilities of its systems together to create a fully connected […] [Read More]

CARFAX wants to offer insurers a more accurate way to determine what a totaled car is worth. The vehicle history report provider announced it has enhanced its Total Loss Valuation Report to include automated calculation of taxes and fees through a partnership with Claim Toolkit. The company said the addition allows claims professionals to more […] [Read More]

On Thursday, Insight LPR joined the recent conversation about license plate recognition technology in the repossession industry public square started by the American Recovery Association and DRN. In a letter signed by president John Nethery and sent to Cherokee Media Group, the company said, “As the safest LPR provider in the market, Insight LPR encourages […] [Read More]

DRN president Jeremiah Wheeler appeared on the Auto Remarketing Podcast this week to continue the intensifying dialogue about license plate recognition technology. Wheeler elaborated about the company’s response to assertions made by the American Recovery Association and what he hopes the future holds for repossession agents, finance companies, forwarders and other recovery industry service providers. […] [Read More]

The Trump administration’s 25% tariff on vehicles imported to the U.S. – a policy that became effective Thursday – won't just make already expensive new vehicles out of reach for many Americans, analysts say. Used cars are likely to become pricier, too, and may run in shorter supply towards the end of the decade. By July, there could be ... [Read More]