Cox Automotive is holding steady with its estimates of vehicle damage from Hurricane Florence as flooding reaches near record levels in some places in North Carolina. The analyst team led by Cox Automotive chief economist Jonathan Smoke initially estimated last week that 20,000 to 40,000 vehicles could be lost due to flooding in the Carolinas. […] [Read More]

With dealer groups in mind, Spireon has made updates to its Kahu connected car solution that are aimed at helping multi-store dealers improve inventory management, facilitate trades and increase visibility concerning activity outside of the lot. Spireon announced Tuesday that it has made enhancements to Kahu to provide dealer groups with tools they can use to […] [Read More]

Congratulations to the recipients of this year's Auto Remarketing’s Best Auctions to Work For program, presented by CARS Recon. The program is a free workplace study for the auto-auction industry that recognizes the best auto auctions to work for on an unranked basis. It is designed and intended for individual physical auction locations — and for […] [Read More]

Slightly modifying the famous Mark Twain line in light of how popular utilities are nowadays, Black Book’s latest information showed rumors about how the death of compact cars has been greatly exaggerated. As a part of this week’s Market Insights report, Black Book reiterated that the three-year retention rates on compact cars have staged a remarkable […] [Read More]

While the use of anti-theft technology in cars is strong, at the same time, thousands of vehicles are stolen every year from owners who leave their keys or fobs behind, says the National Insurance Crime Bureau (NICB). In fact, across the country, vehicle theft has reached averages more reminiscent of the late 1960s. “Even with […] [Read More]

Another startup launched this summer now has a tool designed to give both potential buyers and dealers insight about how retail prices are behaving up and down car rows and beyond in California. On Tuesday, newcomer CarlStreet announced the general beta availability of its CarlStreet Real-time Market Value (RMV) service. The company said the solution […] [Read More]

While perhaps not to the scale of some other data breaches, a dealership management software (DMS) provider recently reached a settlement with New Jersey regulators whose investigation found compromised systems. New Jersey attorney general Gurbir Grewal and the state’s Division of Consumer Affairs announced a settlement with DMS developer Lightyear Dealer Technologies — makers of […] [Read More]

AGORA founder and chief executive officer Steve Burke is building a robust collection of integrations where his platform for bulk portfolio transactions can function with dealer management software (DMS). With Frazer and DealerCenter already in his pocket, Burke recently announced AGORA now has a joint newly launched integration functionality relationship with Wayne Reaves. “Partnering with […] [Read More]

Faraday Future (FF) has appointed a new vice president of product, technology and intellectual property (IP) strategy who has previously spent time at both Tesla and Apple. The company announced Monday that it has chosen to bring aboard Jeff Risher to lead FF's IP strategy and patent portfolio efforts. He brings 20 years of experience in […] [Read More]

In an early meeting between the companies, the management at Lithia Motors posed this question to the co-CEOs of Shift, an online automotive marketplace: “Since all this stuff is so good and it works so well, what’s preventing you from scaling this thing quicker?” The answer Lithia got back “really opened our eyes up to the […] [Read More]