This week, Flexcar, a month-to-month car lease company, announced a partnership with Carrington Labs, a leading provider of credit risk analytics and cash flow underwriting models. Through this partnership, Flexcar said it will strengthen its credit risk capabilities and enhance its underwriting performance, helping more drivers access the flexibility and convenience of month-to-month car leases. […] [Read More]

Ascent Dealer Services, a provider of F&I performance, training, and profitability solutions, recently named Rob Johnson as its new vice president of acquisition. Johnson possesses more than eight years of specialized experience in the automotive and F&I sector. He began his career with Protective Asset Protection, one of the largest insurers in the F&I industry, […] [Read More]

There’s a new captain at the helm of AutoCanada. And even with “interim” attached to his title, Sam Cochrane is very clear about the course he’s set for the Edmonton-based dealership group. Having navigated stormy seas as chief financial officer for the past year and a half under former executive chairman Paul Antony, the interim […] [Read More]

Cars Commerce has added a veteran software engineer as its chief technology officer. The company said Cormac Twomey, who takes over effective Dec. 10, will be responsible for speeding innovation, scaling the technology platform, driving the company’s ascent in artificial intelligence and enabling automotive retail and wholesale. “Under his leadership, we will enhance our technological […] [Read More]

A portion of this spring’s Used Car Industry Summit will focus on how the remarketing and retailing of used electric vehicles will be important for auctions, consignors and dealers to handle. More evidence as to why Cherokee Media Group is collaborating with Recurrent for conference sessions so attendees can get more plugged into used EVs […] [Read More]

Will 2026 be the Year of Artificial Intelligence in the auto retail industry? AI-native automotive retail technology company Spyne believes that will be the case based on the results of its 2026 U.S. Automotive Market Sentiment & Dealer Operations Report, which found 76% of U.S. dealerships plan to increase their AI budgets next year. That […] [Read More]

Along with a move involving a lender in Australia, SBS and Vero Technologies expanded their collaborative efforts in floorplan financing this week to forge a new partnership with Auto Use, a U.S.-based provider of commercial auto financing solutions. With more than 50 years of experience serving auto dealers and its customers across the Northeast, Auto […] [Read More]

Another widely used dealership system that contains personally identifiable information (PII) has been infiltrated by fraudsters, compromising consumers’ profiles and creating significant headaches for store managers and the service provider. Separate statements from 700Credit and the National Automobile Dealers Association confirmed the provider of credit reporting and compliance solutions for the automotive industry was hacked […] [Read More]

Imagine an excited individual who financed and took delivery of a used vehicle on Labor Day. Perhaps it was a gently used, older car or maybe even a certified pre-owned model. There’s a possibility that contract won’t reach its payoff date until Nov. 1, 2032. That’s because Experian reported on Thursday that 1.06% of all […] [Read More]

The fire that erupted at Novelis’ aluminum production facility in Oswego, N.Y., represents a sharp, immediate shock to the global automotive supply chain. According to Reuters, this will instantly throttle new vehicle production for major automakers such as Ford Motor Co., Stellantis, Toyota Motor Corp., and Volkswagen Group. This material shortage precipitates a massive, immediate […] [Read More]