It’s been a milestone week for Open Lending Corp., which announced the certification of the 1 millionth contract through its Lenders Protection decisioning engine. Company leadership said this achievement underscores Open Lending’s ongoing efforts to empower financial institutions to grow their portfolios, create access to vehicle ownership, and drive innovation in the automotive finance industry. […] [Read More]

Matt Bradley knew that he would soon become the CEO of Super Dispatch. But few, if anybody, in the Used Car Week exhibit hall did. So, as he walked the expo hall floor last month, “surveying” attendees to get their take on the transportation management company, it was a bit like something out of “Undercover Boss” on CBS.  “I went around the floor and ... [Read More]

If it seems you can buy anything on Amazon, well, that just got one step closer to reality. Now you can buy a car on Amazon. Specifically, vehicle shoppers in 48 U.S. cities can now order, finance and schedule pickup of a new Hyundai from a local participating dealer directly from the Amazon platform. The […] [Read More]

A very special Toyota Camry was sold this month. The Supersonic Red 2024 Camry, sold from Sheehy Toyota of Laurel in Laurel, Md., was the 8 millionth vehicle sold in the U.S. through Toyota’s certified pre-owned vehicle program. In a news release, Toyota Motor North America said its CPO program, Toyota Certified Used Vehicles, is […] [Read More]

As the year nears its end, Canadian used-vehicle wholesale values keep dropping. Canadian Black Book’s weekly Market Insights report showed the market sank by 0.64% overall in the week ending Dec. 10, almost twice the 0.33% decline of the previous week. Values were down across the board — with the exception of full-size pickups, which […] [Read More]

Dealers Auto Auction Group has promoted Brittany Theis to director of sales for DAA Digital. Theis, who joined DAA as a regional digital sales manager in 2022, brings 16 years of experience to the role. In her tenure with DAA, the company said, she has “transformed digital marketplace strategies through strategic implementations and exceptional sales […] [Read More]

The most American car on the market is electric — again. For the second year in a row, Tesla dominated the annual Made in America Auto Index, issued by American University’s Kogod School of Business. The EV brand claimed the top three spots in the rankings outright and had two more models tied for fourth. […] [Read More]

Privacy4Cars is going global. The privacy tech company announced it has launched a new set of privacy services and features to support international expansion. The additions include four new languages on Privacy4Cars’ vehicle privacy app, a European cloud portal for local clients with enhanced metrics and reporting capabilities, and the expansion of the company’s Vehicle […] [Read More]

Black Book’s observations of the auction lanes from the opening week of December included an overall wholesale price drop of 0.63%, which was an increase from the previous week but “remained consistent with typical seasonal expectations.” When looking closer at specific vehicle segments or aged units, analysts uncovered a quartet of other notable trends as […] [Read More]

TruVideo, a provider of artificial intelligence- and augmented reality-driven communication technology for the transportation industry, has secured a $40 million minority growth investment from TZP Growth Equity. The company said the strategic investment will fuel innovation, product development, customer service and market expansion. “This investment validates the quality of our innovation and the growth we […] [Read More]