About six weeks after announcing the acquisition, Cox Automotive said Monday it has completed its purchase of customer data platform and marketing automation company Fullpath. It’s a move that allows Cox to help dealers drive more efficiency, deals and profitability, along with bringing an “agentic approach” to innovation at the company, Cox Automotive president of […] [Read More]

It’s sure good to be a fintech nowadays. With many firms looking to move beyond payments to get into lending, investments and beyond, findings of the annual report authored by Boston Consulting Group (BCG) and FT Partners showed the world’s largest fintechs are now more profitable than at any point in the sector’s history. Researchers […] [Read More]

The Non-Prime Auto Financing Conference officially reaches its 30th anniversary on Tuesday. The National Automotive Finance Association is welcoming the industry to Irving, Texas, to celebrate with three days of what the organization is calling its “most interactive, engaging, and forward-looking events yet.” From artificial intelligence and economic trends to compliance, fraud, structured finance, and […] [Read More]

Catalyst IQ and JD Power each offered some clarity for why used-car retail prices are climbing even faster than ones for new models, which are just $30 below the record level seen in July 2023. And perhaps more importantly for dealerships, Catalyst IQ also provided six recommendations to help stores navigate affordability pressures potential buyers […] [Read More]

While many dealers have always “trusted their gut,” the old instinct-driven approach to buying used car inventory is quickly becoming obsolete. For decades, dealers relied on a familiar formula: when a vehicle sold, replace it with another one just like it. A midsize SUV leaves the lot? Buy another midsize SUV. A pickup sells quickly? […] [Read More]

When it comes to practical applications of artificial intelligence for car dealers, it’s a marathon, not a sprint. Or a “crawl, walk, run” approach, says QuoreAI founder and CEO Todd Smith. “There’s no (case where you) plug in AI and it’s magic,” Smith said in an interview on the sidelines of the J.D. Power Auto […] [Read More]

A $1,200 brake job or a $3,000 transmission repair could push a cash-strapped consumer already struggling to maintain their monthly car payment into some dire financial straits. So, Klarna, a global digital bank and flexible payments provider, is partnering with Tekion to bring additional payment options to dealership service departments across the U.S. Tekion Pay, […] [Read More]

As contract terms keep stretching throughout auto financing, Experian is seeing a gradual increase in the subprime segment, too. According to Experian’s State of the Automotive Finance Market Report: Q1 2026 released on Thursday, subprime consumers made up 15.75% of total vehicle financing booked during the first quarter. That level represented an increase from 14.40% […] [Read More]

Carfax Canada has taken another step to help Canadian independent dealers in the battle against VIN cloning. The provider of vehicle history reports and valuation information announced it has expanded its collaboration with the Used Car Dealers Association of Ontario to integrate its VIN Fraud Check tool directly into UCDA’s dealer member portal. “Dealers are […] [Read More]

One of the world’s top Honda operations is going mobile — for service customers. Paragon Honda, Paragon Acura and White Plains Honda, all led by Brian Benstock, have partnered with mobile service platform Curbee to deliver select dealership-certified mobile vehicle maintenance and repair services on demand to customers in their driveways. The three New York […] [Read More]