Along with taking an overall look at monthly payments and delinquency, the auto portion of the Q3 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion detailed a metric that might illustrate the callbacks, dialogue and negotiations that dealerships and finance companies are having to get some car buyers into a contract agreeable for all […] [Read More]

For an ad emphasizing speed, Carvana found a pretty good spokesman. Seven-time NASCAR Cup Series champion Jimmie Johnson is featured in a new commercial touting Carvana’s same-day vehicle delivery service, which allows select customers to receive their car in less than 24 hours after placing an order on carvana.com. The service, which was introduced in […] [Read More]

Many electric vehicle skeptics are reluctant to consider the purchase of an EV until the availability of chargers is equivalent to that of gasoline stations. But that 1-to-1 ratio of charger availability to gas stations mindset tends to disappear among actual EV owners who live in single-family homes because many EV owners typically use EV home chargers to charge their vehicles overnight. That’s noteworthy because 53% of Americans ... [Read More]

Carfluent, an artificial intelligence-driven website technology designed to connect car dealers with Spanish-speaking customers, has named former DealerFire and DealerSocket executive Aaron Schinke as its chief growth officer. The company said Schinke, who most recently served as CEO of software development firm Lincoln Labs, has a track record of leading teams and driving growth, and […] [Read More]

The tools of an automotive technician have evolved way beyond wrenches. A survey conducted by Anyline, a provider of artificial intelligence-powered data-capture software, found 70% of technicians said at least half of their daily tasks depend on some level of technology, and 68% feel comfortable using advanced digital diagnostic tools. In a news release, the […] [Read More]

Previously, 700Credit examined how much fraud might be happening at motorcycle dealerships, so the provider of credit reports, compliance solutions, soft pull and identity verification products decided to examine what’s going on with RV retailers. And, unfortunately, 700Credit found similar patterns when compiling results generated from an industry-wide survey of RV dealers and their processes […] [Read More]

Commissioner Melissa Holyoak represented the Federal Trade Commission last week at the Freedom from Fraud event presented to Utah’s Pacific-Islander community. After sharing what she called “sobering statistics,” Holyoak delved into multiple ways the FTC tries to curb fraud, drilling deeper into what she called debt relief or debt collection scams. She said that’s “where […] [Read More]

Some 215,000 electric vehicles are expected to come off lease in 2026, which would be a 230% year-over-year rise following an expected 2% decline in 2025, according to J.D. Power. That’s part of what appears to be a “complicated” market for used EVs going forward — one that hinges on governmental policies, OEM decisions and other tentacles, the company said in its E-Vision Intelligence Report for October. Driving this expected off-lease surge of EVs is ... [Read More]

October is typically not a strong month for wholesale vehicle prices, and this year was no exception. However, conversion rates at the auction were solid last month as dealers were competitively snatching up inventory. That’s the latest from industry observers who released their respective monthly wholesale price indices this week. Starting with Cox Automotive, its […] [Read More]

Ed Morse, founder of the Ed Morse Automotive Group, was posthumously inducted into the Florida Automobile Dealers Association Dealer Hall of Fame in a ceremony Thursday night at the at the Waldorf Astoria in Orlando. Morse, who died in 2012, was among 10 members of the Hall’s second class of inductees. The Hall was inaugurated […] [Read More]