As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report, the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. Rising inventory levels, evolving consumer preferences, and the steady expansion of hybrid and electric vehicle (EV) sales continue to […] [Read More]

The American Recovery Association is in the closing days of accepting votes for nine industry awards that will be given at the 2025 North American Repossessors Summit. ARA will gather votes through Friday for the accolades, which will be announced during the April 23-25 event in Orlando, Fla. You can cast your vote for these […] [Read More]

Agora Data is now in the powersports business. The consumer fintech company specializing in advanced capital solutions and AI-driven loan performance analytics, has completed a $12 million transaction providing liquidity for Model Finance, a powersports finance company. This move represents Agora’s first transaction in the powersports sector, opening doors for further expansion into this specialized […] [Read More]

NextGear Capital is looking to expand its portfolio this year, so the provider of inventory finance solutions serving more than 17,000 independent dealers announced plans to add a new executive. Set to join the team as AVP of corporate operations and risk management on March 10 will be Rose Bryant, who will oversee all aspects […] [Read More]

Dealer Solutions & Design has a new look, a new website — and a new dealership asset management platform. DSD, a provider of fixed operations design, consultations, equipment specs, installation and project management for automotive facilities, said it has completed a rebrand that includes a refreshed website, a new logo, and the launch of cloud-based […] [Read More]

The modest springtime appreciation consignors and dealers see annually is already starting to surface, especially when examining some specific vehicles less than 2 years old. That’s one of the main findings from this week’s Market Insights from Black Book, which is also watching for price shifts that can be attributed to tariffs. All told, analysts […] [Read More]

CARFAX is introducing a new way for insurers to assess vehicle value and risk. The vehicle history report provider announced it has teamed with actuarial consulting firm Pinnacle Actuarial Resources to develop a score designed to “modernize and replace traditional vehicle symbols.” The CARFAX Vehicle Build Score uses the full 17-digit VIN to help insurers […] [Read More]

February is Heart Month, and Rick Case Automotive Group has made a contribution to help keep hearts beating. The Florida-based dealership group teamed with the American Heart Association to donate 250 CPR Anytime training kits to Joe DiMaggio Children’s Hospital in Hollywood, Fla., and Broward Health in Fort Lauderdale. “Our goal is to make sure […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

Ben Goodman is back with Byrider. According to a post on the company’s LinkedIn account, Byrider hired Goodman as its vice president of franchise operations and development. Goodman previously spent more than 11 years with Byrider in a variety of roles, including time as general manager of stores in Indiana and Ohio as well as […] [Read More]