Welcome to this week — same as the last week. Canadian Black Book’s Market Insights report for the week ending July 23 wasn’t much different than the previous one, not to mention many others in recent months, with wholesale values falling. The current report shows prices down 0.37% overall, slightly less of a decline than […] [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto features a session about how dealers can use TikTok. While videos on that social media platform last only a couple minutes, Miranda Pyette — founder and lead automotive marketing consultant with Purpose Automotive — spends much longer […] [Read More]

It’s never too early — or is it late? — for Christmas, especially when a good cause is involved. Huffines Auto Dealerships, which operates 10 locations in North Texas, celebrated “Christmas in July” to benefit Children’s Health, a local pediatric health system. The event concluded this week with a donation of some 600 toys and […] [Read More]

Click-Ins has partnered with vehicle delivery service Draiver to provide its artificial intelligence-driven vehicle inspections to Draiver’s customers in various automotive verticals in the U.S. and internationally. Click-Ins uses AI, synthetic data and other technologies to provide visualizations of vehicle damage from mobile devices with detailed condition reports delivered in minutes, the company said. It’s […] [Read More]

Work Truck Solutions released its Q2 2024 commercial vehicle market analysis on Tuesday, highlighting that the sales of used units increased for the first time since Q1 2023. While its data pinpointed a 2.9% lift quarter-over-quarter, Work Truck Solutions pointed out that used sales are still off by 17.6% year-over-year. Within the new market, Work […] [Read More]

Next up on our series of shows from the Canada’s Used Car Week Podcast Stage is a conversation with Guy Potvin, digital success manager at iPacket. Potvin discusses his CUCW presentation on how “Informed Buyers are Driving the Future of Retail,” explaining the type of information car buyers want and how dealers should provide that […] [Read More]

It wasn’t long ago that the new-vehicle supply was so dire that rental-car companies were becoming buyers in the wholesale market rather than sellers. But with the mid-pandemic new-car production issues largely squared away, rental car volume in the wholesale market has bounced back the last three years. Though unlikely their numbers will reach pre-pandemic levels ... [Read More]

With Cox Automotive chief economist Jonathan Smoke making note of them this week, vehicle repossessions might be an even higher priority for finance companies nowadays. To help with the situation, Loanbridge.AI and AutoSquared.AI reiterated their partnership is aimed to improve how contracts are managed, risks are assessed, and assets are recovered Loanbridge.AI can bring real-time […] [Read More]

Artificial intelligence has the attention of regulators both in the U.S. and Europe. The latest example of why arrived on Tuesday when the Federal Trade Commission, alongside international antitrust enforcers and the Department of Justice, Antitrust Division, issued a statement affirming a commitment to protecting competition across the AI ecosystem. The goal is to ensure […] [Read More]

Cox Automotive chief economist Jonathan Smoke squeezed in an online video update about auto financing while also being a keynote presenter in San Antonio this week for the Texas Independent Automobile Dealers Association’s annual convention. Citing data collected via Dealertrack, Smoke reported the average rate for used-car financing booked so far this month has increased […] [Read More]