IDScan.net and GOLDPoint Systems are now working together. The provider of adaptive artificial intelligence-based identity verification and document authentication on Tuesday announced a new partnership with the provider of loan origination, loan servicing, and loan securitization software. The integration leverages IDScan.net digital identity verification (DIVE) software into GOLDPoint’s suite of lending tools to support more […] [Read More]

Suspicions are intensifying about the current health of auto finance, especially within the subprime space stemming from the bankruptcy filings of Tricolor Holdings and PrimaLend. For example, the first question from an investment analyst during Carvana’s quarterly conference call last week focused on its outstanding portfolio. And Cox Automotive chief economist Jonathan Smoke wrote an […] [Read More]

The appetite for electric vehicles hasn’t evaporated. Far from it. It’s just that now, with the $7,500 tax credit having expired, the demand that exists (albeit smaller) is more genuine interest and “less deal-driven.” Or as Jessica Caldwell of Edmunds put it in an analysis, perhaps alluding to the most electric of singer-songwriters, EVs have […] [Read More]

Sonic Automotive’s third-quarter earnings report revealed its strongest quarter for franchised dealer revenues in the history of the dealer group, but the picture painted by results for its used-only brand — EchoPark Automotive —wasn’t quite as rosy, mainly due to expected pressure on vehicle gross margins and unexpected off-rental supply headwinds. The dealer group’s used-only […] [Read More]

When it comes to customer service, CarMax is No. 1. The national used-car retailer was selected by Newsweek as the nation’s top online automotive marketplace in the magazine’s America’s Best Customer Service 2026 list. CarMax won the honor with a score of 87.09, ahead of Autotrader (85.84), Cars.com (84.85), Carvana (84.35) and CarGurus (83.55). The […] [Read More]

Perhaps if you don’t use artificial intelligence regularly, you’ve probably still heard about ChatGPT. Well, here comes LotGPT, an AI advisor that puts Lotlinx’s intelligence directly in dealers’ hands. Fueled by Lotlinx’s decades of VIN-level and shopper data, the company highlighted LotGPT can deliver answers, insights and automations that can enable dealers to merchandise smarter, […] [Read More]

Carvana is now the official auto retailer of Stanford athletics, thanks to a multi-year partnership with Stanford University’s athletic department. In a news release, the online used-car retailer said it will bring its “customer-first, tech-driven approach to the Cardinal campus, celebrating Stanford’s legacy of athletic tradition, academic excellence and engaged community.” Stanford claims the title […] [Read More]

Asbury Automotive Group had a strong third quarter, but used vehicles were a weak spot. That’s the area the group sees the most room for improvement, said an executive on the earnings call. “We see our performance in used vehicles as our biggest opportunity to improve execution,” Asbury vice president of operations Paul Whatley said. […] [Read More]

America’s Car-Mart closed the month with an important deal to solidify its long-term finances. On Thursday, the buy-here, pay-here dealership chain announced the closing of a new five-year, $300 million funded term loan facility provided by funds managed by Silver Point Capital. In connection with this transaction, Car-Mart said it fully repaid the outstanding balance […] [Read More]

Three quarters through a year of uncertainty, the Canadian used-vehicle market has finally reached … well, OK, there’s still uncertainty. But according to the latest analysis from AutoTrader, the market is steadier than it’s been since the beginning of 2025. AutoTrader’s Q3 2025 Price Index report found the “tariff-rush” that drove consumers to accelerate their […] [Read More]