In an often volatile market, Canadian wholesale used-car prices were remarkably stable — at least for a week. Values for the car segments tracked by Canadian Black Book’s weekly Market Insights report fell just 0.04% for the week ending July 5, but what’s more remarkable is how consistently flat they were. None of the nine […] [Read More]

Used electric vehicles are breaking sales records seemingly every week in both the retail and wholesale sectors. So it’s no surprise that two more fell in the second quarter of 2025. During its Q2 Manheim Used Vehicle Value Index call this week, Cox Automotive noted retail sales of used EVs for the quarter surpassed 100,000 […] [Read More]

ServiceUp, an all-in-one tech platform to help fleets and insurers manage vehicle repairs, has raised $55 million in Series B funding. According to a news release distributed on Wednesday, the round was led by PeakSpan Capital, with participation from existing investors Hearst Ventures, Trestle Partners, Capital Midwest Fund, and Litquidity Ventures. This brings the company’s […] [Read More]

For the second time in less than two months, Vehlo made an acquisition. The provider of integrated software and financial solutions for the automotive repair industry on Wednesday announced its acquisition of Total Customer Connect (TCC), a provider of customer retention and service lane technology for automotive dealerships. In late May, Vehlo acquired Dealer Pay, […] [Read More]

Perhaps some dealers didn’t rest much last week, which included the Fourth of July. With the holiday in mind, Black Book experts weren’t surprised when they assembled the newest wholesale data for their latest installment of Market Insights. Black Book reported overall wholesale values dipped by 0.25%, but last week’s auction conversion rate ticked up […] [Read More]

For agents, 50 states can mean as many as 50 different sets of regulations to follow when repossessing vehicles. To help them handle those potential complexities, the American Recovery Association launched what it called a “groundbreaking” resource on Wednesday. Called the 50-State Solution, it’s a comprehensive digital resource that provides updates about repossession laws and […] [Read More]

Santander Consumer USA wants to help more dealers reach potential buyers who need financing to complete delivery, so the company launched Drive Together, a digital retail tool and expansion of Santander’s Drive offering. According to a news release, the enhancement provides pre-qualification resources to support a broad range of customer and dealer needs. Santander said […] [Read More]

Affordability is the top reason consumers are leasing vehicles. That assertion surfaced from a new Credit Union Leasing of America (CULA) survey of consumers at the beginning and at the end of their leases, with the majority saying they would lease again. The survey showed vehicle leasing’s shorter terms also played a role for these […] [Read More]

NETSOL Technologies tapped another former leader with a European automaker to help guide the provider of artificial intelligence-powered solutions and services enabling OEMs, dealerships and financial institutions to sell, finance and lease assets Appointed to the company’s board of directors effective July 1 was Ian Smith, who previously served as chief executive officer for BMW […] [Read More]

With Kacy Daugherty now serving as chief operating officer and additional new hires in place, FlexPath DXP is accelerating its market expansion with VeriQual, following a fully subscribed funding round. According to a news release, the funding round, backed by a franchised dealer group, will fuel go-to-market efforts for VeriQual, a patent-pending identity verification and […] [Read More]