The latest numbers from Cars Commerce show a new-car market in flux, with prices falling as excess inventory builds up. In the used-car world, on the other hand, all is calm and steady. Car Commerce’s September Industry Insights Report paints a serene picture of the used-car market, with prices having stabilized over the past six […] [Read More]

Used-car profits soared during the pandemic. But as the market turns the corner toward the end of 2024, “used vehicles may be finding their new normal on profitability.” That’s just one key finding from the latest quarterly Presidio-NCM Average Dealership Performance Benchmark Report, which found that, pre-owned or otherwise, “the downward spiral in profitability for […] [Read More]

What is this thing called love? It’s a question that’s been asked by philosophers, poets and songwriters throughout the ages — and everyone’s answer is different. iSeeCars’ solution — at least when it comes to car owners’ feelings about their vehicles — is to look at it by the numbers. When a car’s original owner […] [Read More]

WarrCloud — which has an automated warranty processing platform and was the winner of the NAVIcon Cup during Used Car Week 2022 — announced this week that it has raised $20 million in Series B funds. According to a news release, WarrCloud will use the funds to further develop its artificial intelligence capabilities with a […] [Read More]

Where a Megasite arises, Carvana’s same-day vehicle delivery service is soon to follow. The online used-car retailer introduced Houston as the latest market in which select customers can take delivery of a vehicle purchase as soon as the same day they place an order on Carvana.com. Not coincidentally, it’s also the location of a Carvana […] [Read More]

In 2022, Hurricane Ian damaged upwards of 358,000 vehicles throughout several states, according to CARFAX. After the devastation of hurricanes Helene and Milton in the Southeast, this year is already approaching similar numbers. CARFAX estimates that the 2024 hurricane season has resulted in approximately 347,000 vehicles with flood damage so far. After Hurricane Helene damaged […] [Read More]

Truist Financial Corp. rolled out a new solution last week designed to empower its wholesale payments clients with greater control and efficiency over their billing and payment operations. The bank said its electronic bill presentment and payment platform will provide a modern approach to managing payments, streamlining operations, improving client satisfaction and driving growth. Truist […] [Read More]

Here’s another way you can keep your client and customer information secure. TrustCloud has launched the TrustCloud Quantum Vault, a state-of-the-art custody solution incorporating post-quantum encryption technology. Now available in the DocuSign App Center, TrustCloud highlighted this innovative offering “sets a new standard for secure digital storing, document preservation, and evidence archiving and management.” By […] [Read More]

On Tuesday, Nordis Technologies appointed Jennifer Friday as vice president of product. In this role, Friday will manage Nordis’ product development roadmap and expanding suite of innovative solutions that increase clients’ revenues and market competitiveness by improving customer experience, repeat business and payments. Friday has held leadership positions in product development as well as project […] [Read More]

Bain & Co. is reinforcing its commitment to artificial intelligence. The global consultancy recently announced an expanded partnership with OpenAI — the maker of ChatGPT and frontier AI models such as GPT 4o and the new OpenAI o1 — to accelerate AI’s transformative impact in the world’s top companies. Bain and OpenAI have been collaborating […] [Read More]