Two online wholesale vehicle marketplaces had satisfying third-quarter results and touted their technological advantages as their strongpoints, with artificial intelligence looming large. They continued to face inventory headwinds, however, and that's an issue that is expected to continue for at least several more quarters. OPENLANE reported third quarter revenue of ... [Read More]

Black Book highlighted a trio of trends in its latest installment of Market Insights that could be favorable for dealers as they navigate the last 45 days of 2024. Analysts said wholesale prices softened another 0.54% last week, while the auction conversion remained stable at 58% for the third straight week. Furthermore, Black Book noticed […] [Read More]

Drive Pink has shifted into high gear. AutoNation has launched its eighth annual DRV PNK Across America campaign, a nationwide series of events that serves as the highlight of the company’s year-round commitment to supporting cancer-fighting organizations and cancer-related causes. The DRV PNK initiative has donated and raised more than $40 million to advance cancer […] [Read More]

Another Megasite, another new market for Carvana’s same-day vehicle delivery. The online used-car retailer announced Las Vegas has become the latest market to offer select customers the opportunity to take delivery of their vehicle as soon as the same day they place an order on Carvana.com. Las Vegas is also home to the company’s third […] [Read More]

Both Equifax and TransUnion discussed delinquency in auto finance this week, with one of the credit bureaus highlighting the rate associated with subprime used-car paper booked less than a year ago. TransUnion indicated that serious consumer-level delinquency rates — contracts that are 60 days or more past due — stood at 1.6% overall in Q3. […] [Read More]

SavvyMoney announced a significant expansion of its partnership with Origence on Wednesday. The provider of credit score solutions and the technology solutions provider for credit unions said their collaboration now integrates SavvyMoney’s Pre-Approval Solution into Origence’s arc OS loan and account origination system, augmenting the digital process for credit unions. “Our expanded collaboration with Origence […] [Read More]

Consumers might be shopping for their next auto insurance carrier with as much zeal as their next vehicle or finance provider. The third quarter saw a big spike in shopping for both auto and property insurance, according to a report released by TransUnion on Wednesday. TransUnion said auto insurance shopping was up 19%, while property […] [Read More]

Endurance on Tuesday announced the launch of its social impact initiative, Endurance Cares, with two donations totaling $20,000. The provider of auto protection plans in the U.S. said these contributions are part of Endurance Cares’ mission to foster community growth and opportunity through impactful giving. Endurance highlighted the ASE Education Foundation received $10,000 to support […] [Read More]

The Dealertrack Credit Availability Index in October posted the largest month-over-month increase in auto credit access since March 2022. Cox Automotive reported this week that the index reading came in at 94.5 in October, up 2.2% from the September reading and a second consecutive month of easing after tightening through the summer. While the sequential […] [Read More]

Holman is doubling down on WEX. WEX, a global commerce platform designed to simplify the business of running a business, announced it has extended its agreement with Holman, one of North America’s largest integrated automotive service companies, through 2030. The deal continues a partnership of more than 30 years between the companies in the U.S., […] [Read More]