Carfluent, an artificial intelligence-driven website technology designed to connect car dealers with Spanish-speaking customers, has named former DealerFire and DealerSocket executive Aaron Schinke as its chief growth officer. The company said Schinke, who most recently served as CEO of software development firm Lincoln Labs, has a track record of leading teams and driving growth, and […] [Read More]

The tools of an automotive technician have evolved way beyond wrenches. A survey conducted by Anyline, a provider of artificial intelligence-powered data-capture software, found 70% of technicians said at least half of their daily tasks depend on some level of technology, and 68% feel comfortable using advanced digital diagnostic tools. In a news release, the […] [Read More]

Previously, 700Credit examined how much fraud might be happening at motorcycle dealerships, so the provider of credit reports, compliance solutions, soft pull and identity verification products decided to examine what’s going on with RV retailers. And, unfortunately, 700Credit found similar patterns when compiling results generated from an industry-wide survey of RV dealers and their processes […] [Read More]

Commissioner Melissa Holyoak represented the Federal Trade Commission last week at the Freedom from Fraud event presented to Utah’s Pacific-Islander community. After sharing what she called “sobering statistics,” Holyoak delved into multiple ways the FTC tries to curb fraud, drilling deeper into what she called debt relief or debt collection scams. She said that’s “where […] [Read More]

Some 215,000 electric vehicles are expected to come off lease in 2026, which would be a 230% year-over-year rise following an expected 2% decline in 2025, according to J.D. Power. That’s part of what appears to be a “complicated” market for used EVs going forward — one that hinges on governmental policies, OEM decisions and other tentacles, the company said in its E-Vision Intelligence Report for October. Driving this expected off-lease surge of EVs is ... [Read More]

October is typically not a strong month for wholesale vehicle prices, and this year was no exception. However, conversion rates at the auction were solid last month as dealers were competitively snatching up inventory. That’s the latest from industry observers who released their respective monthly wholesale price indices this week. Starting with Cox Automotive, its […] [Read More]

Ed Morse, founder of the Ed Morse Automotive Group, was posthumously inducted into the Florida Automobile Dealers Association Dealer Hall of Fame in a ceremony Thursday night at the at the Waldorf Astoria in Orlando. Morse, who died in 2012, was among 10 members of the Hall’s second class of inductees. The Hall was inaugurated […] [Read More]

To celebrate the 25th anniversary of Used Car Week, Cherokee Media Group has launched the UCW Hall of Fame to recognize executives who have played an important role in the development, growth and success of Used Car Week. Steve Kapusta of Ally SmartAuction, Jeremiah Wheeler of DRN | MVTRAC | SCM and Marguerite Watanabe of […] [Read More]

It’s been a busy week. Donald Trump claimed victory in his bid to return to the White House on Tuesday, and the Federal Reserve cut interest rates again on Thursday. Those developments might not directly impact the vehicles your dealership turns and your finance company underwrites in the immediate future. But experts from inside and […] [Read More]

Five economic factors combined in pushing bankruptcy filings higher again, as the streak of increases now stands at 27 months in a row. According to data provided by Epiq AACER on Tuesday, total bankruptcy filings came in at 47,104 in October, representing a 16% increase from last October’s total of 40,674. Analysts reported individual bankruptcy […] [Read More]