Joe Phelps has been promoted to general manager of America’s Auto Auction Richmond, America’s Group announced. Phelps, who has worked in the auction industry for more than 25 years, had been serving as national institutional operations manager for America’s Group, which includes America’s Auto Auction and AXLE Funding. “I’ve spent nearly three decades in this […] [Read More]

Group 1 Automotive made two acquisitions in the United Kingdom last week: a dealership and a CEO. The U.S.-based dealership group added Soper of Lincoln BMW/MINI in the county of Lincolnshire, north of London, to its extensive U.K. holdings. Group 1 said the acquisition is expected to generate approximately $125 million in annual revenue. Group […] [Read More]

DealNow launched last week to provide services that can enable secure and seamless online transactions for any vehicle, especially for private-party transactions. DealNow said its platform addresses the growing concerns surrounding person-to-person vehicle sales by providing escrow-like safeguards without the need for intermediaries. DealNow acknowledged traditional escrow services, while helpful, rely on human intervention to […] [Read More]

In North Carolina, particularly the half west of Greensboro, no sport outside of college basketball has as deep of roots as NASCAR. And in the aftermath of deadly and devastating Hurricane Helene, from those roots comes support as solid as an oak — thanks to two homegrown giants of the sport and the respective Charlotte-based […] [Read More]

Gubagoo, provider of digital retailing and conversational commerce for auto dealerships, has launched of Guba IQ, the latest enhancement of its ChatSmart tool. In a news release, the company said the artificial intelligence-powered Guba IQ was built in-house using OpenAI tools and is “fully trained” based automotive data from Gubagoo and its parent company, Reynolds […] [Read More]

The National Auto Auction Association announced its latest choice for its Industry Pioneer Award, a new memorial scholarship and donations on behalf of its outgoing president last week as it wrapped up the 2024 NAAA World Remarketing Convention in Orlando, Fla. Tribble selected as Industry Pioneer Larry Tribble Jr., chairman and owner of Southern Auto […] [Read More]

NETSOL Technologies rolled out its new unified Transcend Platform — an AI-powered digital retail and asset finance solution for automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers and financial institutions. The new NETSOL Transcend platform offers a broad set of products and solutions under one umbrella, showcasing the company’s commitment to harnessing the […] [Read More]

FlexPath’s VeriQual product recently integrated with platforms that can enable the creation of generative AI personas to boost identity verification and credit prequalification. FlexPath explained generative AI personas differ from traditional artificial intelligence avatars by using sophisticated generative AI technology to create personas that can learn, adapt and evolve based on user interactions. FlexPath said […] [Read More]

When her phone rang at the end of an auction sale last month, Debbie Stokes was in no mood to answer it. “I’m like smack dab in the middle of doing everything,” she recalled. “I look at my phone and it’s showing a number I didn’t have saved. “I’m like, ‘I don’t know who this is. Do I answer or do I not?’ Well, if I don’t answer I’m just going to have to call it back anyway, so I might as well just get this over with.” That turned out to be the right call ... [Read More]

Consumer Portfolio Services on Monday announced the successful integration of Informed.IQ’s Dealer Verify tool into its origination process. The subprime auto finance company said this advanced solution driven by artificial intelligence can enhance the dealer experience by automatically verifying stipulations, improving capture rates and reducing contracts in transit. CPS said it has consistently focused on […] [Read More]