A new study shows drivers in Manitoba need to make sure their collision insurance is up to date. Preszler Injury Lawyers’ analysis of Transport Canada’s 2022 data on road traffic injury reports found Manitoba has the highest rate of injuries, which the law firm said shows its residents have the greatest need for vehicle insurance. […] [Read More]

Automotive Properties Real Estate Investment Trust (REIT) announced it has completed the sale of a dealership property known as the Kennedy Lands in Markham, Ontario, to a member of the Dilawri Group. The $54 million sale was agreed to in July. Dilawri, which operates 82 dealerships in five provinces and the U.S. state of Virginia, […] [Read More]

Numa just got a $32 million boost. The artificial intelligence platform for auto dealerships announced a $32 million Series B funding round, led by Touring Capital, a growth-stage firm focused on AI-powered software, and Mitsui & Co., a global conglomerate that generates $1.2 billion in annual profit from automotive and mobility. Previous investors Costanoa Ventures, […] [Read More]

The last couple of years, automotive dealers were making record profits from car sales. Fast forward and we now find ourselves in a market with significantly increased inventories. Compared to a year ago, according to Cox Automotive, inventory is up by approximately 914,000 vehicles, which correlates to an increase in day supply from 57 to […] [Read More]

AutoClaimHelpers.com is looking to change the conversation when it comes to negotiating with customers looking to replace a totaled vehicle. The Toronto-based company, a division of Automall Network, said its North America-wide partner program allows dealers to enhance their customer service offerings at no charge while making it easier to attract new clients and retain […] [Read More]

automotiveMastermind wants to let car dealers look deeper into the minds of potential car buyers. The data and technology provider has launched new machine learning and predictive data algorithms in its Behavior Prediction Score, and has redesigned the Customer Deal Sheet user interface to make it easier to use. The changes, which are available to […] [Read More]

Hurricane Helene crashed into the Florida coast last Thursday, creating unprecedented damage in a wide swath of the Southeast. After reviewing data from the week that closed on Saturday, Black Book already noticed the wicked storm influencing the wholesale market, with analysts predicting additional impact to prices and more going forward. For now, Black Book […] [Read More]

Michigan State University Federal Credit Union (MSUFCU) is continuing in its “expansion phase” by partnering with Origence in a strategic collaboration to leverage Origence’s arc OS and arc DX platforms for both loans and account opening. Origence said the platform will enable MSUFCU to optimize its workflow, enhancing the member experience with a system that […] [Read More]

On Tuesday, the National Cybersecurity Alliance (NCA) and the Cybersecurity and Infrastructure Security Agency (CISA) launched the 21st annual Cybersecurity Awareness Month. Organizers said this year’s theme, “Secure Our World,” builds on the momentum from last year’s theme, highlighting basic cyber hygiene and the importance as technologies evolve, and shifting the focus toward the importance […] [Read More]

Officials from the U.S. Department of the Treasury and IRS on Tuesday highlighted they have given more than $2 billion in incentives toward the delivery of more than 300,000 “clean” vehicles so far this year. The agencies said they gave those incentives since Jan. 1 to be used for retailing of electric vehicles and hybrids. […] [Read More]