Set for purchase and shipping to users this month, PassTime on Monday announced the launch of Encore 5, the fifth generation of the company’s platform for location solutions specializing in asset tracking. PassTime described Encore 5 as its “boldest upgrade yet” with enhancements to the device hardware and feature set. Launched more than six years […] [Read More]

This wasn’t the first year Jim Ellis Automotive Group has held its annual CPO Product Presentation Walk-Around competition. However, it was one of the best attended. In its ninth year, the event, held on Nov. 6, was dedicated to veterans, a cause that organizers said drew a sizeable crowd. What began as a walk-around competition […] [Read More]

On Wednesday, the Federal Reserve lowered the federal funds rate for the third time this year, reducing the range to 3.5% to 3.75%. The latest Cox Automotive Dealer Sentiment Index showed the economy remains the top factor holding back business, increasing significantly in the fourth quarter, with 51% of dealers citing it, up from 44% […] [Read More]

RPM Freight Systems announced an acquisition that expands the company into such corporate fleet services as driveaway, vehicle storage and titling and registration. RPM, a non-asset-based logistics and supply chain solutions company, said Tuesday it has purchased Professional Automotive Relocation Services. “We are thrilled to have the support of Trive Capital and BlueJay Capital in […] [Read More]

Wednesday also meant there were exactly three weeks left in 2025. And what Black Book noticed in the wholesale market last week reflected what auctions, consignors and dealers typically experience when there’s only that much time left on the calendar. According to the newest installment of Market Insights, wholesale prices retreated by 0.78% as the […] [Read More]

Kia’s EasyBuy digital retailing system is ready to grow. During the automaker’s national dealer meeting last month in Las Vegas, CarNow, the digital retail software provider that powers EasyBuy, announced the expansion of the program to include Dealer.com dealerships, and said more digital retail providers will be added in 2026. In a news release, CarNow […] [Read More]

Auction Academy president Penny Wanna is leaving 2025 feeling energized about the executive development program. The academy’s 14th year included the culmination of one class and the beginning of the next, as well as new sponsors and industry awards, all of which Auction Academy said reflects its “commitment to leadership development, innovation and collaboration” in […] [Read More]

Drawing standing-room-only attendance in the second-largest setting at Used Car Week 2025, Ryan Miller led a six-executive panel session that focused on one of the most complex challenges in all of repossessions and recoveries. Now available through this episode of the Auto Remarketing Podcast, a lively discussion about keys for repossessed vehicles included: —Matthew Yoo […] [Read More]

Automakers are certainly integrating sophisticated performance and safety technologies into vehicles. But the technology fueling their captive finance companies isn’t quite to that level, according to the J.D. Power 2025 U.S. Automotive Finance Digital Experience Study. Researchers found that automotive finance mobile app performance has improved industry-wide this year, but captive lenders are still “far […] [Read More]

Exotic vehicles are often engineered to drive fast. LLP Exotic Auto Finance is collaborating with ACI Worldwide to bring the same speed to vehicle leasing for bill payments and more. On Tuesday, the leasing company specializing in top-of-the-line luxury and exotic cars said it has partnered with ACI Speedpay to drive strategic business growth, increase […] [Read More]