The wholesale car market isn’t done dealing with tariffs, but it appears some of the sharpest impacts have passed. Analyses of monthly used-car price indices addressed those patterns and impacts, while also forecasting what could be in store for wholesale values over the summer. Cox Automotive’s Manheim Used Vehicle Value Index came in at 205.2 […] [Read More]

CarGurus is upping its AI game. The digital car-shopping platform has released its artificial intelligence-powered search, designed to deliver “a more personalized and intuitive car-shopping experience” embedded directly into the CarGurus website. In a news release, the company said car buyers can now use conversational search paired with auto intelligence and real-time vehicle data to […] [Read More]

Lithia & Driveway is handing Pinewood Technologies Group the keys to their North American joint venture. The companies announced the U.K.-based software provider has acquired Lithia’s controlling 51% stake in the operation in a $76.5 million transaction with LAD subsidiary Lithia UK Holdings Limited. The deal also includes a five-year commitment to using the Pinewood […] [Read More]

New-car inventory is falling while prices are elevated and likely to rise more as the tariff era continues. And that’s good news for the used-car sector. Used sales jumped almost 4% in May to their second-highest monthly total in more than a year as consumers turned to more affordable used options, according to new data […] [Read More]

Go Auto is definitely on the go. The Edmonton-based dealership group announced it has acquired two dealerships in Richmond, B.C., just two weeks after adding Downtown Kia in Vancouver to its portfolio. With the acquisition of Richmond Subaru and Kia Richmond from Tom Glen of Olympic Auto Group, Go Auto now operates 70 locations in […] [Read More]

Toma, a provider of AI agents for auto dealerships, announced a $17 million investment from a group that includes Holman Automotive Group and Car Dealership Guy founder Yossi Levi. The investors are led by Andreessen Horowitz, and other participants include Y Combinator, Flex Capital, Scale Angels, and Turing.com founders Jonathan Siddharth and Vijay Krishnan. Toma’s […] [Read More]

QoreAI CEO Todd Smith interacts with dealerships regularly that either scoff at artificial intelligence or fear it more than a potential buyer walking away from accepting the car deal and delivery at the closing stage. To help dealerships that fall into both of those categories, Smith recently released The Dealership AI Security Guidebook. He highlighted […] [Read More]

The automotive dealership model is constantly facing change, especially in the types of vehicles retailers can service. In particular, as the commercial vehicle market shifts toward opportunities for electrification within their vehicle fleets, local dealerships are being called upon to do more than sell vehicles. They must become strategic partners in their customers’ sustainability journeys […] [Read More]

A New York-area dealership illustrated its commitment to its local community with a contribution aimed at supporting its youth. Rockland Nissan in Blauvelt, N.Y., donated $2,500 to Big Brothers Big Sisters of Rockland County for the organization’s mentorship programs, empowering young people and providing them with the tools to succeed. “Community support is at the […] [Read More]

The former global chief marketing officer of General Motors is now helping Safe-Guard Products International. This week, the platform provider of private label protection products for the automotive, RV, marine, and powersports industries announced the appointment of Deborah Wahl to its board of directors. Safe-Guard highlighted Wahl brings decades of executive marketing leadership from some […] [Read More]