The industry’s fight against fraud doesn’t appear to be getting any easier. Experian recently released its 2024 Future of Fraud Forecast, which identified five fraud threats consumers and businesses should be cautious of this year. Experts said today’s fraudsters are sophisticated and deploy the latest technology, such as generative artificial intelligence, to dupe consumers and […] [Read More]

On Tuesday, Open Lending Corp. gained its third partnership so far this month, aligning with insurance pricing solution provider Akur8 to complement its proprietary Lenders Protection platform. The provider of risk analytics solutions for financial institutions highlighted that this partnership leverages Akur8’s ability to produce fast and accurate predictive insurance pricing models. The company said […] [Read More]

Dealer Trade Network has unveiled its new headquarters. The new 17,500-square foot facility in Louisville, Ky.’s Eastpoint Business Center was officially opened Tuesday with a grand opening and ribbon-cutting ceremony featuring a dedication proclamation by Mayor Craig Greenberg. Guests at the ceremony were given a tour of the building, which the company said showcased its […] [Read More]

There has been less than a percentage point of change in wholesale vehicle values since January, but prices are showing significant declines across the board when compared to early 2023. And this softening has occurred even though wholesale vehicle supply is “relatively tighter for this time of year,” Cox Automotive said in analysis accompanying a […] [Read More]

Classic country music fans might know the 1990 song by Vern Gosdin titled, “This Ain’t My First Rodeo.” Experienced used-car managers might be singing a similar tune while navigating by spring market signs, according to the latest wholesale market recap Black Book released on Tuesday. Black Book reported overall wholesale values dipped only 0.23%, while […] [Read More]

Consumer interest in electric vehicles has plateaued and dealers want some relief from pressure to sell them. That was the message that emerged from speakers during the J.D. Power Auto Summit earlier this month in Las Vegas. “Interest (in EVs) has been improving pretty nicely over the last few years, but it has kind of ... [Read More]

As the automotive industry hurtles towards 2024, service departments within dealerships are gearing up for a year of significant shifts and innovations. Here are three compelling predictions that are set to redefine the landscape for automotive dealership service departments in the coming year: Warranty revenue: An 8% surge outpacing customer pay growth 2024 is poised […] [Read More]

Carvana’s same-day vehicle delivery service, launched last summer, has continued its rapid expansion into 2024. The online used car retailer announced today that it is bringing the service to the Sacramento, Calif., area, making the state’s capital the latest market to offer delivery within hours of an online purchase of select vehicles. The company said […] [Read More]

The 2024 AutoTrader Awards, which celebrate some of the “best vehicles for Canadians,” honored five Grand Prix winners this year for the country’s most-trusted vehicles. That’s according to some of the country’s leading auto experts, as well as Canadian car shoppers. The five Grand Prix winners and their electric counterparts, if available, for the 2024 […] [Read More]

Wholesale Express is under new ownership — and set to expand its Eastern Canada business further across the country. The wholesale auto sales site for dealers has been purchased by an investor group made up of management and AshMark, and supported by CIBC, Highcrest Capital and Andy Le and John Konop, the company said in […] [Read More]