Experts are closely monitoring what’s happening with lower-income consumers, which are often served by subprime auto finance companies. New research from the Federal Reserve Bank of Philadelphia as well as Fitch Ratings’ expectations about asset-backed securities are two examples of observations to surface in recent days. When examining securities on a global scale, Fitch Ratings […] [Read More]

Automakers issued 96 recall campaigns in the third quarter, covering nearly 8.5 million vehicles, according to the latest report from BizzyCar. To help dealerships handle a potential swell of incoming calls from those recalls, Car Wars expanded capabilities of Cari, its scheduler run by artificial intelligence. The provider of innovative phone solutions for automotive dealerships […] [Read More]

Retail prices of used vehicles are rising considerably faster than wholesale prices, with the gap between them approaching $15,000. That’s according to J.D. Power’s Used Market Update for October, which found the difference between wholesale and retail used-car prices has moved northward for much of 2025, reaching $14,747 in September. As recently as 2021, the […] [Read More]

Cox Automotive has developed an omnichannel digital retail platform that allows complete online transactions on sellers’ sites and third-party marketplaces simultaneously, the company said Monday. This allows retailers to provide full ecommerce capabilities on their own website while at the same time allowing direct purchase via Autotrader and Kelley Blue Book. Among the retailers using […] [Read More]

Dealer Services Network (DSN), a technology-enabled provider of title and registration services for mobility customers, broadened its Florida footprint. On Monday, DSN announced the opening of its newest private tag agency serving Polk County residents. Express Auto Tags of North Lakeland, located at 4933 U.S. Highway 98 North in Lakeland, Fla., the agency offers expanded […] [Read More]

For the second time in a little more than a month, Credit Acceptance filed a form 8-K with the Securities and Exchange Commission to respond to “select inquiries” that the subprime auto finance companies has received through Monday. The one on Sept. 15 focused on the percentage of Credit Acceptance’s portfolio and new originations that […] [Read More]

Fraud is sprouting throughout automotive, so Modives is doing what it can in the individual identity and car insurance spaces. On Monday, Modives announced results six months after leveraging IDScan.netʼs Digital Identity Verification Engine (DIVE) for identity verification in CheckMyDriver, which is Modives’ application for auto transactions. Modivesʼ results showed that 22.5% of auto transactions […] [Read More]

America’s Group said Monday it has launched a leadership development program to prepare future managers throughout the company’s auction network. The program, called America’s University, is a “deeper, more comprehensive step beyond” America’s Group’s existing Leadership Journey program, the company said. It aims to provide emerging leaders at America’s with the know-how they will need […] [Read More]

Jimmy Douglas, who is the founder of Plug, an online wholesale auction for electric vehicles only, believes the used EV market presents both challenges and opportunities for dealers. Larger numbers of off-lease EVs are returning to the market starting this year, depressing used EV prices and residual values, he said. And on top of that, […] [Read More]

You want to find the least expensive place to buy and own a car. Where are you headed? To the Midwest, according to a study by National Business Capital. The business lending platform’s analysis of the full cost of buying and owning a typical vehicle — from the purchase price, sales tax and insurance to […] [Read More]