The Canadian wholesale, vehicle market depreciated by about a half a percent last week, according to the latest report from Canadian Black Book. Overall wholesale prices fell by 0.52% last week. Cars saw a more significant decline, dropping by 0.70%, while trucks and SUVs fell by 0.34%. None of the segments CBB tracks saw any […] [Read More]

If you’re looking for a used car, CarGurus has just the vehicle for you — and just in time. The 10th-generation Honda Accord came out on top in the online automotive shopping platform’s 2024 Best Used Car Awards, earning the title of Used Car of the Year as judged by CarGurus’ panel of reviewers. CarGurus […] [Read More]

SYCN Auto Logistics has added Karen Gerba as vice president of relocation division sales and partnerships. Gerba joins the company with more than 30 years in the global mobility industry, specializing in partnership engagements for corporate clients, relocation management firms and global supply chains. “Karen’s exceptional reputation and experience in the relocation space, coupled with […] [Read More]

The latest wholesale market updates from ADESA US Analytical Services and Black Book both mentioned the same new-car market trend potentially influencing what might happen next at auctions. Experts at each firm noted money is being slapped on the hood again to get new models delivered. So, what are consignors and dealers currently doing in […] [Read More]

Cars Commerce announced its “instant appraisal engine,” AccuTrade, has been selected by FordDirect as its preferred vehicle acquisition and trade and appraisal solution. AccuTrade becomes the latest tool offered in The Shop, FordDirect’s newly launched e-commerce platform for more than 3,000 Ford dealers and Lincoln retailers. AccuTrade is designed to speed transaction time by enabling […] [Read More]

Auto Link, a fintech and marketing company serving more than 200 financial institutions, signed eight new credit unions during the fourth quarter to use its auto search and marketing solution. The credit unions now using the white-labeled tool to compete with larger banks and finance companies include: —Community One Credit Union of Ohio based in […] [Read More]

Solutions by Text (SBT), an enterprise messaging and payments platform for consumer finance businesses, recently finalized a partnership with Prodigal, which offers artificial intelligence-powered consumer finance intelligence. At a time when businesses are increasingly recognizing the importance of leveraging data for strategic decision-making, the companies highlighted this collaboration makes Prodigal’s ability to deliver real-time information […] [Read More]

On Tuesday, OfferLogix announced a strategic partnership with Fullpath to upgrade the vehicle search process for consumers with an eye toward what many shoppers consider to be most important — their potential monthly payment. This collaboration aims to elevate Fullpath’s customer data platform (CDP) by integrating a robust artificial intelligence equity mining engine with OfferLogix’s […] [Read More]

Service Credit Union and Mountain America Credit Union both recently highlighted philanthropic efforts to push benefiting organizations toward fund-raising goals surpassing $500,000. Beginning first in Portsmouth, N.H., Service Credit Union has teamed up with Charlie McAvoy, a star defenseman who wears No. 73 on his hockey uniform for the Boston Bruins. They’re now working together […] [Read More]

A young dealer has her name on a dealership for the first time. Kate Faupel Grealish, who grew up in the car business as the daughter of dealer Ron Faupel and began working in his dealership at age 15, is now the proud owner of Kate Faupel Ford in Henderson, Ky. — not far from […] [Read More]