Used cars are a hot item these days — even as their prices skyrocket. The latest data from CARFAX shows a surge in both used-car sales and prices that far outpaces typical seasonal patterns. The provider of vehicle history reports said the rate of increase in both areas so far this spring is twice that […] [Read More]

Autocorp.ai has partnered with Canadian Black Book to launch a new tool to help Canadian dealerships identify vehicles that fit their customers’ financial situation. AVA MatchBook provides automation designed to match lender approvals with dealership inventory to save time and maximize profit on deals. The tool uses CBB’s data — used by all major Canadian […] [Read More]

When it comes to awards, it seems HGreg is already having a banner year. The Québec-based dealership group announced this week it has been nominated for a 2024 Laureate Award in the Business Innovation category. The award, presented by the Canadian Automobile Dealers Association and iA Dealer Services, recognizes the achievements of Canada’s best new […] [Read More]

While President Trump has high hopes for the economic future, it might now be challenging getting vehicles delivered and contracts booked. Why? Perhaps it’s because the industry is facing plenty of consumer headwinds, including what Cox Automotive chief economist Jonathan Smoke shared on Monday. Smoke said consumers’ views of buying conditions for vehicles declined to […] [Read More]

Last month was the strongest March for auto auction sales in four years, capping a first quarter that beat year-ago figures by nearly 5%, according to the latest AuctionNet data and analysis from the National Auto Auction Association. March also marked an all-time high for sales of electric vehicles at auction, NAAA said. Overall, there […] [Read More]

Vehicle appraisal services provider Auto Value Professionals has launched a newly designed website to give drivers, attorneys, repair shops and classic car collectors a platform to access vehicle appraisal services nationwide. The company specializes in diminished value claims, total loss appraisals, classic and luxury car valuations, and post-accident inspections to help clients recover fair compensation, […] [Read More]

Auto industry F&I and training provider JM&A Group has introduced a new plan to help dealers attract and keep employees. The Health Captive Program, part of JM&A Group Dealership Insurance Services, is designed to help dealerships provide competitive, cost-effective health benefits that can improve employee retention and recruitment. “It was our dealer partners who were […] [Read More]

Way.com has partnered with IWS Acquisition Corp. (IWS) to distribute Way+ memberships through credit unions nationwide, helping Americans to manage the costs of vehicle ownership. According to a news release, this collaboration enables credit unions to offer Way+ as a value-added benefit, providing their members with exclusive savings on parking, car washes, gas, electric vehicle […] [Read More]

It was a good year for Credit Union Leasing of America (CULA). The facilitator of indirect vehicle leasing for credit unions for more than 35 years highlighted its achievements reached in 2024, including the growth of its footprint to 27 states and increasing its number of active dealer partners by 91%. CULA now also operates […] [Read More]

The auto industry changes at lightning speed, influenced by evolving consumer behaviors and preferences. As a growing number of consumers seek to purchase vehicles online, savvy dealers and lenders are upgrading their processes to offer auto buyers a streamlined, fully digital buying experience. The transition to online car buying presents a range of challenges for […] [Read More]