To borrow from the world of political elections, it was an October surprise for the certified pre-owned vehicle market. But this twist shouldn’t derail the annual CPO sales from prior projections, experts say. According to a Cox Automotive analysis of Motor Intelligence data, there were 207,189 certified vehicle sales in October. That’s down just 0.2% […] [Read More]

ICOM AI — which announced its new branding last week — made a move with its new moniker on Monday, announcing a strategic collaboration with Experian. The joint effort aims to transform how automotive dealerships communicate with their customers about vehicle recalls. By integrating Experian’s open recall data into the platform, ICOM AI can help […] [Read More]

As the Thanksgiving holiday approaches, Holman recently announced the appointment of the executive who will serve as the company’s corporate grant director. Selected to oversee all aspects of Holman’s corporate grants program is Steve Holman, who will be in charge of an integral component of the company’s community affairs efforts, providing financial support to non-profit […] [Read More]

In the rapidly evolving landscape of the automotive industry, the integration of artificial intelligence in vehicle delivery is not just a futuristic concept but a present reality reshaping the Direct-to-Consumer (DTC) paradigm. This transformation, marked by advanced digital solutions, is setting new standards for efficiency, accuracy, and customer satisfaction. In this article, we delve into […] [Read More]

OPENLANE has taken another step in its consolidation. The operator of digital wholesale used vehicle marketplaces has launched the new OPENLANE US digital marketplace, combining off-lease inventory from U.S. commercial sellers with the dealer-to-dealer inventory of BacklotCars. In OPENLANE’s third quarter earnings call on Nov. 1, CEO Peter Kelly revealed the company’s plan to consolidate […] [Read More]

The Consumer Financial Protection Bureau (CFPB) made serious allegations against Toyota Motor Credit Corp., and ordered the captive on Monday to pay $60 million in consumer redress and penalties. The bureau said Toyota Motor Credit received these penalties for operating an “illegal scheme to prevent borrowers from cancelling product bundles that increased their monthly car […] [Read More]

There’s a good probability that individuals will remain current on their installment contracts for electric vehicles. A new TransUnion study conducted in collaboration with S&P Global Mobility found that as the share of new-vehicle registrations for EVs rose, the credit makeup of these buyers continued to remain strong. Analysts discovered the average credit score for […] [Read More]

Consumer-focused car shopping app CoPilot has launched what it calls the market’s first “comprehensive artificial intelligence-assisted car-shopping experience.” The company said consumers can search through its app and receive AI-curated, ranked recommendations with detailed analysis on which vehicle is the best fit for them, based on their personal preferences and geographic location. CoPilot also includes […] [Read More]

Automotive subscription company Autonomy has joined with financial services firm Deloitte in a strategic agreement to accelerate the adoption of electric vehicles by making them more accessible and affordable. In a joint news release, the companies said the collaboration expands Deloitte’s service offerings for clients seeking to bring mobility subscription models to market in less […] [Read More]

The world of car dealerships is a dynamic and ever-evolving industry that operates in tandem with economic cycles. In a down market, car dealerships face unique challenges that test their adaptability and resilience. Having insight at CarOffer into thousands of dealerships nationwide, it is interesting to see what some of the best dealers are doing […] [Read More]