The basketball court wasn’t the only place for “madness” last month. With tariffs on the horizon and automotive uncertainty swirling, March produced a flurry of activity in the wholesale car market. The Trump administration’s 25% tariffs on imported vehicles — which became effective Thursday — led to “increased urgency” from consumers to buy new cars […] [Read More]

defi MANAGED SERVICING Remarketing, the remarketing services of the defi SOLUTIONS platform, has named Manheim Pennsylvania as its 2024 Auction of the Year. In a news release, the company said Manheim Pennsylvania, along with rest of Manheim’s more than 100 locations and mobile auctions, “continues to achieve the highest standards of performance and customer service […] [Read More]

Tariffs are creating complex situations for companies inside and outside of automotive, so Bloomberg is turning to artificial intelligence to sort through them. On Monday, Bloomberg launched AI-Powered Document Insights, which uses generative AI to make it easier for research analysts and corporate decision makers to quickly find details from a company document by asking […] [Read More]

Nanette Graviet began her career at Mountain America Credit Union 31 years ago as a part-time teller. Her journey with the credit union that has more than 1 million members and $20 billion in assets is continuing, as Mountain America recently promoted Graviet to be its senior vice president and chief risk officer. In her […] [Read More]

With an eye toward national expansion among other growth objectives, Veros Credit on Monday announced a strategic investment from ITOCHU International, a global leader in trading and investment. According to a news release, the investment may result in ITOCHU acquiring a minority ownership stake in Veros Credit, underscoring both companies’ shared commitment to long-term growth […] [Read More]

America’s Group has added its third auction in the Peach State, announcing Monday that it has acquired South Georgia Auto Auction in Albany. This continues a flurry of buy-sell activity for the auction company, which also announced purchases of Car-Tech Auto Auction in February and auction tech platform auctionVcommerce in January. The acquisition of Car-Tech […] [Read More]

Vic Vaughan Toyota of Boerne is ready to get its new service center off the ground. The dealership in the San Antonio suburb of Boerne, Texas, will break ground on its 28,639-square-foot facility with a ceremony Tuesday. “As our dealership continues to grow, so does our commitment to providing an unparalleled service experience for our […] [Read More]

ZeroSum has to admit it doesn’t have all the answers. But the marketing and data software firm understands why cars have been flying out of dealerships for the past month. In its latest “State of the Dealer” report, ZeroSum said March used-vehicle sales soared to the highest level in its seven years of tracking that […] [Read More]

Lamenting. Bracing for impact. Embracing. Preparing. Seeing an opportunity. Those are but a few of the ways auto dealers are responding to the Trump administration’s 25% tariff on vehicles imported to the U.S. — a policy that became effective Thursday. In statement Wednesday, Cody Lusk — president and CEO of the American International Automobile Dealers Association, which representing U.S. franchise dealers selling import brands — said that ... [Read More]

Solera is putting artificial intelligence into fleet management. The vehicle lifecycle management software provider has launched the Solera Fleet Platform, an AI-driven platform designed to unify fleet intelligence, optimize efficiency and providing visibility and control over fleet operations. Solera said its new platform brings the capabilities of its systems together to create a fully connected […] [Read More]