Finance companies want to know their collateral is insured properly. Cox Automotive and Canopy Connect are collaborating to help with that delivery element. On Tuesday, Cox Automotive announced a new collaboration with Canopy Connect to embed insurance verification and servicing capabilities into Cox Automotive’s Ecommerce solution. The intended result is an enhancement to the online […] [Read More]

This week, RPM and MBSi Corp. announced a new partnership, aligning their areas of expertise in the auto finance industry. The collaboration involving the non-asset-based logistics and transportation provider and the repossession assignment management software company is designed to help finance companies, repossession agencies and forwarders. RPM and MBSi said their alliance creates a way […] [Read More]

Carvana is celebrating Mobility Awareness Month with its second annual Pickleball for All event – an accessible pickleball exhibition and clinic in Atlanta for athletes of all abilities. The online used-vehicle retailer is working with the Professional Pickleball Association to lower the barrier of entry to the sport of pickleball for the millions of Americans […] [Read More]

Wholesale vehicle prices continued their downward slope in April, falling double-digit percentages from a year ago. In fact, Cox Automotive’s Manheim Used Vehicle Value Index for the month fell below 200 for the first time in more than three years. The company said in a Data Point report accompanying the index that wholesale vehicle prices […] [Read More]

Lotlinx has launched a monthly/quarterly report to deliver data and trends to the auto industry. The company called its Vincensus Report “the most comprehensive monthly/quarterly inventory report in the industry” and said each month and quarter the report will “offer deep real-time data and insights visibility into the trends shaping OEM-specific and dealership inventory for […] [Read More]

Missouri Auto Auction recently held a promotional event to benefit Bree’s Gift, a nonprofit organization that honors the life of Bree Isabel Johnley, who passed away at 4 years old, by providing families with up to 100% of the funding needed to adopt a child. Jennie Johnley, Bree’s mother and founder of Bree’s Gift, is […] [Read More]

Penske Automotive Group’s CarShop used-only retail stores saw sequentially improving sales and margins in the first quarter of 2024 as it recovered from somewhat dismal full-year 2023 used-vehicle results. “We’ve seen CarShop really make a big step forward in margin in the U.S. as we’ve been able to ... [Read More]

For the seventh consecutive year, Great Place to Work has selected Hyundai Canada was selected as one of the Best Workplaces in Canada, and for the fifth year in a row, it has included Hyundai Canada on its list of Best Workplaces for Women. Hyundai Canada, the only automaker among the 100 organizations listed, ranked […] [Read More]

Ford Motor Co. has gone Hollywood with its dealer training. Last week, the automaker launched Ford University, a fully digital, video-based training platform that takes a “cinematic” and “storytelling” tactic to dealer training in a format designed to be personalized for each user. Sort of like a streaming video platform ... [Read More]

In what organizers said was their “best yet,” more than 400 attendees consisting of buy-here, pay-here dealers from across the country gathered at the Bellagio in Las Vegas for the third annual BHPH United Summit. After three days of dealer-to-dealer education, training and networking, Govinda Romero, owner of The Motory Group in Gainesville, Fla., said […] [Read More]