This dealership news roundup includes another store gaining new ownership as well as a group launching its annual charity work during the holiday season. According to a news release from the Tim Lamb Group, the firm brokered the sale of Woody Sander Ford in Cincinnati to the Mark Williams Auto Group. Chris Infantino of the […] [Read More]

Used-vehicle prices have been falling from highs seen in March of last year, but Canadian Black Book’s 2023 Best Retained Value Awards show values in the market remain elevated. Analysis around the awards also shows a first for battery electric vehicles, in particular. “This year we saw all winners retaining over 82% which is the […] [Read More]

When consumers purchase cars at an auto dealer, they often buy supplemental products and services called voluntary protection products (VPPs). These provide additional coverage and protection for certain vehicle components or services not covered by or beyond the manufacturer’s original warranty. This not only impacts the consumer and the dealer’s bottom line, but also impacts […] [Read More]

SCI Lease Corp. has new options for Canadian consumers looking to lease, through a new partnership with Vietnamese automaker VinFast. SCI now offers Canadians a leasing program for VinFast electric vehicles, growing the automaker’s presence in the country. VinFast already has opened stores across the country, and delivered hundreds of vehicles to Canadian customers, the […] [Read More]

Automotive communication intelligence provider CallRevu has named Keri Cohen as its new chief marketing officer, a move the company said “coincides with a pivotal moment in CallRevu’s trajectory of rapid expansion and innovation.” CEO Ben Chodor called the hire “a significant milestone” in his plan to build a “world-class” leadership team. “Her dynamic leadership, coupled […] [Read More]

Wholesale automotive marketplace IAA has entered into a strategic market alliance with Lion Trans & WHSE LLC in the Eastern European nation of Georgia, IAA’s parent company RB Global announced. In a news release RB Global said the goal of the collaborative relationship is to increase market share of both companies in Georgia, as well […] [Read More]

China’s leading used-car online marketplace was in Scottsdale, Ariz., this year with a booth at Used Car Week, held in mid-November. TaoCheChe’s reason for being there was two-fold. “Our main purpose in coming to UCW is to learn from our industry partners,” TaoCheChe CEO Jiang Dong told Auto Remarketing at its booth. “But another purpose is to tell the American used-car industry to look at China’s used-car market. It is a gold mine.” China’s used-car market is the world’s fastest growing, with a compounded annual growth rate of ... [Read More]

An overwhelming percentage of car dealers who use digital retailing tools are reporting encouraging results, according to the latest research by Cox Automotive. The company’s 2023 Digitization of Car Buying Study found 90% of dealers said digital retailing has positively impacted at least one area of their business, with customer satisfaction/experience, customer relationships, ease of […] [Read More]

Socure, a provider of artificial intelligence for digital identity verification, fraud prevention and sanctions screening, recently launched Sigma Synthetic Fraud v4. The company highlighted the product uses advanced machine learning and diverse, third-party and network feedback data to uncover patterns linked to insidious synthetic identity fraud. According to a Socure news release, the Deloitte Center […] [Read More]

Open Lending recently joined the Credit Union National Association (CUNA) as an associate business member. As a CUNA member, the provider of risk analytics solutions for financial institutions said it will elevate the credit union movement through industry advocacy and thought leadership on how to provide critical services for the underserved near- and non-prime credit […] [Read More]