The CARFAX Used Car Index made its debut a year ago, and in an analysis recapping the latest installment, the company pinpointed three retail used-car pricing trends that have stood out. But first, here’s how the market looks at the end of April. In a word, they’re stable, a departure from the past 12 months, […] [Read More]

Amid years of challenges, some good news for the wholesale auto industry. While sales at auctions haven’t returned to pre-COVID levels, the number of vehicles offered for sale at National Auto Auction Association member locations and the number that actually sold were both up double-digit percentages last year. Not to mention, conversion rates beat prior-year […] [Read More]

Carvana and one of its executives were recognized by the NAFA Fleet Management Association (NAFA) at its annual Institute & Expo (I&E). While the company was a top Commercial Fleet for 2024 in the Americas, NAFA has also recognized Kenny Stimson, who is Carvana’s director of fleet management. Stimson was named the 2024 Fleet Professional […] [Read More]

During last week’s Auto Intel Summit+National Remarketing Conference, PAVE chief strategy officer Jameel Ghata discussed how automated inspections help fleets list their vehicles for sale whenever they need to. Through a presentation titled, “Get Paid Faster with Automated Inspections,” Ghata discussed how automated vehicle inspections can enable wholesale disposition and guaranteed buys without the expense […] [Read More]

Sometimes electric vehicles can be difficult for dealers to blend into their floorplan. DriveItAway Holdings and Westlake Financial collaborated on a solution. Last week during the Auto Intel Summit + National Remarketing Conference, DriveItAway announced the offering of its retail app, software platform and lead base to all interested dealers, combined with fleet credit line […] [Read More]

Predian’s artificial intelligence-driven inventory management solutions now have more information. The company announced last week the integration of wholesale and retail data into its solution, ValueVision. Now, Predian said dealers can make strategic pricing decisions and maximize their profitability “with confidence, knowing they have the most accurate and comprehensive data at their fingertips.” Predian developed […] [Read More]

After a successful series of “Dueling Podcasts” earlier this year, the hosts of the Auto Remarketing Podcast continued their multimedia collaborations last week. For the latest installment of its “Tuesday Nights Live” series on YouTube, ATI Auto Business livestreamed with Cherokee Media Group senior editors Joe Overby and Nick Zulovich from the Auto Intel Summit […] [Read More]

Technology experts at defi SOLUTIONS are calling out the “bluff” of fraudsters. On Monday, the provider of originations, servicing, and managed servicing software and services announced an unsuccessful hacking and extortion attempt by a known cybercriminal group. According to a news release, the group, which according to the Cybersecurity Advisory (CSA) has targeted organizations in […] [Read More]

Odessa is leveraging 26 years of experience as a software company specializing in equipment leasing to enter auto financing. Last week, the company rolled out its platform for captives, banks and other finance companies. Odessa Auto is geared to be the first part of a full-service end-to-end auto finance suite for finance, leasing, and as-a-service […] [Read More]

Allied Solutions and FINOFR recently expanded their ongoing partnership to expand their digital footprint for financial institutions. The result is an integration called Vehicle Protection Reset, which merges FINOFR’s platform with Allied Solutions’ iQQ and Direct Impact Marketing solutions. By combining these forces, the companies said financial institutions can recapture post-close product opportunities and enable […] [Read More]