There’s a new North American racing team on the horizon. The Dilawri dealership group and Rossocorso Racing, known for its role in Ferrari Challenge Europe, are teaming up to form the new team: Dilawri Rossocorsa. The new team will be racing in the U.S. and Canada during the 2024 Ferrari Challenge North America and Club […] [Read More]

Canadian Black Book is seeing a pretty poor level of sales rate in the auctions right now, and they are monitoring this data daily and adjusting values on a weekly basis. “But if nothing's converting to an actual transaction, nothing's moving out there, and that's causing the sellers to hopefully bring down their prices. But they're kind of fixated on not doing that,” said Daniel Ross, CBB's senior manager of industry insights and residual value, in an interview with Auto Remarketing Canada. Instead, dealers are trying to ... [Read More]

The Toyota Lexus Minority Owners Dealership Association renewed its partnership with The Salvation Army with its fourth Day of Service to provide food for families in need across the country during the Thanksgiving break. The association said 33 Toyota and Lexus dealerships across the nation distributed more than 3,400 food boxes on Nov. 18 to […] [Read More]

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]