Black Book spotted more softening of wholesale prices and sales rates last week. But analysts said one overall trend became clear even as wholesale prices decreased another 0.37% and the estimated average weekly sales rate decreased to 48%. “Last week, we saw mixed signals again in the wholesale market,” Black Book said in its latest […] [Read More]

SIXT USA now has the Sunshine State nicely covered. The luxury vehicle rental operation opened its newest Florida location on Tuesday, starting service at Jacksonville International Airport. SIXT now has availability throughout Florida at six other markets, including Orlando, Miami, Fort Lauderdale, Tampa, Fort Myers and West Palm Beach. “As a civil-military airport that is […] [Read More]

On the last day of May, the Federal Trade Commission acknowledged it received a petition to regulate spot deliveries by dealerships and auto finance companies. The experts at Ignite Consulting Partners offered their reaction to this effort championed by six consumer advocates. “The practice of spot delivery has been a hot-button issue for consumer advocates […] [Read More]

Cox Automotive reported that credit availability for auto finance recently dropped to a two-year low. And the April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices orchestrated by the Federal Reserve showed that level might stay there for the foreseeable future. Access to auto credit tightened again in May, according to the Dealertrack […] [Read More]

E Automotive Inc. is searching for a new chief financial officer. The parent company of EBlock and EDealer announced last week that it has engaged an external firm to initiate a search for a new CFO. The move is a result of an agreement between the company and Andrew Bohlin, who intends to pursue new […] [Read More]

Remarketing+, powered by Advent Resources, helps consignors, fleets, and car rental companies to move their de-fleeting upstream in an effort to save sellers in reconditioning, transportation, holding and transaction fees. Now the company wants to assist private consumers, too. On Monday, Remarketing+ rolled out its newest offering, Driver Sales, which is a white label solution […] [Read More]

America’s Group acquired Liquid Motors nearly two years ago. On Monday, the company announced an executive succession plan, as Liquid Motors founder and president Michael Daseke will depart from the position effective June 30. Selected to succeed Daseke as president on July 1 is America’s Group vice president of digital strategy Kelly McAllister, who has […] [Read More]

Reynolds and Reynolds made its third acquisition of the year last week, announcing the purchase of technology startup AutoVision. Through a news release, the company said AutoVision will enhance the Reynolds Retail Management System with a suite of tools to retail used vehicles more efficiently and profitably. “The Reynolds Retail Management System is built on […] [Read More]

There was dry humor but few dry eyes when the National Automotive Finance Association gave the first Jack Tracey Pinnacle Award to Tom Hudson last Thursday at the Non-Prime Auto Financing Conference in Plano, Texas. After playing a 10-minute tribute video the NAF Association compiled, Hudson cracked a one-liner when immediate past chair Jim Bass […] [Read More]

Last week, Informed.IQ announced general availability of its platform in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that can make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). By launching in AWS Marketplace, Informed.IQ said its customers and prospects can […] [Read More]