Edmunds has unveiled the Edmunds EV Charging Test, which the company says provides a “rigorous, independent evaluation” of electric vehicle fast-charging speeds, giving consumers crucial information about the time required to add range to a vehicle’s battery. The charging test combines Level 3 charging measurements from automotive consultant P3 Group with proprietary data from the […] [Read More]

Cox Automotive formed in 2014 as the umbrella entity for the automotive properties of Cox Enterprises, and since then, has expanded to include more than 60 entities. The company is now streamlining that portfolio to just 13 brands, Cox confirmed to Auto Remarketing. Cox Automotive’s two consumer-facing brands, Autotrader and Kelley Blue Book, remain as-is. […] [Read More]

Reviver’s partnership with AutoNation is expanding into Arizona. The automotive technology company said the nation’s second-largest dealer group is adding its Arizona stores to those in California that are already offering Reviver’s RPlate digital license plate to their customers. AutoNation boasts retail sales of 229,971 new vehicles in 2022, ranking it second to Lithia & […] [Read More]

The late Rick Case, who founded Rick Case Automotive Group and served as its CEO for 60 years, was honored posthumously by the Florida Automobile Dealers Association as a member of the inaugural class of the FADA Hall of Fame. Case, who passed away at age 77 in 2020 following a brief battle with cancer, […] [Read More]

Bank of America wants more of its customers to use its auto financing options to take delivery of their next vehicle. So, on Wednesday, the institution introduced new digital capabilities to support consumers during their vehicle shopping and financing journey. According to a news release, Bank of America clients can now get prequalified for auto […] [Read More]

Perhaps as exciting for dealerships as when customers walk into the showroom and service drive is the point when those individuals get set to pay for whatever has just been provided. This week, DigniFi, a fintech company specializing in automotive repair financing, announced a partnership with Dealer Pay, which provides payments and point-of-sale solutions for […] [Read More]

Tenet Energy, a climate fintech platform that helps consumers and businesses drive electric vehicles for less, announced on Wednesday that it has closed a funding round of more than $30 million, including more than $10 million in Series A investment and a $20 million warehouse debt facility. Led by venture capital firm Nyca Partners, the […] [Read More]

NextGear Capital wants to make sure the dealer voice is heard when it comes to floor-planning and other company activities. Last week, building on the success of its inaugural DRIVE Dealer Advisory Board (DRIVE) launched in 2021, NextGear announced members of its new board for 2023-25 to gain even greater understanding of what independent dealers […] [Read More]

KPA and Reynolds and Reynolds now are working together to help dealerships comply with state and federal financing requirements. On Wednesday, the companies announced a strategic partnership to provide dealerships greater access to Reynolds’ LAW F&I Libraries across all 50 states and KPA’s F&I compliance consulting services, software, and resources. With this partnership, KPA and […] [Read More]

When it comes to used-car retail prices, the third quarter pointed to a “return to normalcy,” a trend that was particularly evident by this metric: late-model used cars have prices that are “notably below” those of new vehicles. That’s according to the latest Used Vehicle Report from Edmunds, which detailed, among other trends, the move […] [Read More]