Dealers Auto Auction of Memphis has promoted auction veteran Loren Lynch to general manager. Lynch joined DAA Memphis as assistant GM in July. In a news release, the company said Lynch’s “exceptional leadership skills and ability to drive operational excellence have been instrumental in optimizing business performance and fostering a culture of success.” Lynch’s background […] [Read More]

“Normal” hasn’t often been a word to describe the auto industry in the last four years, but 2024 could be the return of stability and typical market patterns. That includes a “normal seasonal trend” when it comes to depreciation in the wholesale vehicle market,  along with “modest growth trajectory” in the new-car segment, Black Book […] [Read More]

Less than four weeks after announcing it is shifting from direct sales to a dealership model, Fisker will hold a “dealer open house” for dealers interested in working with the electric vehicle manufacturer. The meeting will be held Wednesday at Fisker’s headquarters in Manhattan Beach, Calif. The company said it expects to announce commitments from […] [Read More]

Autosled is now delivering to consumers. The vehicle logistics technology provider has launched Autosled Direct, a direct-to-customer vehicle transport service. The service, an extension of Autosled’s existing B2B vehicle shipment service, is initially available to retail auto dealers who no longer wish to be involved in the transport logistics processes of their customers. The company […] [Read More]

Auto industry data and technology provider automotiveMastermind, part of S&P Global Mobility, announced multiple integrations designed to enhance its Mastermind technology and make it easier for dealers to connect data across their technology stack to improve consumer experiences and streamline marketing. The new integrations with CarNow, Skaivision, Orbee and Tealium incorporate a set of application […] [Read More]

Quantum5, a holistic learning ecosystem in automotive designed to drive measurable performance through engagement and proficiencies, has acquired artificial intelligence-driven workforce engagement platform Trivie. Quantum5, the automotive division of Ander, said the acquisition enables it to accelerate its mission of “helping the auto industry address the challenges it faces and provide today’s learners with a […] [Read More]

Open Lending Corp. offered a glimpse into some of the insights found through its newest study on vehicle accessibility and automotive financing perceptions among near- and non-prime consumers. The report builds on Open Lending’s 2023 Vehicle Accessibility Index, which explored the barriers to vehicle ownership and how owning a vehicle impacts consumers’ opportunities and livelihoods. […] [Read More]

LegalShield experts contend consumers’ financial status and optimism might not be so rosy. LegalShield recently released new data suggesting rising financial instability for consumers nationwide. The company’s December Consumer Stress Legal Index (CSLI) increased for the 10th straight month to 66.7, reaching its highest level since November 2020 and pointing to a decline in consumer […] [Read More]

Last week, Solutions by Text (SBT) and Lightico announced a strategic partnership to deliver real-time messaging capabilities to finance companies. The relationship blends SBT’s real-time conversational platform with Lightico’s solution to help auto-finance providers grow their business. Clients can leverage the integrated real-time messaging solutions to communicate with consumers over text, collect underwriting documents over […] [Read More]

Chase, Capital One, Global Lending Services and Westlake Financial all now have more in common than just providing auto financing. On Monday, Chase joined the trio already working with CarGurus to expand options for consumers looking to pre-qualify for auto financing while enabling dealers to better serve the growing number of shoppers who prefer to […] [Read More]