The inventory of even moderately priced (with OEM incentives) electric vehicles already has grown to double the average day’s supply of ICE units, even before the onslaught of 100 new EV models coming on the market in the next 30 months. On the used-car side, many dealers lament that they can’t move even used EVs […] [Read More]

In a strategic move the provider of SaaS solutions and IT services said is meant to bolster its global marketing initiatives and drive further growth in its specialized sectors, NETSOL Technologies announced its first chief marketing officer. Appointed to the position on Wednesday was Erik Wagner, who possesses more than 16 years in the marketing […] [Read More]

Advent Resources and RouteOne announced a collaboration this week with the goal being to centralize and digitize car deals, drastically reducing inefficiencies in the traditional process. The companies are looking to enhance the e-contracting process, reduce per-deal personnel costs, and ultimately, transact with consumers wherever and however they choose. By giving RouteOne’s network of finance […] [Read More]

GoodCar, a provider of comprehensive vehicle data and history reports, has introduced its Residual Values tool, which it called “a timely solution for car lessees amid the soaring prices of used vehicles.” The new tool is designed to give consumers a quick and accurate estimate of their vehicle’s equity. Users can access the current residual […] [Read More]

The credit reports, compliance solutions, soft pull, identity verification and fraud detection platforms from 700Credit became more robust this week courtesy of the addition of Insight Score for Auto from Equifax. Designed to help expand access to credit for consumers seeking to finance a vehicle, 700Credit recapped the Insight Score for Auto is an industry-specific […] [Read More]

Davis+Gilbert named a new chief operating partner, turning to an expert who has been with the law firm for more than two decades. The firm announced that partner Joseph Cioffi is taking on additional responsibilities as chief operating partner effective immediately. Cioffi currently serves as a member of the executive committee and as the chair […] [Read More]

Flexcar has come a long way since it launched in 2021. And its customers have gone even farther. More than 100 million miles, in fact. The vehicle subscription service announced its customers have surpassed that milestone in Flexcar vehicles. “People who are in the market for a car today face record-high prices for buying or […] [Read More]

There’s a new online automotive marketplace on the scene. Startup turbu.com said its platform aims to “reshape the landscape of peer-to-peer car buying and selling” with its “free” and “no upfront fee” approach that the company said will provide a “win-win situation” for buyers and sellers. In a news release, turbu touted features such as […] [Read More]

The blue sky has fallen a bit this year — but it’s still sky-high. Haig Partners’ quarterly report on dealership buy-sell activity found values down by 12% from the end of 2022 — a product of declining dealership profits this year — but still at more than twice pre-pandemic levels. Demand for dealerships also remains […] [Read More]

Black Book watched three vehicle segments decrease in value last week probably more than the appeal for cranberry sauce or canned yams still on a grocery store shelf two days after Thanksgiving. Black Book reported that three segments depreciated by more than 3% a week ago, including work vans, full-size luxury SUVs and compact cars. […] [Read More]