Though used-vehicle sales last month softened from August, they beat year-ago figures. However, there remains some headwinds that should be watched, says Cox Automotive in a Data Point report Monday. The biggest bright spot in the used-car market remains ... [Read More]

Automotive industry M&A activity continued on Wednesday with an announcement indicating KPA has acquired ComplyNet. KPA, a provider of environmental health, and safety (EHS) as well as F&I solutions, explained why it made this move to acquire ComplyNet which provides end-to-end compliance software, encompassing privacy and safeguards (P&S), EHS and sales F&I and advertising guidance […] [Read More]

Canada and Ontario governments are working in partnership with Umicore Rechargeable Battery Materials Canada to welcome a new manufacturing plant to the Loyalist Township capable of producing components crucial to electric vehicle battery production. To be made at the plant are cathode active materials (CAM) and precursor cathode active materials (pCAM). These are two of […] [Read More]

Despite innovation in the electric vehicle market, Canada’s electrical infrastructure still has a long way to go before it can support a majority of EVs on the road. And there might be another element holding back EV growth here, as well, according to a new survey. Findings from a 2023 Ipsos Canada survey commissioned by […] [Read More]

Used-vehicle prices in Canada’s auction lanes fell by almost a quarter percent last week, with the car and truck valuation movement more in balance than prior weeks. Overall wholesale prices fell by an average of 0.22%, according to Canadian Black Book data. Cars saw a drop of 0.15%, while trucks and SUV prices dropped by […] [Read More]

Reynolds and Reynolds is investing in the future of the auto industry through education. The dealership software provider has committed to provide financial help for students at Northwood University and Sinclair Community College who are pursuing automotive careers. The company announced it is funding $375,000 in scholarships over the next three years for students at […] [Read More]

A Texas dealer group is employing artificial intelligence to make it easier for Spanish-speaking car shoppers to find and buy its inventory. Cavender Auto Group, which operates eight rooftops in the San Antonio and Dallas areas, announced a partnership with Carfluent, a provider of AI-driven software that publishes additional search, inventory and vehicle detail pages […] [Read More]

The car shopper who wants a used vehicle, an electric vehicle or a used EV is likely to find a much better deal than they would have just a year ago. Used EV prices are at their lowest levels in more than two years, according to a Recurrent report, while a separate analysis from iSeeCars.com indicates that affordability for used vehicles and EVs in general has improved substantially since last fall. This news comes as the used EV population — and sales of these pre-owned electrics ... [Read More]

In Part 1, we covered that every B2B SaaS company has great intentions to treat their customers well, but sometimes bad processes get in the way. True partnership with the customer is often mentioned in speeches and marketing, but it is very difficult to execute. I compiled a list of processes, developed and used successfully […] [Read More]

The next educational webinar from Weltman, Weinberg & Reis Co., will focus on replevins and preparing your recovery strategy for 2024. It’s all part of the Weltman’s Ask a Pro Series featuring shareholders Amy Clum Holbrook and Allen Reis and attorney Stefanie Kempfer Collier, who will address three key topics, including: —How to prepare/respond to […] [Read More]