Over the past two weeks, most vehicle segment Canadian Black Book tracks saw declines that went against seasonal norms. During the work week ending on Aug. 12, wholesale values continued to fall above seasonal rates, with an average drop of 0.34%. And for the week ending Aug. 19, wholesale values fell by 0.20%. Once again, […] [Read More]

North Carolina-based Anderson Automotive Group has boosted its presence in South Carolina with the purchase of seven dealerships from S.C.-based MCE Automotive Group, according to a news release from Kerrigan Advisors. With the acquisition of Toyota of Greer, Kia of Greenville, Kia of Greer, Hyundai of Greer, Genesis of Greer, Nissan of Greer and Mike […] [Read More]

Not long after a J.D. Power study showed deteriorating satisfaction with public EV charging stations, Electric Era this week announced the close of its Series A financing to grow its network of proprietary PowerNode EV high-speed charging stations. According to a news release, HSBC Asset Management led the Series A financing with participation from SQM […] [Read More]

The Ford F-150 has long dominated the market for full-sized pickup trucks. So the results of Cox Automotive’s latest research into the electric truck market are not exactly… shocking. Cox’s 2023 Consumer Snapshot: Electric Full-Size Pickup Trucks found the F-150 Lightning is the No. 1 electric pickup considered by truck shoppers, ahead of models from […] [Read More]

Automotive analytics and data provider Black Book has introduced Pulse, a visualization tool designed to enable automotive professionals across various verticals to gain insights from retail market data to power their business-critical decisions. OEMs, dealer groups, finance companies and others in the industry can use retail market data to maximize their profits while minimizing their […] [Read More]

While service drive activity currently is on a downward trend, Dealerware and Tekion recently integrated their tools to help dealership service departments and boost customer satisfaction. Brendan Harrington, president of Autobahn Motorcars in Fort Worth, Texas, is already seeing what the integration can do. “The Tekion and Dealerware integration makes us more efficient,” he said […] [Read More]

Earlier this week, Alfa announced the completion of the Amazon Web Services (AWS) Foundational Technical Review (FTR) for Alfa Cloud, its single-tenant software-as-a-service product. The achievement completed by the provider of software for the asset finance industry also meant acceptance into the AWS Partner Network. The AWS FTR enables AWS Partners to identify and remediate […] [Read More]

Separate reports from TransUnion and LexisNexis Risk Solutions indicated consumers are shopping for new car insurance nowadays with similar intensity as they are for a different vehicle. As dealerships continue to offer insurance solutions in their F&I offices, findings from TransUnion’s latest quarterly Insurance Personal Lines Trends and Perspectives Report showed auto insurance shopping rates […] [Read More]

A quartet of industry executives took turns describing data contained in nearly 20 slides highlighting some of the top trends from 2023 Non-Prime Automotive Financing Survey that featured members of the National Automotive Finance Association and the American Financial Services Association. After touching on trends involving the book-to-look ratio, collections and fraud, the final slide […] [Read More]

On Wednesday, Launcher unveiled the fifth iteration of its loan origination platform. The technology provider said the latest version of appTRAKER LOS vV blends a “staggering” list of process improvements and workflow efficiencies for finance companies utilizing the appTRAKER LOS platform. Some of the enhancements to appTRAKER LOS vV are: APIs for seamless integration: appTRAKER […] [Read More]