Shortly after his firm advised STELLA Automotive AI on its $19.7 million Series A financing round, The Presidio Group CEO Brodie Cobb joined the Auto Remarketing Podcast for a conversation about the automotive investment landscape. Cobb and Cherokee Media Group senior editor Joe Overby discuss why dealer groups and auto industry incumbents have become busy […] [Read More]

Two automotive technology companies are teaming up with the goal of elevating dealerships’ online presence. Reynolds and Reynolds and DealerOn announced a partnership to integrate DealerOn’s sales and marketing enablement technology with Reynolds’ dealership software. The companies said their development efforts will give dealers the opportunity to “enhance their holistic view of the consumer” through […] [Read More]

Experian’s State of the Automotive Finance Market Report: Q1 2024 showed year-over-year increases in both 30- and 60-day delinquency rates. Perhaps what might be a more useful assessment is how those rates are both lower compared to the first quarter of 2019. Of course, that’s a full year before the pandemic arrived and triggered unprecedented […] [Read More]

Canadian Black Book’s weekly Market Insights report for the week ending May 25 showed a slower rate of decline than recent weeks, as Canadian wholesale prices fell by 0.23% following a 0.38% drop the week before. Only one segment recorded a gain: full-size pickups were up $1. And three other truck/SUV segments (subcompact crossovers, subcompact […] [Read More]

We can use smartphone apps to listen to music, track our spending and waistlines and reconnect with family and friends. And J.D. Power said electric vehicle owners are leaning more on apps than ever. Researchers shared on Wednesday that usage of manufacturers’ mobile apps continues to increase as 90% of EV owners say they use […] [Read More]

Former Kelley Blue Book publisher Bob Kelley, whose family founded the vehicle guide in 1926, died Tuesday at 96 in Indian Wells, Calif., according to an obituary shared by son-in-law Charlie Vogelheim. Kelley began his auto career at the family’s dealership, Kelley Kar Company, which along with KBB, was founded by his uncle Les Kelley […] [Read More]

Black Book’s latest installment of Market Insights approached both wholesale and retail perspectives since dealers are amid holiday weekend sales campaigns and looking to close May on a positive note. During the week that closed two days before Memorial Day, Black Book watched wholesale values soften another 0.15%, which was 9 basis points less than […] [Read More]

We tend to think of the past as black and white, while the present shines in living color. When it comes to cars, though, that trend is heading in the opposite direction. Grayscale colors (white, black, gray and silver) are not only by far the most popular hues for cars, that popularity continues to grow, […] [Read More]

It’s been 10 years since the National Highway Traffic Safety Administration issued its first recall of airbags manufactured by the Takata Corporation. But that doesn’t mean they’re all gone. According to data from CARFAX, more than 6.4 million vehicles equipped with those potentially deadly airbags are still on the road. And according to CARFAX’s vehicle […] [Read More]

Webinars hosted by Weltman, Weinberg & Reis are designed to deliver year-round educational content, specific to creditors’ rights throughout numerous focus areas. The next one in the series titled, “Coffee With Casey,” features shareholder and the firm’s Chicago office managing attorney Casey Hicks along with shareholder and bankruptcy group chair Scott Fink. The experts plan […] [Read More]