The U.S. Department of Energy has selected J.D. Power’s EV Index, an analytics tool that monitors the growing electric vehicle market in the U.S., to help establish benchmarks and monitor ongoing development of EV infrastructure nationwide. DOE said the index, which tracks detailed data on EV infrastructure development and consumer experience with public charging networks […] [Read More]

Imagine how sinking the feeling could be to discover the “cherry” you found showing 50,000 miles turned out to have 150,000 miles on the clock. This episode of the Auto Remarketing Podcast features two experts who are watching vehicle odometer fraud increase, offering recommendations to help dealerships and consumers avoid the potential pitfalls. Kirsten Von […] [Read More]

Saying “just text it to me,” might be OK when asking for something harmless from a friend or family member. But asking potential vehicle buyers to send non-public information (NPI) over text messages, emails and other insecure methods to dealership salespeople can create plenty of problems. To help, ComplyAuto introduced an encryption tool last week, […] [Read More]

Solutions by Text (SBT) announced highlights of its upcoming conference focused on accelerating revenue through the convergence of real time payments within rich messaging experiences, preparing finance companies for 2024 regulatory changes and more. Its FinText Conference also includes leading brands in finance, technology and innovation and a full lineup of keynote speakers, breakout sessions […] [Read More]

In an effort to help finance companies and other lenders verify income and employment information, Experian recently announced consumers can now choose to share information directly from their employers’ payroll service through Experian Verify when applying for credit, including auto financing, mortgages and personal loans. The company highlighted that the enhancement introduces Experian’s automated income […] [Read More]

Operating a successful used-vehicle sales operation depends on two things: obtaining inventory for the right price and selling that inventory for the right price. As so many have discovered in recent years, it is not enough just to have used vehicles to sell. Those vehicles must be acquired strategically without paying more than necessary. Then […] [Read More]

Holand Real Estate Group, part of the Holand Automotive Group — one of Canada’s leading luxury automotive retailers — acquired a prominent property in the town of Mount Royal, Montreal. The Holand Real Estate Group owns the Wawanesa Insurance building located at 8585 Decarie Boulevard. The Real Estate Group is headed by businessmen Gad Bitton […] [Read More]

Group 1 Automotive’s second quarter used vehicle business was “challenged,” said president and CEO Daryl Kenningham in the earnings call. The publicly listed auto retailer sold 46,764 used retail units on a consolidated basis in the second quarter, down 4.4% compared to the same quarter last year. Used vehicle gross profit per retail unit dropped […] [Read More]

RK Logistics Group, a provider of warehousing, e-commerce fulfillment and supply chain management services, has promoted Antonio Tejeda to the new position of director of account management for EV services. Tejeda will be responsible for sales and solutions planning, strategy, sales operations and account service for RK clients and offerings in the electric vehicle market. […] [Read More]

Automotive industry veteran Chris Barile has been named new sales manager of Mid Kansas Auto Auction in Wichita, Kan. He will oversee the sales, fleet lease and internet sales departments. “We’re thrilled to add Chris to our leadership staff,” Mid Kansas Auto Auction general manager Trevor Ottley said. “He has a great resume and fantastic […] [Read More]