Affordability and availability of used electric vehicles is improving, and in some cases, so are sales. Over 4% of Carvana’s sales in the first quarter were battery-electric vehicles, more than doubling their share of sales from Q1 2023, according to a study released Wednesday by the online used-car retailer. Specifically, BEVs represented 4.3% of Carvana’s […] [Read More]

The U.S. has a new entry in the budding sector of artificial intelligence-driven vehicle inspections. Click-Ins has launched in the U.S., opening a headquarters in Kansas City, Mo., and appointing Charles Lukens as its new CEO as part of the company’s global expansion strategy. In a news release, Click-Ins said its move into the American […] [Read More]

We rolled into May last week, and the auction world might be finished with spring soon. Black Book’s latest observations of wholesale values showed the overall market ticked 0.09% lower during the week that closed with the 150th Kentucky Derby. Despite the spring lift for prices halting, dealers might still be racing for the Winner’s […] [Read More]

British luxury automaker Bentley Motors has named Holman’s Lauderdale Collision Center as its 2023 Bodyshop of the Year in North America. The award honors the Bentley body shop that best demonstrates an unwavering devotion to quality, continued training and outstanding customer service, Holman said. “This incredible achievement is a testament to the hard work, dedication […] [Read More]

How many leads does it take for a dealer to sell a car? No, that’s not the setup to a joke. It’s the question asked in a study conducted by sales software firm Foureyes, which looked at dealership data in the first quarter of 2024 to identify how many leads dealers received on average per […] [Read More]

The Consumer Financial Protection Bureau issued a new report last week that suggested consumers tend to pay more for products that have more complex pricing structures, including auto financing. The CFPB said this report is based on experiments with multiple rounds of buyers and sellers interacting in simple markets. The regulator found that participants tended […] [Read More]

Deloitte is seeing momentum for accelerated adoption for generative artificial intelligence within finance and accounting this year. According to a Deloitte Center for Controllership poll, even though few executives (6.6%) say their organizations have already implemented generative AI solutions to support finance and accounting processes, the firm said considerably more indicate they are actively discussing […] [Read More]

Finance companies want to know their collateral is insured properly. Cox Automotive and Canopy Connect are collaborating to help with that delivery element. On Tuesday, Cox Automotive announced a new collaboration with Canopy Connect to embed insurance verification and servicing capabilities into Cox Automotive’s Ecommerce solution. The intended result is an enhancement to the online […] [Read More]

This week, RPM and MBSi Corp. announced a new partnership, aligning their areas of expertise in the auto finance industry. The collaboration involving the non-asset-based logistics and transportation provider and the repossession assignment management software company is designed to help finance companies, repossession agencies and forwarders. RPM and MBSi said their alliance creates a way […] [Read More]

Carvana is celebrating Mobility Awareness Month with its second annual Pickleball for All event – an accessible pickleball exhibition and clinic in Atlanta for athletes of all abilities. The online used-vehicle retailer is working with the Professional Pickleball Association to lower the barrier of entry to the sport of pickleball for the millions of Americans […] [Read More]