Sales of commercial vehicles in OPENLANE’s marketplace during the first quarter were higher than any quarter of 2023, pushing total vehicle sales up by nearly 13% year-over-year. In its Q1 results reported Wednesday, OPENLANE said the number of commercial vehicles sold through its platforms climbed from 167,000 in Q1 2023 to 222,000 in Q1 2024 […] [Read More]

Point Predictive chief fraud strategist Frank McKenna returned to the Auto Remarketing Podcast to discuss one of company’s biggest annual projects. McKenna shared some highlights from Point Predictive’s auto fraud report, acknowledging the total impact on dealerships and finance companies continues to grow. Listen to the conversation in the window below. [Read More]

This week, CallRevu welcomed Merchant Centric into its Center of Excellence. The provider of communications technology for the automotive retail industry said this partnership represents another stride into brand reputation management, leveraging Merchant Centric’s expertise to enhance the overall customer experience. Executives highlighted Merchant Centric, known for its approach to managing and analyzing customer feedback […] [Read More]

DriveItAway Holdings now has more resources to continue its mission to help consumers who might have soft credit histories and financial resources — or general apprehension about electric vehicles — get into EVs. On Friday, the company that offers “micro-lease to purchase” technology announced the closing of a $2 million credit line funding from Auto […] [Read More]

The National Auto Auction Association alerted members about a recent decision by the New Jersey Motor Vehicle Commission (NJMVC). In a message delivered on Thursday, NAAA recapped that NJMVC no longer accepts Connecticut’s Supplemental Assignment of Ownership (Q-1) forms for title transfers in New Jersey. NAAA explained that the new policy means that Connecticut’s Q-1 […] [Read More]

While the service departments at franchised dealership appear to still be more trustworthy, the J.D. Power 2024 U.S. Aftermarket Service Index (ASI) Study showed how the competition for business is getting even more intense. J.D. Power pointed out that customers are finding it easier to do business with aftermarket service providers due to no-appointment drive-in […] [Read More]

CDK is bringing a whole new experience to Canada. The automotive retail software provider announced the Canadian launch of the CDK Dealership Xperience, an open and integrated platform that the company said “transforms how dealers sell and service cars and operate their businesses simply in a modern and digital world.” The platform is designed to […] [Read More]

CARFAX Canada is bringing its vehicle history reports to Copart Canada’s customers. The companies announced CARFAX’s reports will be featured on the vehicle details page in Copart Canada’s auction platform in a strategic partnership designed to enhance consumer confidence when purchasing a vehicle from Copart Canada. “The CARFAX Canada integration will ensure our buyers understand […] [Read More]

Fisker’s drive toward a dealership model in the U.S. continues. The electric vehicle manufacturer said it has signed agreements with six new dealer partners for dealerships in California, Missouri and Pennsylvania, and a distributorship in the U.S. territory of Guam. Three of the new stores — LA Fisker and West Covina Fisker in Los Angeles […] [Read More]

The job market improved in April, but the Federal Reserve doesn’t like how inflation is tracking, so policymakers decided not to lower interest rates this week. Comerica Bank is expecting rate cuts by the end of the year, but Cox Automotive chief economist Jonathan Smoke is concerned about what demand for durable goods — things […] [Read More]