Sunroad Automotive Group already has 11 dealership locations and a collision center in southern California. Now, the dealer organization is about to make it a dozen sales points as VinFast announced that Sunroad will operate the electric vehicle manufacturer’s first authorized dealership in the Golden State. VinFast San Diego is set to officially begin operations […] [Read More]

STELLA AI on Thursday announced the availability of its conversational artificial intelligence platform designed for dealerships in the Microsoft Azure Marketplace, an online store providing applications and services on Azure. STELLA AI customers can take advantage of the Azure cloud platform with streamlined deployment and management. STELLA AI also is the Microsoft Copilot, delivering turnkey […] [Read More]

This week, CarGurus released its 2025 Mid-Year Auto Market Review, highlighting five primary points, including the impact of tariff uncertainty, shifting inventory dynamics and evolving consumer preferences on the new- and used-vehicle market. Among those top findings, CarGurus indicated used inventory has reached multi-year highs, but value has been redefined. Despite abundant used-car supply, CarGurus […] [Read More]

Economists didn’t have cheery projections after the Federal Reserve didn’t cut interest rates during its latest opportunity on Wednesday. The Federal Open Market Committee (FOMC) held the federal funds target unchanged at a range of 4.25% to 4.50% in a move experts said was “universally expected.” The Fed now hasn’t modified rates for six months […] [Read More]

The automotive ecosystem runs on liquidity. Dealers need immediate access to capital, lenders need streamlined repayment, and auctions require rapid, trusted settlement. Yet today, many transactions are still slowed by legacy banking infrastructure, adding unnecessary friction to a business that’s all about speed and margins. Enter the GENIUS Act. The Guiding and Establishing National Innovation […] [Read More]

RunBuggy made an award-winning addition to its board of advisors on Wednesday. Announced through a post on LinkedIn, the auto logistics platform welcomed John Messiha in an advisory capacity. Messiha is head of loss mitigation at Bridgecrest and was the recipient of the Loss Mitigation Executive of the Year Award at Used Car Week 2024. […] [Read More]

Independent dealers using Dealer Car Search soon can have a streamlined way to post used-vehicle inventory to OfferUp, a leading local marketplace that says it’s used by one in six U.S. adults each year. Through an arrangement set to be deployed this month, Dealer Car Search has partnered with OfferUp to make it easier for […] [Read More]

Agile Auto, a company with an artificial intelligence platform built to help dealers navigate the post-COVID used-car market, recently appointed Stephen Wrighton as chief technology officer. With more than 20 years of experience in enterprise software development and IT leadership, Agile Auto said Wrighton brings a unique blend of technical expertise and strategic insight. As […] [Read More]

Going counter to the recent trajectory seen by Black Book, Cox Automotive is watching wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) moving higher. That’s at least looking at the first 15 days of June compared to May. Analysts reported on Wednesday that the mid-month Manheim Used Vehicle Value Index rose 1.7% […] [Read More]

F&I Sentinel on Wednesday announced its first significant platform upgrade since the acquisition of aftermarket refund solution provider Express Recoveries from Cox Automotive last year. Executives highlighted these upgrades are a result of incorporating the Express Recoveries platform into F&I Sentinel’s Managed Cancellations solution and extensive insights from the company’s more than 100 lender customers. […] [Read More]